More households in the Greater Houston area could afford to buy a home in the third quarter of 2025 compared to the same time last year as home prices dipped and mortgage rates held steady, according to a Nov. 6 affordability report from the Houston Association of Realtors.

By the numbers

According to HAR’s housing affordability index, 39% of households in the Greater Houston area could afford to buy a median-priced home in the third quarter compared to 37% at the same time last year. The figure remained unchanged from the second quarter of this year, per the report.

Households needed a minimum annual income of $100,400 to purchase a median-priced home in Greater Houston, according to the report. The median home price in the area declined 1.9% to $341,600 compared to this time last ye

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