Compare Houston, TX mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Houston.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Houston. Plus, shopping lenders is free and there is no obligation.
January 22, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Houston. Understand how much you need to earn to afford a home in Houston, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Houston fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Houston is right for you.
The median home value for Houston, TX (Harris County) is $230,958
Based on current mortgage rates and a 10% down payment, you need to make $37,842 per year to buy the median priced home in Houston
With this income, you could qualify for a $207,862 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Houston is $876
The median household income for Houston, TX (Harris County) is $66,601
Based on this income, you can afford a home valued at approximately $406,486
The home price you can afford to buy based on household income in Houston is 176% of the median home value which means housing prices are average. Houston (Harris County) ranks 221 out of 254 counties in Texas and 2,199 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Houston, TX is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Houston (Harris County) below.
Conforming loan limits for Houston, TX
FHA loan limits for Houston, TX
VA loan limits for Houston, TX