How Much Are Houses In Houston Texas?
If you’re here, chances are you’re interested in buying a home in Houston. You’ve probably looked at volumes of relevant info, from crime rates to job opportunities, and assessed all of the risks and rewards of living in Houston. However, you’re probably wondering about one of the most important questions: how much does it cost to buy a house in Houston Texas?
If you’re thinking about moving to Houston, you’ll be happy to find out that housing prices are exceptionally low! Compared to the national average of $240,000, Houston’s median home price of $180,000, it’s readily apparent that Houston is a great place to buy a home!
Why are housing prices in Houston so low?
Houston is a great city if you are looking for a place to settle down. With excellent job opportunities, great school districts and an excellent median wage, Houston is also a great place to raise a family! However, there are a couple of things you’ll need to keep in mind if you are planning on moving to Houston.
First of all, Houston has a very high crime rate. This varies by neighborhood, with some neighborhoods being comparatively safe, at least when compared to the national average for violent and property crime. However, the overall median crime rate for Houston is still disconcertingly high, and it’s definitely something you’ll need to consider before you purchase a home there.
Another thing you’ll need to give some thought is the job market. While jobs are available, and the industry is booming, there is a great deal of competition for skilled and lay positions alike, and you would do well to find a job before moving to the area. If your resume is impressive enough to win you a job easily, you might not need to factor this in so heavily, but if it isn’t definitely give it some thought.
If you don’t have a career specialization, a great career option in Houston is real estate. Realtors in Houston make highly attractive salaries, and becoming a real estate agent here is easier than you might think. With a median home price as low as Houston’s listings move fast and commissions are easy to come by; if nothing else, it’s worth your consideration.
If you’ve given it due consideration and decided that you want to buy a home here, you’ll need to contact one of the top real estate agents in Houston Texas. Once you’ve found a real estate agent to your liking, you’ll be just a couple steps away from making your home in this vibrant metropolis!
Popular Real Estate Questions
Popular Real Estate Glossary Terms
Also called interim financing. A mortgage that provides the funds necessary for the building or construction of a real estate project. The project can be a residential subdivision, a ...
Real estate business owned by one person having all the rights and obligations. ...
The units are used as commercial offices. The purchaser of an office condominium owns the title to the individual office unit and not to the property. Maintenance fees are assessed to each ...
Situation in which very few prospective buyers of real estate are rejected by lenders. This may be due to ample money supply, lower interest rates, and/or relaxed credit standards. See also ...
Landowner's legal right to the water found on his property. For example, there might be a stream of water adjacent to the land. The water might be used for irrigation or other purposes. ...
Agreement to exchange real estate upon specific terms. ...
A mortgage requiring a substantial down payment. It is usually only available to those having good credit, and has fixed monthly payments for the life of the loan. It usually has a 30 year ...
Real rate of interest on a loan. It is the coupon rate divided by the net proceeds of the loan. Assume Sharon took out a $1,000,000, on year, 10% discounted loan to buy real estate. The ...
Same as term annuity: Equal period payments or receipts. Examples of an annuity are annual rental receipts from a real estate investment and cash dividends from a real estate firm's ...
Have a question or comment?
We're here to help.