Find the Johnson Space Center, oil and gas industry, and hot summer days in the sprawling, affordable single-family market.

Office Location

2700 Post Oak Boulevard, 21st Floor
Houston, TX 77056

74,700

Jobs Created
2.4%

$66,454

Median Household Income
4.2%

60,243

Total Housing Permits
32.5%

1,139

Total Number of Projects
-9.2%

$302,238

SFD New Home List Price
-2.8%

6,608

New Home Sales
-3.6%
Monthly

Market Health

Houston s population is 6.9M, with a total workforce of 3.1M. The labor market grew by 74,700 jobs over the past year, up by 2.4%. The median household income in Houston is $66,454, 4.2% higher than last year and 8.3% above the national average of $61,372. In the housing market, total permits issued totaled 60,243 over the last twelve months, up 32.5% year-over-year. Houston has 1,139 active new home projects on the market, 9.2% fewer than the 1,254 from last year. The average list price in the market is $302,238, 2.8% lower than last year and 0.2% below the national average. Over the last three months, new home contracts decreased by 3.6% to 6,608. Houston and Katy had the highest concentration of the new home contracts in the Houston market.

Our Experts

Work with leaders in the industry.

Kimberly Byrum

Principal

Kimberly Byrum

Principal


John Christian

Vice President

John Christian

Vice President


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