Rising Houston home prices

​​HOUSTON AREA – Home prices have increased nearly 30 percent since 2000 and 3.6 percent since their peak in the fall of 2006, according to new data released June 16, 2017 by the Joint Center for Housing Studies at Harvard University.

On a local level, Houstonians are feeling strained as home prices have soared amid pent-up demand and tight supplies.

Houston-area home sales surged last month, spiking 11.5 percent from a year ago, the Houston Association of Realtors reported on June 13, 2017.

The region’s median sales price hit an all-time high of $235,000.

In the Houston area, 63.7 percent of households can afford the median-priced existing single-family home of $212,000, while 45 percent of renter households can afford the median rent of $1,300.​