Houston housing lands on affordability listHouston housing lands on affordability listhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=92082012-10-25T07:04:00Z2012-10-25T00:00:00Z

HOUSTON - Housing in the Houston area is cheap compared to other big cities, according to the National Housing Conference and Center for Housing Policy.

For households earning 50 percent to 100 percent of the median income for their area, greater Houston ranks 17th in overall affordability and housing costs as a share of income ranks eighth among the largest metros.

In Houston, where the studied households earn $28,944 to $57,888, 60 percent of income goes toward housing and transportation. Of that, 28.5 percent is spent on housing and 31.5 percent on transportation, including car payments, maintenance, insurance and fuel.

Between 2000 and 2010, combined housing and transportation costs were up 40 percent, while nominal incomes grew 24 percent.

Other cities at the top of the overall affordability list included Washington, Philadelphia and Baltimore.

Read more at the Houston Chronicle.

Houston Chronicle
Houston-The Woodlands-Sugar Land
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