Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroomSaved on this device

Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroom

Houston, TX

Housing in Houston, TX: Rent, Home Prices & Property Tax

$1,188/mo (1 bd) in Houston. Median home $275,200. Property tax 1.75%.

Compare vs Chicago Rank metros from HoustonHow we figure this

Rent (1 bd): $1,188; /mo
Buy: $2,045; Mortgage, tax, insurance
Buying costs more: $857; /mo

State tax and rent

To buy

20% down payment$55,040
Mortgage at 6.5%$1,392
Property tax (1.75% of value)$401/mo · $4,816/yr
Insurance and upkeep$252
Monthly total$2,045

49.3% of renters spend 30% or more of income on rent. Census ACS 2023.

Months to 20% down

$3,170 left each month. About 18 months (1.5 years) to save $55,040.

Asking rent. Census median home price. 30-year fixed, 6.5%, 20% down. Not lending advice.

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