Houstonians now need an annual salary of at least $53,000 — up 12 percent from 2017 — to buy a single-family home in greater Houston, according to data from a local Keller Williams Memorial Realtor.
Paige Martin and her team calculated the average annual salary needed to purchase a home in 55 Houston-area neighborhoods based on midyear 2018 median housing pricing data and assuming a 28 percent monthly principal, interest, taxes and insurance cost, which included a 20 percent down payment.
