Houston Public MediaThe cost of housing in the Houston area has continued to grow for both renters and homeowners, while income levels struggle to keep up, according to a new study by Rice University's Kinder Institute for Urban Research.
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Houston-area housing costs are increasing faster than income levels, Kinder Institute study finds
According to the study, the median affordability gap for a home in Houston is about $130,000, meaning that the median household can afford a home that is approximately $195,000 in a real estate market where the median home price is $325,000.