HOUSTON, Texas (KTRK) — Houston has often held a reputation as a cheap place to buy a home.
Steve Sherman of Rice University’s Kinder Institute for Urban Research said that’s not the case anymore.
The institute analyzes trends in Houston’s housing market in its annual “The State of Housing in Harris County and Houston” report.
The 2024 edition is the institute’s fifth-annual version.
It found that home ownership in the area is getting more expensive.
ABC13 spoke with Houstonians on Thursday afternoon, and they all agreed with that conclusion.
“I have two jobs, and I can barely pay my rent,” Emmanvella Fowlks said.
Her response was “absolutely not” when asked if she anticipated buying a home in the near future.
The report, which included 7,500 surveys, indicated that most people still view owning a home as a major milestone.
With that being said, there’s a big difference between wanting to buy a home and actually being able to afford one.
“The median …