Real estate
BY CASSANDRA JENKINS & LIZZY SPANGLER
During the first three months of 2025, only 5% of Bellaire and 3% of West University households could afford to buy a median- priced home, according to the Houston Association of Realtors’ Q1 Housing and Rental Affordability Report released May 8. In the first quarter of 2025, the median price of a home in the Bellaire area was $1.4 million and $1.8 million in West U, respectively, according to the report. In Harris County, the median price was $325,000, which 34% of households could afford as they made the minimum qualifying annual income of $100,400. 5% of Bellaire households able to buy a home
Zooming out
Housing affordability, Q1 2025
Median home price Median qualifying income Percent change from Q1 2024 to Q1 2025 Houston metro
In the Greater Houston area, 40% of Houston-area households could afford to buy a median-priced home in the first quarter of 2025, according to the report. The median price of a home in the Houston area was $337,400, and households needed to make $95,200 to be able to afford that. Statewide, 40% of households could afford a median-priced home, with households needing to make $94,400 a year to purchase a $334,900 house, according to the report. “What we’ve seen in the early part of 2025 shows a degree of stability in the Houston housing market, which is encouraging news for prospective homebuyers,” HAR Chair Shae Cottar said via news release. “However, with ongoing economic uncertainty, some people are exercising greater caution in their purchasing decisions, including when it comes to buying a home.”
+1.7% +0.98%
$337,400
$95,200
Bellaire
+27.4% +30.03%
$1,399,500
$404,000
West University Place* N/A N/A
$1,792,000
$510,000
City of Houston
-1.2% +7.85%
$345,000
$102,000
Harris County +0.96% +0.4%
$325,000
$100,400
*PERCENTAGES WERE NOT AVAILABLE DUE TO THE MINIMUM 25 TRANSACTION THRESHOLD NOT BEING MET FOR Q1 OF 2024.
SOURCE: HOUSTON ASSOCIATION OF REALTORS’ Q1 HOUSING AND RENTAL AFFORDABILITY REPORT/COMMUNITY IMPACT
346-230-2667
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BELLAIRE - MEYERLAND - WEST UNIVERSITY EDITION
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