By the numbers, that figure is based on principal and interest for a 30-year, fixed-rate mortgage with a 20% down payment. (That compares with a nationwide jump of 38%.) The typical monthly payment here is $1,144; Houston ranks 21st overall among metros.
This tracks with a just-released report from HAR noting that fewer households throughout the Greater Houston area could afford to purchase the median-priced home in the first quarter of 2022.
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