HOUSTON -- Texas isn't the only place where home prices are on the rise. Nationally, the median home price will rise $6,275 next year, according to a new study from Zillow. In turn, prospective homebuyers will need to save a good chunk of change more to reach their goal of a 20 percent down payment.
Zillow says that nationally, homebuyers will need to save an additional $105 a month - $1,260 over the next year - to account for how much a 20 percent down payment will cost in 2018. In Houston, the figure is not as great, as residents will need to save $84 more a month - an additional $1,008 for the year.
The figure is higher in a couple hot Texas markets.
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This is how much more money you'll need for a down payment in Houston in 2018