Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$302,832−1.8% YoY · prices are falling
Market right nowBuyer's marketMore homes for sale than last year, 20% have cut their price
Income needed to buy, per year$65,648About 0.8× the local median income ($83,774): affordable for a typical household
Days on market57 daysAbout the same pace as a year ago
Next 12 months+0.3%Zillow expects prices to stay about flat
The typical home in Houston-Pasadena-The Woodlands, TX is worth $302,832, down 1.8% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $286,502, so the area is 5.7% overvalued. It is a buyer's market: homes take about 57 days to sell, listings are up 5% from a year ago, 20% of listings have had a price cut. Zillow expects prices to rise about 0.3% over the next year. A household needs about $65,648 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $83,774. Typical rent is $1,638 a month, or $2,220 for a house. In the latest IRS figures, 23,417 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$302,832
Change in 1 year
−1.8%
Overvalued %
+5.7%
Show 7 more
Fair home value
$286,502
Change in 5 years
+11.4%
Zillow forecast, next 12 months
+0.3%
Home value to income
3.6×
Monthly mortgage payment (20% down)
$1,641
Income needed to afford it
$65,648
Property tax rate
1.61%
Rent and investing
Typical rent
$1,638
Typical rent for houses
$2,220
Price-to-rent ratio
15.4×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,484
Gross rental yield
6.49%
Cap rate (estimate)
4.22%
Market activity
Listings vs a year ago
+4.9%
Days on market
57
Listings with a price cut
20.3%
Show 3 more
Homes for sale
35,620
Pending sales per 100 listings
24
Asking price per sq ft
$168
People and jobs
Median household income
$83,774
Population change (1 year)
+1.6%
Unemployment rate
6.2%
Show 4 more
Population
7,904,627
Income adjusted for cost of living
$84,963
Net moves in (IRS)
+23,417
Cost of living (US = 100)
98.6
Schools, risk and environment
School rating (1 to 10)
6.0
FEMA hazard risk score (0 to 100)
97.4
Unhealthy air days a year
31
Show 4 more
Flood risk score
97.2
Wildfire risk score
83.8
Walkability (1 to 20)
9.5
Road, rail and air noise
54 dB
Questions people ask
Is Houston-Pasadena-The Woodlands, TX overvalued?
Home prices in Houston-Pasadena-The Woodlands, TX are slightly above what local incomes have historically supported: fair value is about $286,502, so the area is 5.7% overvalued.
Is Houston-Pasadena-The Woodlands, TX a buyer's or seller's market?
Houston-Pasadena-The Woodlands, TX is a buyer's market: homes take about 57 days to sell, listings are up 5% from a year ago, 20% of listings have had a price cut.
Are home prices going down in Houston-Pasadena-The Woodlands, TX?
Home values in Houston-Pasadena-The Woodlands, TX are down 1.8% over the last year. Zillow's forecast for the next 12 months is +0.3%.
How much do you need to earn to buy a home in Houston-Pasadena-The Woodlands, TX?
A household needs about $65,648 a year to afford the typical home in Houston-Pasadena-The Woodlands, TX at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $83,774.