A new report by the Houston Association of Realtors sheds a light on housing affordability in the city during 2023, focusing specifically on the factor of ethnicity. Among its many findings, only one in four Latinos earned enough to buy a median-priced home in 2023, down from 28% in 2022.
Housing affordability declined across the board as 26% of Black households could afford an equally priced home last year (compared to 34% in 2022) and 51% of Asian and White households could afford to buy a median-priced home in 2023 compared to 58% a year earlier.
