More Houston-area households were able to buy a home in the third quarter of 2025 as home prices eased and mortgage rates held steady, according to the latest Housing and Rental Affordability Report from the Houston Association of Realtors.
HAR’s Housing Affordability Index (HAI) shows that 39% of households in the Greater Houston area could afford a median-priced home in the third quarter of 2025, which is unchanged from the second quarter. It is an improvement from 37 percent during the third quarter of 2024.
The median home price declined 1.9% year-over-year to $341,600, while the average 30-year fixed mortgage rate held steady around 6.5% in the third quarter. The monthly mortgage payment (including principal, taxes and insurance) was $2,510 compared to $2,550 last year…