Houston housing prices have risen but still affordable

2013.11 houses-70425_smHouston Culturemap is reporting that average Houston home prices are up 12% from last year. That means that a house that last year cost $100,000 this year costs $112,000. And a $200,000 house went up to $224,000. That’s quite a jump in one year. Despite this, Houston had more new homes started last year than any other city, than the entire state of California in fact.

However, says the Houston Business Journal, it’s still “relatively” more affordable than other large cities, or “major metros” in the country. So, despite the increases, we’re still cheaper than most other places.

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