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Saved to date for our clients
Houston covers more than 630 square miles. It is the ninth-largest US city and is the largest city by area. While Harris County is the largest county, some areas of the city are located in Montgomery and Fort Bend counties. These counties border other major cities like Sugar Land or The Woodlands in Greater Houston.
Houston was founded by land investors in 1836. It was established as a municipality in June 1837. Houston was named after Sam Houston, a former president of Texas. Houston was briefly Texas' capital in the late 1830s.
Houston Real Estate Market
- Despite record-breaking Houston home prices, investors continue to buy properties almost as quickly as they are listed. According to the Houston Association of Realtors, single-family home sales have increased by more than 4%.
- Houston is a great market for property investors, even though it can be frustrating for homeowners.
- Houston is a great place for long-term living because of its low cost of living and job growth. It also offers affordability, many amenities, and other benefits.
Houston job market
Houston saw 31,000 new jobs in May 2022. This is significantly higher than the 20-year pre-pandemic average. Houston's 9-month job growth rate has been higher than the pre-pandemic median.
According to the Greater Houston Partnership, nonfarm payroll employment has reached 3.2 million. This is the highest level in its history. Houston's employment levels surpass those in 11 of the pre-pandemic sectors. These include scientific and professional services, as well as arts & entertainment.
Key employment stats:
- According to the Federal Reserve Bank of St. Louis, Houston, The Woodlands-Sugar Land MSA's GDP exceeds $455 billion. It has increased by more than 18% over the past ten years.
- Houston's median household income increased by 5.8% in the last year. Houston's median property worth grew by 7.03 percent over the past 12 months.
- Houston is #4 in the U.S. ranking for Fortune 500 Headquarters.
Houston's three-county region has seen an increase of more than 1,000,000 people in the past ten years. Between 2010 and 2020, the population of Harris County grew by over 15%. The population of adjacent Montgomery and Fort Bend counties grew by 36% and 40%, respectively.
Figures relating to the population:
- Houston is home to over 2 million people and more than 7 million in its metropolitan area.
- Houston's population has increased by nearly 10% over the past decade.
- The fourth-most populous U.S. City and Texas's biggest city.
- Through 2029, the population is projected to increase by more than 1 million.
- Houston has a per capita income of approximately $35,000 and a median household income of $69,000.