Interest rates are rising and home prices are soaring in certain cities, so how affordable is the average home? Using the latest data for median home prices and the average interest rate for 30-year fixed rate mortgages, the chart below shows how much you would need to earn just to afford the principal and interest payment.
Check the graph below and you’ll see that Houston ranks at the top of the most affordable cities in the nation. 
About fulshearrealestate
With over 20 years of working in the greater Fulshear/Katy market, RE/MAX Realty West has become an integral part of the community and the number one choice for clients to find their next home. We are intimately familiar with the rich history and the wonderful communities that this area has to offer, not only because we work here, but because this is the community that we, ourselves, call home. As a friendly, boutique office, our goal is to provide our clients with an unequaled level of service. Whether you are finding the right home or looking to put your current house on the market, RE/MAX Realty West can help you every step of the way. Our experience helps clients find the right home, in the right location. We specialize in the greater Fulshear and Katy communities including Weston Lakes, Fulbrook, Cross Creek Ranch, Fulshear Creek Crossing and Firethorne. We also serve the acreage communities along the FM 359 corridor, which include the quaint neighborhoods of River Forest, Texana, Woods Edge and Grand River. Additionally, we handle the large Katy Master Planned Communities including Cinco Ranch, Seven Meadows and Grand Lakes.
RE/MAX Realty West's Blog 
Reblogged this on houstonmktg.