What Is The Number Of Single-Family Homes In Houston?

In late September, there were over 30, 000 single-family homes listed for sale through the MLS in Houston. In September 2024, 6, 973 single-family homes were sold in the Greater Houston area, a 1. 7 increase from the previous year. In total, 106, 229 single-family homes were sold in the Houston area last year, a 10. 3 increase from the previous record.

The Houston real estate market had 13, 375 homes for sale in October 2024, a 19. 0 increase compared to September 2024. The Texas Quarterly Housing Report uses statistics compiled from multiple listing services in nearly 50 markets throughout Texas, including data for single-family home sales. Single-family home construction slowed down in Houston in 2022, with 2, 692 housing permits issued for single-family detached homes in January 2023.

A quarter of Harris County’s single-family homes are rentals, with an estimated 10, 385 owned by a small set of multistate corporate investors. On average, homes in Houston sell after 41 days on the market compared to 32 days last year. As of late October, there were over 31, 000 single-family homes listed for sale through the MLS.

The Houston Association of Realtors reports that the average single-family home sale price increased 16. From $324, 069 in 2020 to $376, 075 in 2021, with the single-family home median price rising to 6. 5%, an all-time high. The average price rose 4. 6% year-over-year, the second-highest level ever.

Builders started 6, 442 new Houston homes and property prices are approaching historic highs, but investors are still buying homes nearly as quickly as advertised. Since 2019, the Houston metro has seen a total of 343, 779 permitted housing units.

With a total of 468 single-family homes, including 400 affordable homes (for homebuyers earning up to 120 of Houston’s Area Median Income (AMI)) and 68 market-rate homes, the number of Houston-area households that spent at least 30 of their income on housing increased 54 among renters and 12 among market-rate households between 2010 and 2023.

How Many Single-Family Homes Are There In Texas?

In 2023, Texas is home to approximately 8. 2 million single-family homes. Sales have sharply declined, with projected sales ending between 320, 000 and 340, 000 units. The median home price is expected to fall between $320, 000 and $345, 000, potentially concluding under $340, 000. The Texas Quarterly Housing Report assesses data from nearly 50 markets across the state to track housing trends. Notably, single-family construction starts have seen a three-month rise, totaling 11, 240 units, with major cities like Dallas and Houston leading with over 3, 500 permitted houses.

The overall U. S. housing landscape shows 82 million single-family homes among 129 million total occupied units as of 2021, predominantly owner-occupied. Moreover, from November 2022 to October 2023, single-family home sales exceeding $1 million decreased by 16 from the previous year, accounting for 11, 780 sales worth $19. 5 billion. Houston's housing segment consists of around 927, 100 units, with a small vacancy rate. The interest in single-family homes remains strong, as the inventory of active listings rose by 4. 8%, reflecting ongoing demand within the Texas housing market amidst recent declines.

What Percentage Of Houston Is Single-Family Homes?

In major U. S. cities, the prevalence of single-family homes varies, with Houston, TX, showcasing a substantial number. Houston features about 49. 3% of its housing stock as single-family homes, accompanied by a mix of duplexes and small apartment buildings. It ranks among cities like Dallas (46. 0%) and Long Beach (46. 9%). As part of the broader housing landscape, Houston accounted for 782, 378 total housing units, with detached single-family houses making up 46.

6% (364, 905 units). The housing market has shown resilience, with single-family home sales increasing by 12. 8% year-over-year, resulting in 7, 185 units sold. Significant yearly price increases have been noted, with median home prices rising by 16%. Moreover, the overall home sales have lifted by 4. 4%. However, despite these trends, rental properties dominate, with a quarter of single-family homes in Harris County being rentals. The Houston market is competitive, averaging 41 days on the market and yielding about one offer per home.

Notably, single-family home construction has slowed, with the issuance of permits decreasing in early 2023. Despite rising home prices and interest in single-family ownership, much of the market activity is driven by investment companies rather than local families, reflecting broader trends in homeownership in the region.

What Percentage Of Texans Own Homes?

As of July 1, 2023, Texas has approximately 12. 4 million housing units, with a homeownership rate of about 63. 6%, meaning approximately 2 out of 3 households own their homes, while the rest are renters. The Census Bureau emphasizes that tracking homeownership rates helps in assessing whether housing needs are being met and guides policy and funding decisions. Nationally, 84. 6 million out of 129. 9 million households are homeowners, while 45. 2 million rent.

In recent years, Texas has seen fluctuations in homeownership rates, having 62. 4% owner-occupied homes from 2018 to 2022 and a notable decline in 2021, with current rates sitting at around 65. 5%. Notably, in 2019, Texas recorded the seventh lowest homeownership rate among states. Data also indicates varying homeownership across demographics, with 56. 1% of Texas homeowners having a mortgage compared to 61. 7% nationally. Challenges faced by homebuyers include finding suitable properties.

The distinctions vary significantly between racial and ethnic groups regarding homeownership, with disparities observed in ownership rates among different demographics in Texas. Overall, the trends in Texas reflect broader themes of economic and social factors influencing housing and ownership patterns within the state.

How Many Texans Own Homes?

In 2019, Texas had approximately 9. 985 million households, with 6. 18 million, or 61. 9%, being owner-occupied. As of 2023, the homeownership rate in Texas is around 63. 6%, indicating that about 2 in 3 households own their homes while the remainder rents. The majority of homebuyers in Texas in 2020 were married couples (68%), followed by single females (15%), single males (9%), and unmarried couples (6%). Nationally, the homeownership rate stands at 64.

4% according to the 2020 American Community Survey. In the third quarter of 2024, Texas experienced a decline in owner-occupied households to 65. 6%. Texas ranks low in homeownership rates, with nearly 25% of its homeowners spending excessive amounts on housing. The state's homeownership rate was historically highest at 63. 6% in January 2023. An analysis suggests that the typical homeowner age has shifted from 29 in 1980 to 34 in 2000. Overall, there is a prevalent sentiment about housing affordability issues in Texas, with calls for adjustments in property taxation for non-primary residences.

Is Houston Still The 3Rd Largest City?

Houston is currently Texas's most populous city and ranks as the fourth largest city in the United States, following New York City, Los Angeles, and Chicago. In 2025, Houston's population is projected to be between 2. 54 million and 2. 7 million. Demographers predict that if current trends continue, Houston could surpass Chicago and become the third-largest city by 2035. Recent reports indicate that while Houston is on track for significant growth, it still lags behind Chicago, which had a population of approximately 2.

74 million in 2020. As of now, Houston's population stands at around 2. 314 million, and it has seen a notable increase, adding around 11, 223 new residents from July 2021 to July 2022. Although Houston is not the third-largest city at present, its rapid population growth suggests that it might attain this status in the next decade. Currently, however, Houston has little influence on the American cultural scene despite its size.

The analysis from the Illinois Policy Institute highlights that sustained demographic trends will be necessary for Houston to overtake Chicago. Overall, today, Houston remains the fourth-largest U. S. city while working towards potential future growth.

What State Has The Most Single-Family Homes?

In the United States, the majority of housing units are single-family homes, totaling approximately 82 million out of 129 million occupied units in 2021. While New York is the only state where multi-family units dominate (46. 8% single-family), 35 states boast 70 or more single-family units, with Idaho (78. 3), Iowa (78. 2), and Kansas (78. 1) at the forefront. Among large cities with populations over 350, 000, single-family housing shares range dramatically from 74.

2% in Detroit to 17. 0% in New York City. Houston stands out as having the highest volume of single-family homes, with 219, 718 units. The southern U. S. has been the fastest-growing region for new single-family homes, accounting for the majority of recent constructions. The annual appreciation for single-family housing was reported at 6. 5% in 2023. Notably, Oklahoma and Mississippi had the highest percentages of recent single-family home purchases at 96.

1% and 95%, respectively. Vermont recorded the highest vacancy rate, at 22. 86%, while overall, there are about 16 million empty homes across the nation. This landscape highlights the dominance and variability of single-family housing throughout the U. S., with significant regional differences and trends in home construction.

What City Has The Most Single-Family Homes?

Detroit, MI leads U. S. cities with the highest percentage of single-family homes, at 74. 2%. Following Detroit are Wichita, KS (73. 9%) and Bakersfield, CA (73. 8%). An analysis of single-family housing across over 300 U. S. cities was conducted using U. S. Census Bureau data.

New York stands out as the sole state where multi-family units prevail, constituting 46. 8% of housing, whereas in 35 states—including Idaho (78. 3%), Iowa (78. 2%), and Kansas (78. 1%)—more than 70% of homes are single-family units. Nationwide, around 82 million of the 129 million occupied housing units in 2021 were single-family residences, primarily owner-occupied.

Houston, TX boasts the highest total of single-family homes, totaling 219, 718. Meanwhile, constructing permits for new single-family homes are most prevalent in southern and Mountain states. Major cities like Dallas-Fort Worth and Houston led the way in housing construction in 2022, while cities like Memphis, TN-MS-AR and Oklahoma City, OK also reported significant numbers.

New constructions are seeing reserves of affordability, with certain cities providing promising opportunities for homebuyers in upcoming markets. Overall, the trend indicates a robust preference for single-family housing across various states and cities in the U. S.