Houston Real Estate Market 2023: Housing Forecast, Trends & Predictions

2023 Housing Market Overview

Houston Real Estate Market 2023

Houston Real Estate Market Overview

Metro Population: 7 M

Median Household Income:$54,000

Unemployment Rate:4.3%

Median Home Price*:$299,000

Median Monthly Rent*:$1,573

Houston Real Estate Market 2023

Interested in investing in the Houston real estate market in 2023? On this page you’ll learn about housing market trends and statistics to help you make that decision.

About Houston

Houston is the largest city in Texas and the fourth-largest city in the United States, trailing only New York City, Los Angeles and Chicago.

It has an area of 655 square miles. This is almost as large as the combined areas of New York City, Washington, D.C., Boston, San Francisco, Minneapolis, Miami and Seattle.

While primarily in Harris County, small portions of the city extend into Fort Bend and Montgomery counties. The city borders other communities such as Sugar Land and The Woodlands.

The Houston area is home to twenty-four companies on the ’22 Fortune 500 list, ranking third behind New York (64) and Chicago (35). The metro area is also the home of more than 5,000 energy-related firms. It has been considered the Energy Capital of the world since oil was first discovered there in 1901.

Houston is the most ethnically diverse large metropolitan area in the U.S., home to over 1 million immigrants.

The Houston real estate market is a good choice for investors because of the variety of investment properties, the city’s strong business infrastructure, and the low cost of residential housing.

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Major Employers in Houston

Houston Housing Market News

  • One of the best cities to invest in real estate in 2022 - Quicken Loans
  • No 11 on the list of the 100 best American cities to live, work, invest, and visit - Yahoo Finance
  • One of 10 housing markets that are most likely to keep their value - MoneyTalkNews
  • "#2 Best Place to Live in the World" - Business Insider
  • "#10 Best City for Young Entrepreneurs" - Forbes
  • "#20 Best Place to Live" - U.S. News
  • "11 Reasons to Move to Houston" - Texas Monthly
  • "Fastest-Growing Metro in America" - Business Journal
  • "Texas #4 in Best States for Growth" - U.S. News
  • "#10 Best Nightlife Scene in US " - US News

Property Teams

Property Team details can only be viewed in the Investor Portal, which can be accessed by RealWealth members who are logged in at Investor.RealWealth.com

Sample properties

Sample properties can only be viewed in the Investor Portal, which can be accessed by RealWealth members who are logged in at Investor.RealWealth.com.

Disclaimer: The information provided on this page is for educational purposes only. RealWealth makes no warranty or representation as to the accuracy, completeness or reliability of this information. Please be advised that this content may contain errors, is subject to revision at all times, and should not be relied upon for any purpose. Under no circumstances shall RealWealth be liable to you or anyone else for damage stemming from the use or misuse of this information.

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