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How Affordable is Houston?

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. 

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