The COVID-19 pandemic certainly exacerbated the issue, but affordable housing was already a problem before, said Urban Research director.
HOUSTON, Texas -- In the last 23 months, the average single-family home price in the Houston area has gone up from $309,975 to $410,923. That is a 32.5%increase. In that same period, the average cost of a rental home has increased from $1675 to $2075, a 23.8% jump.
" every single price point," Surrat said."Affordability is getting tougher and tougher to find something under $300,000. You'll have to go further and further out. There is still affordable housing. You might have to go a little farther out or have a smaller house than you thought you might have." Fulton said the COVID-19 pandemic certainly exacerbated the issue, but affordable housing was already a problem before.
"If you were already in trouble during Harvey, you got hit again and again, and you never got relief from the original hit," said Stevenson. It is a losing proposition for so many, and that's if they can find housing. The Houston Housing Authority has various waiting lists from 8,000 to 20,000 people, all looking for help finding and keeping affordable housing. David Northern is the CEO.
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