How resilient is the Houston, TX housing market?

While the US residential housing market is recovering on a steady trajectory, the market still has not recovered to its pre-recession highs. The median home value in US is still only 86% of the nation's pre-recession high, and only 34% of homes have had their values surpass their pre-recession peak values, according to Trulia.

The Houston-The Woodlands-Sugar Land, TX metro seems to be an exception to the rule, with median home values reaching 114% of pre-recession peaks.

As a company providing lawn service to homes in Houston-The Woodlands-Sugar Land, TX, it is in our best interest to fully understand and track all changes within the region's housing market. So we decided to publish some of our research so those interested can better understand the Houston-The Woodlands-Sugar Land, TX housing market.

Methodology

We took historical data of Zillow's Housing Value Index - a measure for median home value - and adjusted the index for inflation using the Consumer Price Index (All Items Less Shelter), as recommended by the FHFA. We collected data at nationwide, state, metro and city levels.

From there, we compared current home values to their pre-recession peaks to understand how resilient the Houston-The Woodlands-Sugar Land, TX area is relative to Texas, the US, and other metro areas. We summarized the findings in an interactive data visualization, found at the bottom of the page.

Key Findings

• The median home value in Houston-The Woodlands-Sugar Land, TX has reached $181k - 114% of the area's pre-recession peak of $158k.
• In terms of recovery, the region is ahead of the US and ahead of Texas. Home values in these regions have reached 86% and 109% of peak values, respectively.
• Houston-The Woodlands-Sugar Land ranks #7 among top 100 metro areas in the country in terms of recovery, and #27 across all metros.
• Of metro areas in Texas, Houston-The Woodlands-Sugar Land ranks #4 in terms of recovery.

Most Resilient Cities in the Houston-The Woodlands-Sugar Land, TX Metro Area

1. West University Place
2. Roman Forest
3. Jamaica Beach
4. Tiki Island
5. Baytown
6. Jersey Village
7. Dickinson
8. Channelview
9. Tomball
10. Manvel

Most Resilient Metros in TX

1. Austin-Round Rock, TX
2. Dallas-Fort Worth-Arlington, TX
3. Midland, TX
4. Houston-The Woodlands-Sugar Land, TX
5. College Station-Bryan, TX
6. San Antonio-New Braunfels, TX
7. Laredo, TX
8. Amarillo, TX
9. Texarkana, TX-AR
10. Brownsville-Harlingen, TX

Embed this graphic onto your site! (copy the code below) <div style="clear:both"><a href="http://lawnstarter.com/houston-tx-lawn-care/houston-tx-housing-recovery-fall-2017"><img src="https://s3.amazonaws.com/www.lawnstarter.com/housing-recovery-fall-2017/Houston-TX-Housing-Recovery-Fall-2017.png" width="100%" style="max-width:700px" title="How resilient is the Houston, TX housing market? by Lawnstarter.com" alt="How resilient is the Houston, TX housing market? by Lawnstarter.com" border="0" /></a><br><p>This graphic is brought to you by <a href="https://www.lawnstarter.com/houston-tx-lawn-care">LawnStarter Houston</a>.</div>

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Embed this graphic onto your site! (copy the code below) <div style="clear:both"><a href="http://lawnstarter.com/houston-tx-lawn-care/houston-tx-housing-recovery-fall-2017"><img src="https://s3.amazonaws.com/www.lawnstarter.com/housing-recovery-fall-2017/Houston-TX-Housing-Recovery-Fall-2017.png" width="100%" style="max-width:700px" title="How resilient is the Houston, TX housing market? by Lawnstarter.com" alt="How resilient is the Houston, TX housing market? by Lawnstarter.com" border="0" /></a><br><p>This graphic is brought to you by <a href="https://www.lawnstarter.com/houston-tx-lawn-care">LawnStarter Houston</a>.</div>

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