Humble, TX Real Estate & Homes for Sale | RE/MAX (2024)

FAQs

Why is Texas real estate so expensive? ›

Market conditions contributing to high rents include a limited supply of land zoned for multifamily use and high development costs. As with single-family housing, high costs incentivize developers to build properties designed to yield higher returns.

Harris County

77338 / County

Average Home Prices: The average median home price in Texas is $332,100, up by 1.2% YoY. In 2024, experts predict the median sale price will increase due to the tight inventory.

Housing in Texas is significantly more affordable than in states like California and New York, a major carrot for attracting new residents and employers alike. But as Texas' economy and population exploded over the last decade, so did its housing costs — a trend that only accelerated during the COVID-19 pandemic.

The National Association of Realtors found that home prices dropped in 15 of 221 markets across the United States in the first quarter of 2024 compared to the same period last year, including two in the Lone Star State: Austin-Round Rock (-0.3%) and San Antonio-New Braunfels (-4.6%).

Texas has some of the highest property tax bills in the country, owing to the state's lack of an income tax and heavy reliance on property taxes to pay for government services like police, firefighters, sidewalks and, most prominently, public schools.

Compared to other states with similar economic and population growth, Texas real estate remains relatively affordable. This affordability makes Texas an attractive market for both first-time homebuyers and real estate investors.