At 20.2 percent below the national urban average, Houston’s housing costs are the second lowest among the most populous U.S. metros, according to the C2ER Cost of Living Index 2025 Annual Average. Furthermore, housing costs in Houston are 50.8 percent below the average of the most populous U.S. metros. (This housing index is based 70.9 percent on homeownership and 29.1 percent on rental occupancy).
Excluding the two most expensive housing markets—New York and San Francisco—which tend to skew the average, Houston’s housing costs are 41.4 percent below the major metro average.