America's fourth-largest city is a cosmopolitan destination, filled with world-class dining, arts, hotels, shopping and nightlife. Take a stroll through the historic Heights, spend the day exploring the Museum District or head down to Space Center Houston. Later on, grab a bite in one of dozens of award-winning restaurants, or hang out with the cool kids on Washington Avenue. There's always something to do in this Southern hospitality meets urban chic city.
Houston's population is 7.2M, with a total workforce of 3.1M. The labor market grew by 159,800 jobs over the past year, up by 5.3%. The median household income in Houston is $71,867, 2.1% higher than last year and 6.4% above the national average of $67,521.
In the housing market, total permits issued totaled 62,216 over the last twelve months, down 8.8% year-over-year. Houston has 917 active new home projects on the market, 10.5% fewer than the 1,025 from last year. The average list price in the market is $414,626, 18.3% higher than last year and 8.0% below the national average. Over the last three months, new home contracts decreased by 22.8% to 8,182. Houston and Katy had the highest concentration of the new home contracts in the Houston market.