Full Cost Breakdown — 77001 (Houston, TX)
What Salary Do You Need to Buy in 77001?
Using the standard 28% gross income housing rule, you need approximately $93,748/year to comfortably afford the median home in Houston, TX with 20% down at today's 7.1% rate.
The average household income in Harris County is approximately $65,000/year — which means buying the median home here is difficult for the average family.
Property Tax in 77001 (Harris County)
Harris County has a property tax rate of approximately 2.1% — above the national average of 1.1%. On a $290,000 home, this equals $508/month or $6,090/year in property taxes.
Property taxes can often be appealed if your assessment seems high. Ownwell specializes in property tax appeals — they only charge if they save you money.
Will a Bank Approve You in Houston?
Approval depends on your specific profile — credit score, income, existing debts, and down payment. The Bank Rejection Engine shows exactly how 5 different lender types would score your application for a home in 77001.