The 2020 State of Housing in Harris County and Houston Photo by Josh Olalde on Unsplash Building Better Cities Building Better Lives Funded in part by Research on housing is a core priority area for the Kinder Institute. “The 2020 State of Housing in Harris County and Houston” was made possible, in part, by lead funding from Wells Fargo. June 2020 Rice University Kinder Institute for Urban Research MS 208, 6100 Main St. Houston, Texas 77005 Telephone: 713-348-4132 kinder.rice.edu For more information, contact
[email protected]. Copyright ©2020 by Rice University Kinder Institute for Urban Research. All rights reserved. Sales price data included in this report is © Copyright 2020 Houston Realtors Information Service, Inc. This report includes information provided by the Houston Association of REALTORS®. Contributors: Kyle Shelton, John Park, Carlos Villegas, Luis Guajardo, Chris Servidio, Zhiyan Zhang. Suggested Citation: Shelton, Kyle, John Park, Carlos Villegas, Luis Guajardo, Chris Servidio, and Zhiyan Zhang, “The 2020 State of Housing in Harris County and Houston,” Report. Kinder Institute for Urban Research, Rice University. Houston, TX: Kinder Institute for Urban Research, 2020. DOI: doi.org/10.25611/zm83-6070 TABLE OF CONTENTS Table of Contents 2 Executive Summary 6 Introduction 10 Section 1. Economic Trends 15 Section 2. Population Trends and the Demand for Housing 22 Section 3. Housing Supply 26 Section 4. Affordability and Access to Housing 37 Section 5. Cross-cutting Connections to Housing 42 Conclusion 43 Appendix A. Affordability Gap Calculations 44 Appendix B. Harris County and City of Houston Indicators The 2020 State of Housing in Harris County and Houston 1 EXECUTIVE SUMMARY Executive Summary he Kinder Institute’s inaugural State of Housing in Harris County and Houston Treport provides a consistent and accessible baseline of information about housing-related issues to all Houstonians.