Houston, TX – As housing costs continue to rise in Houston, a recent report from the Kinder Institute reveals how this affordability crisis is affecting home ownership in the area.

On Tuesday, local leaders will break ground today on a new affordable housing complex in northwest Houston.

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The new complex will be called Saddle Creek Village and will offer amenities such as a playground, dog parks, a community club and an after-school learning center.

72 units will be equipped with energy-efficient appliances and fixtures, granite countertops and balconies. The property will be mobility and hearing/visual accessible with several designated mobility and hearing/visual units and a total of four lifts. The property will also be fully fenced with secure entry.

The aim is to support residents and encourage connection with the neighbourhood.

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A new Kinder Institute report on the state of housing in Harris County and Houston in 2024 reveals just how pressing the need for affordable housing has become.

The study shows that in 2023, Houston’s median home price reached $335,000, while Harris County’s median was close behind at $315,000.

Since 2018, the affordability gap has widened by more than 50% in Houston, leaving many homeowners with no affordability.

Meanwhile, neighboring counties such as Fort Bend and Montgomery have seen homeownership rates rise much faster than Houston, with new homeowners flocking to these areas in search of more affordable options.

The report also highlights a changing demographic landscape, with an increase in Hispanic and black homeowners in the suburbs and signs of gentrification affecting nearly one in ten Harris County neighborhoods.

Saddle Creek Village is expected to open in late 2025.