Are you curious in what your neighbors say?

You are not going to think about property changes at the nearest time. You are totally satisfied with all you have. But time flies fast. You can find out one day that your happy family grows larger and you do not have enough space for these changes. Or probably you would become empty-nesters faster then you planned before, as your kids got to an out-of-state college. Or you just want to invest in the real estate and just wait for the right time? The time is always right, it just depends on your wishes and needs.

Are you curious about what people think? Me too!

Let me share the latest statistics to you about Housing Quality, Costs and Neighborhood in Texas.

Neighborhoods. Households agree that…

- 7%  This neighborhood has a lot of serious crime

- 37% This neighborhood has a good bus, subway,  or commuter bus service.

- 92% This neighborhood has good schools 

- 12% This neighborhood is at high risk for floods or other disasters.

- 92% There is no trash, litter, or junk on streets or any properties within 1/2 block of their home.

Isn’t it nice? I think yes! Go ahead!

Photo by Ján Jakub Naništa on Unsplash

Housing quality 

- 327,600 Households have made some home improvements in the past 2 years.

- 27% of these households cite energy efficiency as a reason for improvements 

- 86% of households cite accessibility for elderly or disabled persons as a reason for improvements

- 6% of households live in inadequate housing (that sounds sad, but the percentage is not so bad) 

- 3% of households report having mold in the last 12 months

- 4% of households report heating problems that resulted in being uncomfortably cold for 24 hours or more  (oh, Gosh!!it’s very unpleasant) 

Photo by Wynand van Poortvliet on Unsplash

Housing Costs.

- $810 was the median monthly mortgage total amount, excluding insurance and taxes 

- $800 was the median monthly cost for rent 

- $998 was the median monthly cost of housing 

- $1500 was the median expenditure on home improvement projects in the past 2 years 

- $211 was the median monthly cost paid for utilities

- 15% of households pay at least half their monthly income for housing 

Photo by Tierra Mallorca on Unsplash

What do you think about Your housing? 

Let’s grab some coffee and chat about that.

Sincerely Yours,

NS

Source: U.S Department of Housing and Urban Development; Office of Policy Development and Research; American Housing Survey 2017