Housing

California vs Texas: Home Value to Income Ratio

Texas has a lower home value to income ratio than California.

California

CA · West

8.25x

Median home value divided by median household income.

Texas

TX · South

Winner

4.40x

Median home value divided by median household income.

Visual comparison

California8.25x

Texas4.40x

Difference: 3.85x — Texas leads.

National Rankings

Where They Rank Nationally

See where both states fall among all 50 states for home value to income ratio.

California #49 · 8.25x

Texas #36 · 4.40x

Best Worst

10 Best States — Home Value to Income Ratio

Lower is better

West Virginia

2.38x

Iowa

2.46x

Kansas

2.78x

Mississippi

2.87x

Ohio

2.93x

Nebraska

2.94x

Arkansas

2.96x

Kentucky

2.97x

North Dakota

2.98x

#10

Indiana

3.00x

Selected states

#49

California

8.25x

#36

Texas

4.40x

California ranks 49th and Texas ranks 36th nationally for home value to income ratio.

Related context

Home Affordability Ratios

A price-to-income ratio above 4× is stretched; above 6× is considered severely unaffordable.

MetricCaliforniaTexas

Median Home Value $693,700 $294,400 Median Household Income $84,097 $66,963 Property Tax Rate 0.70% 1.49% Rent-to-Income Ratio 26.5% 22.1%

What this means