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    plan ahead

    Houston first-time buyers must earn this much to afford a starter home in 2023

    Amber Heckler
    Aug 23, 2023 | 11:45 am
    home interior kitchen dining 6520 Summer Pass Dr. houston

    A new study reveals what first-time home buyers need to purchase homes like this, which cost around $247,000.

    Photo via HAR

    A new income analysis by online real estate brokerage company Redfin has revealed just how much money a potential homeowner needs to make in 2023 to afford a "starter home" in Houston. Lately, home ownership is a concept that's becoming seemingly less attainable with rising mortgage rates and increased competition among buyers.

    The report revealed that first-time homebuyers need to earn $57,513 annually to afford home in Houston this year, which is 13.9 percent more income than what was required in 2022.

    It's also $6,893 below the national average. According to Redfin, the average salary needed for a typical starter home in the United States is $64,403, about 13 percent more than a year ago.

    These findings further confirm that affordability is one of the biggest struggles for potential buyers in the current real estate market. Median sale prices for starter homes in Houston are sitting at $217,000, and median mortgage payments are about $1,438 a month, the report said.

    Redfin senior economist Sheharyar Bokhari said in the report that it's a "wild goose chase" for homebuyers seeking their first home in the current market.

    "The most affordable homes for sale are no longer affordable to people with lower budgets due to the combination of rising prices and rising rates," said Bokhari. "That’s locking many Americans out of the housing market altogether, preventing them from building equity and ultimately building lasting wealth. People who are already homeowners are sitting pretty, comparatively, because most of them have benefited from home values soaring over the last few years."

    Bokhari predicted the wealth gap between current and potential owners could become "even more drastic" if current trends continue.

    Buyers looking elsewhere in the state might find some success. Even though the income necessary to afford a San Antonio home has risen by 18.7 percent, that only amounts to $55,657.

    A first-time homebuyer would need to make $64,933 to afford a home in Fort Worth, which is 14.4 percent more than in 2022. In Dallas, potential homeowners saw a 10.6 percent increase in income needed to afford a home, making it the city with the second highest income required out of all Texas cities in the report: $72,885.

    Potential homeowners in Austin saw a 3.3 percent decrease in income needed to afford a home, but it's still the highest income required out of all Texas cities in the report: $92,057.

    The full report can be found on redfin.com.

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    rustic ranch livin'

    17-acre Hill Country ranch with stunning views listed for $3.7M

    Amber Heckler
    Nov 6, 2026 | 9:00 am
    HC Carter Camphouse property for sale in Dripping Springs, Spanish-style main house exterior
    Photo courtesy of Republic Ranches
    The 17-acre ranch is located at 1601 Creek Rd. in Dripping Springs.

    A spacious property for sale in the bustling Austin suburb of Dripping Springs is now offering just over 17 acres of land for $3.7 million.

    The HC Carter Camphouse, located at 1601 Creek Road, presents a rare opportunity for its next owners to live less than two miles from downtown Dripping Springs. The 17.03-acre ranch was once part of a much larger, 205-acre ranch that contained "one of the finest Longhorn cattle herds in Texas," according to the listing description.

    The property features two renovated homes: a two-bedroom, two-bathroom, Spanish-style main house that was originally built in 1956; and a restored "Pioneer Cabin" that was built in the mid-to-late 1800's and currently serves as the guest house.

    The primary home has a gated stone courtyard with a water fountain, and a tiled wraparound porch overlooking the front yard and in-ground fire pits. Terracotta tile runs throughout the interior of the home, and rustic wood details cohesively tie the rooms together. The spacious primary bedroom features wide French doors that open to the front porch, a high angled wood panel ceiling, and a Santa Fe-style fireplace.

    HC Carter Camphouse property for sale in Dripping Springs, main house primary bedroom The fire place in the primary bedroom will be very handy during the winter.Photo courtesy of Republic Ranches

    The restored cabin maintains its vintage charm with stone flooring, all-wood ceilings, log beams, and antique furnishings. The home contains two bedrooms with window AC units, two fireplaces, "working bathrooms," and a kitchen.

    Onion Creek runs through the property to provide stunning Hill Country views and a barrier of separation from Creek Rd. However, it also means a majority of the land south of the creek — including the areas where both homes sit — is in a FEMA 100-year floodplain and a Dripping Springs localized floodplain. The property's survey map fills in the details.

    "The property has approximately 1,600 feet of frontage on Onion Creek, providing year-round water, and stunning views of the creek," the listing says. "The creek has never gone dry on this part of the creek since the owners have owned the property."

    The ranch first entered the market in late July as a 9.999-acre parcel of land, but the listing has since been updated to add 7.031 more acres in an adjoining lot. The land addition improves the property's privacy, nearly doubles the Onion Creek frontage, and increases the size of the "most probable new home site location," according to the listing. The expansion also effectively reduces the price-per-acre by a third.

    HC Carter Camphouse property for sale in Dripping Springs, Spanish-style main house exterior

    Photo courtesy of Republic Ranches

    The 17-acre ranch is located at 1601 Creek Rd. in Dripping Springs.

    Whoever purchases the ranch will also become the owners of an additional one-acre lot located "outside of, but contiguous to" the 9.999-acre lot. This portion of land is leased to the property's caretaker, who previously managed the original 205-acre ranch for 25 years. The listing specifies that the caretaker "does not have the right to sell this 1 acre, which will revert to the owner in case of his death."

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