Homeowners in Sugar Land are among the most “house rich” in the United States, according to a new report from All Star Home.
Using data from the U.S. Census Bureau, the homeownership website analyzed the median value of owner-occupied housing units and compared that to median household income to determine the most house rich areas in the country based on each city’s home-value-to-income ratio. Nationwide, the home-value-to-income ratio is 3.33; the lower the score, the more affordable an area is relative to income.
Sugar Land ranked No. 3 overall, with a home-value-to-income ratio of 2.78 and an owner-occupied housing unit rate of 80.9% — meaning just over 80% of housing units are occupied by the people who own them — the city ranked as one of the most house rich in the country.
Nearby League City also made it into the top 10 at No. 7 — while a slightly smaller proportion of residents own the units they live in at 74.4%, income is more closely matched to home values at a 2.44 home-value-to-income ratio.