Affordable Homes
Avenue is a trusted industry and community leader
Houston’s median sales price increased to nearly $360,000 in 2022 and demand for single-family homes, which represent the vast majority of the market, is driving up prices and keeping inventory low. Locally, the median renter household faced an affordability gap of $172,067 — meaning the median home price in the Houston area was more than $170,000 more than renters could afford.*
Affordable Housing /əˈfɔːr.də.bəl ˈhaʊ.zɪŋ/noun.
Any type of housing, including rental or individually owned, that costs less than 30% of a household’s pre-tax income.
The Importance of Affordable Homes
Having a decent and affordable home is vital for both mental and physical health. When we feel secure in our homes, we can focus better at work and contribute more positively to our community and economy. Avenue’s rental properties provide stable and affordable living options for families, with services available on-site for both adults and children.
Affordable Housing with Avenue
In today’s changing housing market, Avenue is working hard to create more affordable homes for both families and individuals. We build new single-family and multi-family homes that people can buy or rent at reasonable prices.
Helping You Become a Homeowner
Our aim is to help people become long-term homeowners. We do this through the NeighborWorks Homeownership Center, which offers services like homebuyer education, counseling, and realty services. These resources not only help individuals buy homes but also improve the neighborhoods they live in.
We have a strong history of helping people in Houston improve their finances. We assist them in boosting their credit scores, saving more money, and reducing debt. This all brings them closer to owning their dream homes.
Trust and Community
Whether you are looking to buy, sell, or rent a home, or if you are a partner in the housing industry, Avenue is a reliable leader in both the industry and the community.