Burdensome regulation coupled with tax-and-spend policies has led to a housing affordability crisis in Texas.
Key points:
- In the last four years, the median housing price in Texas has outpaced the income of Texas families.
- Property taxes play a large role in the costs of housing and at a rate of 1.66%, Texas has the 6th highest effective property tax in the nation.
- Municipal ordinances regulating housing density lower the housing supply and drive up the price.