6 minute read • Graham Lumley • Last update October 2024
They say everything is bigger in Texas. That often includes the size of our homes, as Texans typically own bigger properties than many other Americans.
But how much does a house cost in Texas? The good news is that more space doesn’t necessarily equate to higher Texas housing prices. In fact, the Lone Star State ranks 22nd for median sale price despite ranking 11th for median house size.
Are you moving to Texas and looking to learn more about the housing market? Then you’re in the right place! Here’s everything you need to know.
As in other states, housing prices in Texas are not static. Instead, they are influenced by a range of factors, which typically include:
So, how do these factors influence home prices in Texas? The state’s housing market is characterized by a robust economy and a growing population. There are many great reasons to move to Texas, which contributes to an influx of around 395,000 new residents each year. However, the hot summers and variable winter weather also make the Lone Star State prone to unpredictable conditions. Thus, many variables interplay.
Let’s dig into some details to find out more. According to the Texas Real Estate Research Center:
Of course, generally speaking, property prices will always rise over time. However, percentage increases vary from month to month.
A diverse economy, varied cultural offerings, and plentiful job opportunities in key industries like healthcare, technology, and aerospace are just a few reasons people are moving to Houston.
Houston home prices range from $220,000-$665,000 between neighborhoods. Cheaper areas include Great Inwood, Mid West, Sunnyside, and Alief, while pricier suburbs include Greater Heights, Memorial, Garden Oaks, and Montrose.
D Town’s dynamic job market, vibrant arts scene, and excellent schools make it one of the most desirable cities for families and professionals alike. However, if you’re considering moving to Dallas, it’s essential to know that home prices vary considerably between neighborhoods.
Dallas home prices can be as low as $170,000 in cheaper suburbs like Vickery, Bertrand, and Wolf Creek. In highly desirable areas like Greenway Park, Lakewood Park, and Preston Hollow, prices can reach between $1.2 million and $2.2 million.
The state capital is predominantly known for its music and nightlife scene, scenic parks and lakes, and burgeoning tech industry. As Austin’s population continues to rise, the real estate market has become increasingly competitive, and many buyers find themselves competing in multiple offers.
Austin home prices range between $349,500 and $2.6 million. More affordable housing is available in suburbs like West Campus, Bluff Springs, and Slaughter. However, you can expect to pay seven-figure sums in neighborhoods like Barton Hills, River Place, and Tarrytown.
San Antonio is known for its friendly community and fiesta scene. It’s also a haven for BBQ and Tex-Mex lovers and is widely regarded as the birthplace of the breakfast taco. It has a metro area with a lower cost of living than most other cities nationwide, making it an attractive location for first-time buyers.
Properties regularly sell here for considerably less than the average house in Texas. The most affordable neighborhoods include Prospect Hill, Eastlawn, and Highland Hills, while Downtown, Northwood, and Stone Oak locations have a higher price tag. You can expect to pay anything between $150,000-$627,000.
Corpus Christi is known as America’s ‘birdies’ city. Its beautiful beaches and relaxed lifestyle make it an excellent choice for those seeking a balance between urban and coastal living. Most residents own their homes, so demand can be high, although listing prices are generally reasonable.
Corpus Christi defies the usual trend for Texas home prices, as Downtown and Westside listings are the lowest, whereas Southside and Mustang Island locations on the coast have a higher median price. Newly listed homes typically range between $139,000-$417,500.
Another of Texas’ cities renowned for its friendly community and low housing costs, Abilene is an excellent option for first-time buyers. It’s also a very walkable city and is home to plenty of local history, excellent cuisine, and year-round family attractions.
Active listings in Abilene are lower than many other house rates in Texas, with homes selling
for as little as $112,000 in North College. Even in pricier districts like Far Southside and Lytle Area, sales prices rarely reach the $400,000 mark.
With a consistent population growth of around 1.11% annually, Lubbock is home to a vibrant cultural scene. Its many colleges and universities contribute to a youthful and diverse vibe. People moving to Lubbock are typically those looking for a small-town feel with city amenities.
Home prices in Lubbock start significantly below the average home price in Texas, with some realtors listing Arnett Benson properties for as little as $85,000. Even more desirable areas like Maedgen, Preston Smith, and Raintree tend to have a low median home price of around $215,000-$240,000. The most expensive neighborhood is Regal Park.
Odessa and Midland are at the center of the oil boom in the Permian Basin. As such, this region thrives on the petroleum industry and regularly attracts buyer demand from oil industry workers searching for a conveniently located slice of Texas real estate.
Prices for houses and mortgages vary considerably. Sellers in Grassland Estates and Green Tree North usually post new listings between $645,000 and $797,000. However, more options exist for lower-priced properties in areas like Wildwood, Permian Estates, and Wiltshire Park, where even the highest median home price is still under $300,000.
Home to the Concho River Walk with its extensive walking trails, gardens, and parks, San Antonio’s rich history and strong sense of community make it one of the safest Texan cities for families and retirees alike. Although it has a small population compared to most other locations on this list, the pace of economic growth makes it an attractive base for businesses.
Homes are often bought and sold in San Antonio for less than in other regions of Texas. The average house price ranges from $124,000 to $450,000. However, only two of the city’s suburbs (Nasworthy and Country Club) regularly sustain sales listings over $400,000.
The Census Bureau data reveals El Paso’s population to be under 700,000, making it one of the state’s smaller cities. Known for its rich border culture with heavy Mexican influence, El Paso is a vibrant, binational community where good food and cultural fusion are intertwined into everyday life.
In highly desirable, central neighborhoods like Bear Ridge and Thunderbird, sale prices are typically close to $550,000. However, in outer suburbs like Mountain View and Morningside Heights, the average house price drops down to as little as $184,000 to $204,000.
You’ll need to thoroughly weigh the pros and cons of living in Texas before reaching a decision on where to buy your new home. However, your research shouldn’t stop once you have a firm understanding of Texas housing prices in your preferred area. Here are a few additional considerations to be aware of:
Additionally, you’ll need to accrue ample savings to ensure you can afford all the outlays associated with buying a house in Texas. Examples include your down payment, realtor fees, attorney fees, title insurance, closing costs, and property taxes.
As you navigate the exciting journey of homeownership in Texas, it’s essential to consider every aspect of your financial commitment, including your electricity costs.
At BKVE, we offer affordable, fixe-rate Texas electricity plans with competitive rates designed to save you money, allowing you to focus more on enjoying your new home. Whether you’re embracing downtown living or suburban bliss, our customer-centric approach ensures you receive the best service possible.
Enter your zip code to compare your options today. Your perfect energy plan is just a click away!
