Here are some metro areas in Texas with the highest concentration of expensive homes, based on various sources:

Top Metro Areas by Average Home Value:

  1. Austin-Round Rock, TX: This vibrant tech hub boasts several suburbs with luxury homes and stunning scenery, contributing to an average home value of $724,193.
  2. Dallas-Fort Worth-Arlington, TX: This economic powerhouse features affluent suburbs like Highland Park, University Park, and Westlake Hills, pushing its average home value to $601,276.
  3. San Antonio-New Braunfels, TX: This growing metro offers a blend of city amenities and Hill Country charm, attracting affluent residents who drive up the average home value to $470,160.
  4. Houston-The Woodlands-Sugar Land, TX: This energy capital features established and up-and-coming affluent communities like Bellaire, River Oaks, and The Woodlands, contributing to an average home value of $462,690.
  5. El Paso, TX: While not typically associated with luxury, El Paso’s Westside features sprawling estates and affluent residents, boosting the average home value to $423,742.

Top Metro Areas by Zillow Home Values Index (October 2023):

  1. Austin-Round Rock, TX: With a Zillow Home Values Index of $720,518, Austin continues to dominate the list, driven by high demand and limited inventory.
  2. Dallas-Fort Worth-Arlington, TX: This metro retains its second place with a Zillow Home Values Index of $595,651, fueled by its diverse economy and affluent communities.
  3. San Antonio-New Braunfels, TX: Closing the gap slightly, San Antonio-New Braunfels comes in third with a Zillow Home Values Index of $465,187, reflecting its growing appeal.
  4. Houston-The Woodlands-Sugar Land, TX: Houston holds its fourth position with a Zillow Home Values Index of $454,421, showcasing its established wealth and burgeoning luxury markets.
  5. Corpus Christi-Kingsville, TX: This coastal metro area surprisingly makes an appearance with a Zillow Home Values Index of $433,304, likely due to rising demand for waterfront properties.

Remember:

  • These rankings are based on current data and can change over time.
  • Metro areas can encompass diverse neighborhoods with varying price ranges.
  • Individual cities within these metro areas may have even higher concentrations of expensive homes.

Rock Properties Realtors® live, work and office in the Austin-Round Rock MSA, near Cedar Park, Georgetown, Hutto, Leander, Liberty Hill, Pflugerville and Taylor. If you are buying or selling real estate, including residential, commercial property or land, Rock Properties will provide you excellent service based on 20 years of real estate experience in and around Williamson County Texas. Call us at 512-850-4510.