House prices in the second most populous state in the United States, Texas, have increased more than two-fold since 2011. In 2023, the median house price reached 335,100 U.S. dollars, a decrease of 1.4 percent from the previous year. Texas is one of the more affordable states for buying a home with house prices below the national average.

The average price per square foot of floor space in new single-family housing in the United States decreased after the great financial crisis, followed by several years of stagnation. Since 2012, the price has continuously risen, hitting 168 U.S. dollars per square foot in 2022. In 2024, the average sales price of a new home exceeded 500,000 U.S. dollars. Development of house sales in the U.S. One of the reasons for rising property prices is the gradual growth of house sales between 2011 and 2020. This period was marked by the gradual recovery following the subprime mortgage crisis and a growing housing sentiment. Another significant factor for the housing demand was the growing number of new household formations each year. Despite this trend, housing transactions plummeted in 2021, amid soaring prices and borrowing costs. In 2021, the average construction cost for single-family housing rose by nearly 12 percent year-on-year, and in 2022, the increase was even higher, at close to 17 percent. Financing a house purchase Mortgage interest rates in the U.S. rose dramatically in 2022 and remained elevated until 2024. In 2020, a homebuyer could lock in a 30-year fixed interest rate of under three percent, whereas in 2024, the average rate for the same mortgage type was more than twice higher. That has led to a decline in homebuyer sentiment, and an increasing share of the population pessimistic about buying a home in the current market.

Graph and download economic data for All-Transactions House Price Index for Harris County, TX (ATNHPIUS48201A) from 1975 to 2024 about Harris County, TX; Houston; HPI; TX; housing; price index; indexes; price; and USA.

Graph and download economic data for All-Transactions House Price Index for Houston-The Woodlands-Sugar Land, TX (MSA) (ATNHPIUS26420Q) from Q1 1976 to Q4 2024 about Houston, appraisers, HPI, TX, housing, price index, indexes, price, and USA.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in Texas (MEDLISPRIPERSQUFEETX) from Jul 2016 to Feb 2025 about square feet, listing, TX, median, price, and USA.

Graph and download economic data for S&P CoreLogic Case-Shiller TX-Dallas Home Price Index (DAXRNSA) from Jan 2000 to Jan 2025 about Dallas, HPI, TX, housing, price index, indexes, price, and USA.

In the United States, Hawaii was the state with the most expensive housing, with the typical value of single-family homes in the 35th to 65th percentile range exceeding 981,000 U.S. dollars. Unsurprisingly, Hawaii also ranked top as the state with the highest cost of living. Meanwhile, a property was the least expensive in West Virginia, where it cost under 167,000 U.S. dollars to buy the typical single-family home. Single-family home prices increased across most states in the United States between December 2023 and December 2024, except in Louisiana, Florida, and the District of Colombia. According to the Federal Housing Association, house appreciation in 13 states exceeded nine percent in 2023.

Graph and download economic data for All-Transactions House Price Index for Travis County, TX (ATNHPIUS48453A) from 1975 to 2024 about Travis County, TX; Austin; HPI; TX; housing; price index; indexes; price; and USA.

In 2024, the average value of U.S. farm real estate was 4,170 U.S. dollars per acre. Compared to one decade earlier, the value has increased by almost 40 percent. Generally, the value of U.S. farm real estate has had an upward trend since 1970. U.S. farms The number of farms in the United States has conversely been decreasing each year, reaching about two million farms as of 2022. That year, Texas had the most farms out of any other U.S. state by far, with about 246,000 farms. Missouri and Iowa had the second and third most farms, though neither state exceeded 100,000 farms. Agricultural trade Agricultural products encompass any products from agricultural origin that are meant for human consumption or animal feed. Agricultural products can include livestock products or crops. In 2022, the U.S. exported about 196.4 billion U.S. dollars’ worth of agricultural goods worldwide, increasing from the previous several years. Mexico is a key destination for U.S. agricultural products and imported just over 28 billion dollars’ worth in 2022, more than Europe and Eurasia combined.

Graph and download economic data for Housing Inventory: Median Listing Price in Denton County, TX (MEDLISPRI48121) from Jul 2016 to Feb 2025 about Denton County, TX; Dallas; listing; TX; median; price; and USA.

Graph and download economic data for All-Transactions House Price Index for Bexar County, TX (ATNHPIUS48029A) from 1975 to 2024 about Bexar County, TX; San Antonio; HPI; TX; housing; price index; indexes; price; and USA.

Graph and download economic data for All-Transactions House Price Index for McAllen-Edinburg-Mission, TX (MSA) (ATNHPIUS32580Q) from Q4 1986 to Q4 2024 about Mcallen, appraisers, HPI, TX, housing, price index, indexes, price, and USA.

Graph and download economic data for All-Transactions House Price Index for Ellis County, TX (ATNHPIUS48139A) from 1976 to 2024 about Ellis County, TX; Dallas; HPI; TX; housing; price index; indexes; price; and USA.

Graph and download economic data for Rental Vacancy Rate for Texas (TXRVAC) from 1986 to 2024 about vacancy, rent, TX, rate, and USA.

The monthly median asking rent for unfurnished apartments in the United States declined by about 74 U.S. dollars between in 2023. In the fourth quarter of 2023, the median rent amounted to 1,751 U.S. dollars, down from 1,825 U.S. dollars in 2022. This decrease followed a decade of steady growth, interrupted only in 2020 during the COVID-19 pandemic. The U.S. rental market As rental apartment vacancy rates fall, rents are on the rise. This makes it more difficult for Americans to, first, find an apartment to rent, and second, find an apartment which they can afford. Nevertheless, renting has become much more common in recent years, with the number of renter households having substantially increased in the past two decades. In 2023, there were approximately 45 million renter households in the U.S. Rents in different states Of course, rents vary from state to state. The most expensive rents are found in Hawaii, California, District of Colombia, New Jersey, and Florida. Following the COVID-19 pandemic, growth was the strongest in the Sun Belt states, and especially in states with lower costs of living, such as Texas. In Austin, TX, the average rent soared by nearly 26 percent in 2021, and remained elevated, despite a slight decline in 2023.