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.

House prices in the second most populous state in the United States, Texas have doubled since 2011. In 2023, the average house price reached 174.3 U.S. dollars per square foot, up from approximately 141 U.S. dollars in 2020. Despite the increase, the median home price was still below the national average.

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.

House prices in the Dallas-Fort Worth-Arlington metropolitan area have increased more than two-fold since 2011. In 2023, the median house price reached 395,000 U.S. dollars, down by about 1.3 percent from 2022. This was much higher than the average house price in Texas.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Dallas-Fort Worth-Arlington, TX (CBSA) (MEDLISPRIPERSQUFEEMM19100) from Jul 2017 to Feb 2025 about Dallas, square feet, listing, TX, median, price, and USA.

House prices in the Austin-Round Rock metropolitan area have increased more than two-fold since 2011. In 2023, the median house price reached 450,000 U.S. dollars, down by about 10.4 percent from 2022. This was substantially higher than the average house price in Texas.

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.

House prices in the San Antonio-New Braunfels metropolitan area have doubled since 2011. In 2023, the median house price reached approximately 312,000 U.S. dollars, down by 2.5 percent from 2022. This was below the average house price for Texas.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in Lubbock, TX (CBSA) (MEDLISPRIPERSQUFEE31180) from Jul 2016 to Feb 2025 about Lubbock, square feet, listing, TX, median, price, and USA.

Graph and download economic data for All-Transactions House Price Index for Denton County, TX (ATNHPIUS48121A) from 1975 to 2024 about Denton County, TX; Dallas; HPI; TX; housing; price index; indexes; price; and USA.

House prices in the Houston-The Woodlands-Sugar Land metropolitan area have almost doubled since 2011. In 2023, the median house price reached 330,000 U.S. dollars, down by 1.5 percent from 2022. This was close to the average house price in Texas.

VITAL SIGNS INDICATOR Home Prices (EC7)

FULL MEASURE NAME Home Prices

LAST UPDATED August 2019

DESCRIPTION Home prices refer to the cost of purchasing one’s own house or condominium. While a significant share of residents may choose to rent, home prices represent a primary driver of housing affordability in a given region, county or city.

DATA SOURCE Zillow Median Sale Price (1997-2018) http://www.zillow.com/research/data/

Bureau of Labor Statistics: Consumer Price Index All Urban Consumers Data Table (1997-2018; specific to each metro area) http://data.bls.gov

CONTACT INFORMATION vitalsigns.info@bayareametro.gov

METHODOLOGY NOTES (across all datasets for this indicator) Median housing price estimates for the region, counties, cities, and zip code come from analysis of individual home sales by Zillow. The median sale price is the price separating the higher half of the sales from the lower half. In other words, 50 percent of home sales are below or above the median value. Zillow defines all homes as single-family residential, condominium, and co-operative homes with a county record. Single-family residences are detached, which means the home is an individual structure with its own lot. Condominiums are units that you own in a multi-unit complex, such as an apartment building. Co-operative homes are slightly different from condominiums where the homeowners own shares in the corporation that owns the building, not the actual units themselves.

For metropolitan area comparison values, the Bay Area metro area’s median home sale price is the population-weighted average of the nine counties’ median home prices. Home sales prices are not reliably available for Houston, because Texas is a non-disclosure state. For more information on non-disclosure states, see: http://www.zillow.com/blog/chronicles-of-data-collection-ii-non-disclosure-states-3783/

Inflation-adjusted data are presented to illustrate how home prices have grown relative to overall price increases; that said, the use of the Consumer Price Index does create some challenges given the fact that housing represents a major chunk of consumer goods bundle used to calculate CPI. This reflects a methodological tradeoff between precision and accuracy and is a common concern when working with any commodity that is a major component of CPI itself.

Graph and download economic data for Housing Inventory: Median Listing Price in Houston-the Woodlands-Sugar Land, TX (CBSA) (MEDLISPRI26420) from Jul 2016 to Feb 2025 about Houston, listing, TX, median, price, and USA.

Condos in the Austin-Round Rock metro in Texas sold for the median price of 443,000 U.S. dollars in June 2022, making it the most expensive metro for condo purchases in the state. In San Antonio-New Braunfels, on the other hand, the median price of condominiums was much lower, at 176,000 U.S. dollars. Statewide, condos sold for the median price of 265,000 U.S. dollars.

Graph and download economic data for Housing Inventory: Average Listing Price Year-Over-Year in Del Rio, TX (CBSA) (AVELISPRIYY19620) from Jul 2017 to Feb 2025 about Del Rio, average, listing, TX, price, and USA.

Austin-Round Rock metros had the highest average sales price for condos and townhouses in 2022. The average square footage price of a condo in this metro was 429 U.S. dollars, compared to 104 U.S. dollars per square foot in McCallen-Edinburg-Mission metro. In the same year the median house price in Austin-Round Rock metros was 450,000 U.S. dollars.

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.

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 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.

In Texas, Austin was the most expensive market for office space in the second quarter of 2024. The rental rate of class A offices was nearly 52 U.S. dollars per square foot, compared to 26 U.S. dollars per square foot for El Paso. Dallas, which is the largest office real estate market in the state, had rental rates of about 30.3 U.S. dollars for all classes and 35.7 U.S. dollars for class A offices. In the United States, Manhattan, San Francisco, and Silicon Valley-South Bay fetch the highest office rental rates.