NEW YORK – A study by SmartAsset found 12 of the 20 best U.S. housing markets for growth and stability are in Texas, with Austin-Round Rock-Georgetown taking the top spot.
“The Austin-Round Rock-Georgetown metro area ranks No. 1 overall, thanks in large part to home values that have skyrocketed in the last 25 years,” according to SmartAsset. “But home prices aren’t the only thing growing: The population has nearly doubled in the last 20 years, in part thanks to the presence of large tech companies—including Apple, Amazon, and Tesla—supporting the local economy.”
Midland ranked second on the list, and Odessa, Dallas-Plano-Irving, San Antonio-New Braunfels, and Houston-The Woodlands-Sugar Land rounded out the top ten.
Other Texas cities in the top 20 were Waco, Fort Worth-Arlington-Grapevine, San Angelo, College Station-Bryan, Sherman-Denison, and Abilene.
To compile its list, SmartAsset compared home value data for 400 metropolitan areas between 1998 and 2022, calculating cumulative increases during that time, as well as the frequency of significant drops in value.