Most expensive homes in Texas reach $2.7M, Houston-metro city makes list: Stacker
HOUSTON - Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.
The typical home value in the United States was $360,310 in May, 3.9% higher than the year before.
SUGGESTED: Texas homes sell under list price in these counties, according to Stacker
High mortgage rates are also making monthly payments more expensive; as of July 3, the 30-year fixed mortgage rate sits at 6.95%.
Although home prices have inflated all across the U.S., some cities command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
DOWNLOAD THE FOX 26 HOUSTON APP BY CLICKING HERE
Stacker compiled a list of cities with the most expensive homes in Texas using data from Zillow. Cities are ranked by the Zillow Home Values Index for all homes as of May 2024. The charts in this story were created automatically using Matplotlib.
Metros with the most cities in the top 30 in Texas
#1. Dallas-Fort Worth-Arlington, TX: 12
#2. Austin-Round Rock-Georgetown, TX: 7
#3. San Antonio-New Braunfels, TX: 5
#4. Houston-The Woodlands-Sugar Land, TX: 2
#1. Westlake
- Typical home value: $2,785,322
- 1-year price change: +11.0%
- 5-year price change: +79.7%
- Metro area: Dallas-Fort Worth-Arlington, TX
#2 Highland Park
- Typical home value: $2,663,391
- 1-year price change: +14.6%
- 5-year price change: +81.2%
- Metro area: Dallas-Fort Worth-Arlington, TX
#3. Rollingwood
- Typical home value: $2,575,177
- 1-year price change: -1.6%
- 5-year price change: +103.0%
- Metro area: Austin-Round Rock-Georgetown, TX
#4. Westover Hills
- Typical home value: $2,461,120
- 1-year price change: +17.9%
- 5-year price change: +56.9%
- Metro area: Dallas-Fort Worth-Arlington, TX
#5. University Park
- Typical home value: $2,240,672
- 1-year price change: +12.2%
- 5-year price change: +71.5%
- Metro area: Dallas-Fort Worth-Arlington, TX
#6. West Lake Hills
- Typical home value: $2,150,122
- 1-year price change: -4.0%
- 5-year price change: +79.1%
- Metro area: Austin-Round Rock-Georgetown, TX
#7. Bartonville
- Typical home value: $1,365,695
- 1-year price change: +9.3%
- 5-year price change: +79.2%
- Metro area: Dallas-Fort Worth-Arlington, TX
#8. Lost Creek
- Typical home value: $1,361,693
- 1-year price change: -5.2%
- 5-year price change: +72.1%
- Metro area: Austin-Round Rock-Georgetown, TX
#9. Southlake
- Typical home value: $1,260,251
- 1-year price change: +7.5%
- 5-year price change: +72.6%
- Metro area: Dallas-Fort Worth-Arlington, TX
#10. Round Top
- Typical home value: $1,241,083
- 1-year price change: +4.5%
- 5-year price change: +88.8%
- Metro area: not in a metro area
#11. Hill Country Village
- Typical home value: $1,239,420
- 1-year price change: +3.6%
- 5-year price change: +50.7%
- Metro area: San Antonio-New Braunfels, TX
#12. Parker
- Typical home value: $1,083,793
- 1-year price change: +5.4%
- 5-year price change: +69.6%
- Metro area: Dallas-Fort Worth-Arlington, TX
#13. Bellaire
- Typical home value: $1,081,171
- 1-year price change: +6.2%
- 5-year price change: +25.4%
- Metro area: Houston-The Woodlands-Sugar Land, TX
#14. Lucas
- Typical home value: $1,072,228
- 1-year price change: +4.6%
- 5-year price change: +69.9%
- Metro area: Dallas-Fort Worth-Arlington, TX
#15. Sunset Valley
- Typical home value: $1,028,745
- 1-year price change: -1.7%
- 5-year price change: +54.8%
- Metro area: Austin-Round Rock-Georgetown, TX