DALLAS (KDAF)— The city of Houston is fantastic, but a new study shows just how stable and growing the city is.
An advisor website, Smart Asset, is helping you navigate Texas’s unstable housing market by listing which cities are best and worst to buy a home. Houston ranked No. 10 on the list.
The study says that Houston home prices have shot up just over 200% without much historical chance of losing value in the last 25 years. This growth and stability is in part supported by the presence of Sysco, Halliburton and Texas Medical Center — the largest medical campus in the world. Houston is also home to a handful of universities.
According to the study, since Dallas-Plano is home to companies like AT&T and Southwest Airlines, and Irving hosts ExxonMobil, the Dallas-Plano area is very attractive for homebuyers. Over the past 25 years, home values have increased by 213% because of these big employers.
Smart Asset researchers said “the Lone Star State dominates. Austin-Round Rock-Georgetown isn’t the only Texas metro area with a strong housing market. Five other metro areas in the Lone Star State rank among the top 10 markets for growth and stability, and 14 of the top 25. All but one of those metro areas saw above-average growth in home prices between 1998 and 2022.”
Check the list of cities with the best to worst stability and growth in the housing market:
- Austin-Round Rock-Georgetown, TX
- Midland, TX
- Boulder, CO
- Fort Collins, CO
- Kennewick-Richland, WA
- Rapid City, SD
- Odessa, TX
- Dallas-Plano-Irving, TX
- San Antonio-New Braunfels, TX
- Houston-The Woodlands-Sugar Land, TX
