With its year-round warm climate, robust economy, and no state income taxes, Texas is an attractive landing spot for new residents — as well as a comfortable place for long-time Texans. Citing statistics from the Census Bureau, nonprofit research institute Texas Public Policy Foundation reported that between mid-2015 and mid-2019, 3.8 million people moved to Texas, pushing its total population to nearly 29 million.
Who wouldn’t want to live in Texas? Residents and newcomers benefit from the Lone Star State’s relatively low cost of living. The state’s cost of living index stood at 92.3, lower than the U.S. average (the U.S. index is 100), and placing it 14th lowest among all states, according to the Missouri Economic Research and Information Center. By comparison, the state with the highest cost of living, Hawaii, had an index of 187.6.
The state’s housing costs index factored to 83.5, making Texas one of the more affordable states to buy a home. Yet not all areas in the state are that affordable, and some Texas cities have pricier home values. Buying a home in the cities listed here will cost homebuyers much more than the state’s median home price tag of $172,500. In fact, these cities have a good percentage of homes valued at $250,000 or higher. Of course, that’s still well below the median U.S. home sales price of $374,900, according to the Federal Reserve Bank of St. Louis, but more than what most homebuyers pay in the Lone Star State.
The city on this list with the lowest percentage of homes valued north of $250,000 is Missouri City in the Houston metro area. There, the median home price is still a more affordable $197,200. (For more places where housing prices are skyrocketing, see cities where home values are rising the fastest.)
The two cities with the highest percentage of homes worth at least $250,000 — Flower Mound and Frisco — sit within the Dallas-Ft. Worth metroplex. The median home value in those two locales is more than $350,000, most likely because each is a suburban city attached to a large and bustling metro area. Number nine on the list is tech-driven Austin, where the median home value is $337,400. With the tech industry attracting newcomers, a population surge has driven up Austin’s housing prices. (Austin is now among the cities where the middle class can no longer afford housing.)
Click here to see the most expensive housing markets in Texas
To identify the most expensive housing markets in Texas, 24/7 Wall St. reviewed data from the U.S. Census Bureau’s 2019 American Community Survey five-year estimates, ranking only census-designated places, cities, and towns with at least 5,000 residents. All data came from the ACS except percent of population change, which we calculated using ACS data.
Source: Larry D. Moore, CC BY-SA 3.0 , via Wikimedia Commons
50. Annetta North, Texas
> Median home value: $441,700
> Homes worth at least $500,000: 42.3% — #44th in Texas
> Median household income: $146,875 — #35th in Texas
> 5-year pop. change: +20.9% — #323rd in Texas
> Population: 567 — #1,199th in Texas
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49. Hebron, Texas
> Median home value: $445,300
> Homes worth at least $500,000: 31.2% — #61st in Texas
> Median household income: $96,250 — #147th in Texas
> 5-year pop. change: -18.3% — #1,420th in Texas
> Population: 388 — #1,330th in Texas
Source: Larry D. Moore, CC BY-SA 3.0 , via Wikimedia Commons
48. Garden Ridge, Texas
> Median home value: $450,800
> Homes worth at least $500,000: 39.6% — #50th in Texas
> Median household income: $137,976 — #47th in Texas
> 5-year pop. change: +8.9% — #547th in Texas
> Population: 3,961 — #473rd in Texas
Source: Larry D. Moore, CC BY-SA 3.0 , via Wikimedia Commons
47. Weston Lakes, Texas
> Median home value: $454,800
> Homes worth at least $500,000: 38.0% — #52nd in Texas
> Median household income: $165,299 — #21st in Texas
> 5-year pop. change: +44.0% — #147th in Texas
> Population: 3,670 — #495th in Texas
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Source: Larry D. Moore, CC BY-SA 3.0 , via Wikimedia Commons
46. Fair Oaks Ranch, Texas
> Median home value: $455,400
> Homes worth at least $500,000: 35.4% — #56th in Texas
> Median household income: $128,398 — #62nd in Texas
> 5-year pop. change: +35.9% — #184th in Texas
> Population: 9,944 — #259th in Texas
Source: Larry D. Moore, CC BY-SA 3.0 , via Wikimedia Commons
45. Bear Creek, Texas
> Median home value: $457,300
> Homes worth at least $500,000: 37.2% — #54th in Texas
> Median household income: $124,167 — #70th in Texas
> 5-year pop. change: -11.5% — #1,325th in Texas
> Population: 360 — #1,354th in Texas
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44. Prosper, Texas
> Median home value: $459,500
> Homes worth at least $500,000: 38.5% — #51st in Texas
> Median household income: $146,733 — #36th in Texas
> 5-year pop. change: +61.5% — #95th in Texas
> Population: 22,517 — #138th in Texas
Source: Larry D. Moore, CC BY-SA 3.0 , via Wikimedia Commons
43. McLendon-Chisholm, Texas
> Median home value: $466,800
> Homes worth at least $500,000: 42.2% — #45th in Texas
> Median household income: $147,542 — #31st in Texas
> 5-year pop. change: +76.0% — #72nd in Texas
> Population: 2,912 — #582nd in Texas
Source: Mick Watson from Atascocita, Texas, CC BY 2.0 , via Wikimedia Commons
42. Double Oak, Texas
> Median home value: $470,500
> Homes worth at least $500,000: 41.5% — #47th in Texas
> Median household income: $144,313 — #41st in Texas
> 5-year pop. change: +1.8% — #848th in Texas
> Population: 3,066 — #554th in Texas
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Source: Renelibrary, CC BY-SA 3.0 , via Wikimedia Commons
41. Argyle, Texas
> Median home value: $471,700
> Homes worth at least $500,000: 45.4% — #40th in Texas
> Median household income: $178,362 — #18th in Texas
> 5-year pop. change: +13.8% — #422nd in Texas
> Population: 4,112 — #463rd in Texas
Source: Larry D. Moore, CC BY-SA 4.0 , via Wikimedia Commons
40. Lakeway, Texas
> Median home value: $472,700
> Homes worth at least $500,000: 44.0% — #42nd in Texas
> Median household income: $132,899 — #50th in Texas
> 5-year pop. change: +14.6% — #399th in Texas
> Population: 15,138 — #191st in Texas
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Source: RoschetzkyIstockPhoto / iStock via Getty Images
39. Cross Roads, Texas
> Median home value: $473,200
> Homes worth at least $500,000: 43.6% — #43rd in Texas
> Median household income: $145,192 — #38th in Texas
> 5-year pop. change: +29.6% — #223rd in Texas
> Population: 1,317 — #872nd in Texas
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Source: RAUL RODRIGUEZ / iStock via Getty Images
38. Tiki Island, Texas
> Median home value: $478,300
> Homes worth at least $500,000: 44.7% — #41st in Texas
> Median household income: $129,583 — #57th in Texas
> 5-year pop. change: +20.4% — #332nd in Texas
> Population: 1,051 — #973rd in Texas
Source: Larry D. Moore, CC BY-SA 3.0 , via Wikimedia Commons
37. Heath, Texas
> Median home value: $484,600
> Homes worth at least $500,000: 46.7% — #39th in Texas
> Median household income: $155,781 — #26th in Texas
> 5-year pop. change: +11.8% — #472nd in Texas
> Population: 8,709 — #278th in Texas
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Source: Jim Evans, CC BY-SA 4.0 , via Wikimedia Commons
36. Round Top, Texas
> Median home value: $500,000
> Homes worth at least $500,000: 50.0% — #38th in Texas
> Median household income: $88,333 — #190th in Texas
> 5-year pop. change: +16.4% — #372nd in Texas
> Population: 85 — #1,607th in Texas
Source: Willjay, CC BY 3.0 , via Wikimedia Commons
35. Lake Tanglewood, Texas
> Median home value: $504,400
> Homes worth at least $500,000: 50.5% — #37th in Texas
> Median household income: $147,000 — #34th in Texas
> 5-year pop. change: +14.0% — #416th in Texas
> Population: 791 — #1,073rd in Texas
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Source: Iheartdfw / Wikimedia Commons
34. Colleyville, Texas
> Median home value: $516,500
> Homes worth at least $500,000: 52.4% — #35th in Texas
> Median household income: $163,509 — #23rd in Texas
> 5-year pop. change: +8.2% — #568th in Texas
> Population: 26,462 — #116th in Texas
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Source: Redsully at English Wikipedia, Public domain, via Wikimedia Commons
33. Hudson Bend, Texas
> Median home value: $521,600
> Homes worth at least $500,000: 51.5% — #36th in Texas
> Median household income: $122,426 — #72nd in Texas
> 5-year pop. change: -21.8% — #1,466th in Texas
> Population: 2,208 — #683rd in Texas
Source: va103 / iStock via Getty Images
32. Brazos Bend, Texas
> Median home value: $540,200
> Homes worth at least $500,000: 56.1% — #34th in Texas
> Median household income: $132,500 — #51st in Texas
> 5-year pop. change: +9.3% — #533rd in Texas
> Population: 366 — #1,351st in Texas
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Source: Larry D. Moore, CC BY-SA 3.0 , via Wikimedia Commons
31. The Hills, Texas
> Median home value: $547,700
> Homes worth at least $500,000: 58.5% — #29th in Texas
> Median household income: $165,179 — #22nd in Texas
> 5-year pop. change: +1.4% — #874th in Texas
> Population: 2,586 — #634th in Texas
Source: Nina Nelson / iStock via Getty Images
30. Parker, Texas
> Median home value: $554,900
> Homes worth at least $500,000: 57.0% — #31st in Texas
> Median household income: $134,495 — #49th in Texas
> 5-year pop. change: +14.7% — #395th in Texas
> Population: 4,722 — #416th in Texas
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Source: Renelibrary, CC BY-SA 4.0 , via Wikimedia Commons
29. Copper Canyon, Texas
> Median home value: $566,500
> Homes worth at least $500,000: 56.8% — #32nd in Texas
> Median household income: $151,250 — #27th in Texas
> 5-year pop. change: -0.6% — #985th in Texas
> Population: 1,121 — #948th in Texas
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28. Bee Cave, Texas
> Median home value: $574,300
> Homes worth at least $500,000: 64.1% — #26th in Texas
> Median household income: $94,509 — #156th in Texas
> 5-year pop. change: +23.9% — #291st in Texas
> Population: 6,642 — #326th in Texas
Source: WhisperToMe, Public domain, via Wikimedia Commons
27. Sunset Valley, Texas
> Median home value: $581,600
> Homes worth at least $500,000: 66.3% — #24th in Texas
> Median household income: $130,625 — #54th in Texas
> 5-year pop. change: -33.3% — #1,563rd in Texas
> Population: 548 — #1,208th in Texas
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Source: Kurt Nordstrom from Ponder, TX, USA, CC BY 2.0 , via Wikimedia Commons
26. Bartonville, Texas
> Median home value: $587,900
> Homes worth at least $500,000: 58.1% — #30th in Texas
> Median household income: $144,950 — #40th in Texas
> 5-year pop. change: -25.8% — #1,510th in Texas
> Population: 1,558 — #811th in Texas
Source: Larry D. Moore, CC BY-SA 3.0 , via Wikimedia Commons
25. Lucas, Texas
> Median home value: $594,400
> Homes worth at least $500,000: 62.5% — #28th in Texas
> Median household income: $160,278 — #25th in Texas
> 5-year pop. change: +24.4% — #282nd in Texas
> Population: 7,763 — #300th in Texas
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24. Volente, Texas
> Median home value: $615,100
> Homes worth at least $500,000: 63.9% — #27th in Texas
> Median household income: $131,094 — #53rd in Texas
> 5-year pop. change: -8.6% — #1,260th in Texas
> Population: 619 — #1,173rd in Texas
Source: Mr.Z-man, CC BY-SA 3.0 , via Wikimedia Commons
23. Terrell Hills, Texas
> Median home value: $617,200
> Homes worth at least $500,000: 56.4% — #33rd in Texas
> Median household income: $181,979 — #17th in Texas
> 5-year pop. change: +4.8% — #684th in Texas
> Population: 5,371 — #384th in Texas
Source: Nightryder84, CC BY-SA 3.0 , via Wikimedia Commons
22. Alamo Heights, Texas
> Median home value: $627,500
> Homes worth at least $500,000: 65.1% — #25th in Texas
> Median household income: $141,048 — #46th in Texas
> 5-year pop. change: +10.3% — #504th in Texas
> Population: 8,374 — #284th in Texas
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Source: Jim Evans, CC BY-SA 4.0 , via Wikimedia Commons
21. Shavano Park, Texas
> Median home value: $664,900
> Homes worth at least $500,000: 74.6% — #23rd in Texas
> Median household income: $204,737 — #14th in Texas
> 5-year pop. change: +13.9% — #421st in Texas
> Population: 3,787 — #486th in Texas
Source: Chriswardster / Public Domain / Wikimedia Commons
20. Southlake, Texas
> Median home value: $676,900
> Homes worth at least $500,000: 80.1% — #20th in Texas
> Median household income: $240,248 — #7th in Texas
> 5-year pop. change: +10.3% — #502nd in Texas
> Population: 31,292 — #104th in Texas
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Source: Daniel Schwen, CC BY-SA 4.0 , via Wikimedia Commons
19. Olmos Park, Texas
> Median home value: $736,700
> Homes worth at least $500,000: 79.4% — #21st in Texas
> Median household income: $148,750 — #29th in Texas
> 5-year pop. change: -7.9% — #1,254th in Texas
> Population: 1,832 — #748th in Texas
Source: Seefrank, CC BY-SA 3.0 , via Wikimedia Commons
18. Lost Creek, Texas
> Median home value: $775,300
> Homes worth at least $500,000: 84.2% — #16th in Texas
> Median household income: $145,000 — #39th in Texas
> 5-year pop. change: -76.0% — #1,663rd in Texas
> Population: 1,099 — #959th in Texas
Source: Daniel Schwen, CC BY-SA 4.0 , via Wikimedia Commons
17. Hill Country Village, Texas
> Median home value: $779,400
> Homes worth at least $500,000: 77.0% — #22nd in Texas
> Median household income: $217,917 — #10th in Texas
> 5-year pop. change: -26.4% — #1,515th in Texas
> Population: 584 — #1,193rd in Texas
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Source: Wikimedia Commons
16. Spring Valley Village, Texas
> Median home value: $789,000
> Homes worth at least $500,000: 92.5% — #10th in Texas
> Median household income: $206,654 — #13th in Texas
> 5-year pop. change: +6.2% — #633rd in Texas
> Population: 4,282 — #447th in Texas
Source: Wiki name / Wikimedia Commons
15. Bellaire, Texas
> Median home value: $842,700
> Homes worth at least $500,000: 80.8% — #18th in Texas
> Median household income: $206,734 — #12th in Texas
> 5-year pop. change: +5.3% — #661st in Texas
> Population: 18,815 — #154th in Texas
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Source: WhisperToMe, Public domain, via Wikimedia Commons
14. Hilshire Village, Texas
> Median home value: $899,700
> Homes worth at least $500,000: 90.6% — #11th in Texas
> Median household income: $177,222 — #19th in Texas
> 5-year pop. change: +20.4% — #334th in Texas
> Population: 875 — #1,036th in Texas
Source: WhisperToMe, Public domain, via Wikimedia Commons
13. West Lake Hills, Texas
> Median home value: $1,001,800
> Homes worth at least $500,000: 89.0% — #13th in Texas
> Median household income: $187,569 — #16th in Texas
> 5-year pop. change: +1.5% — #867th in Texas
> Population: 3,311 — #524th in Texas
Source: MX, CC BY-SA 4.0 , via Wikimedia Commons
12. Rollingwood, Texas
> Median home value: $1,103,100
> Homes worth at least $500,000: 99.4% — #2nd in Texas
> Median household income: $193,750 — #15th in Texas
> 5-year pop. change: -4.4% — #1,165th in Texas
> Population: 1,532 — #818th in Texas
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Source: WhisperToMe / Wikimedia Commons
11. West University Place, Texas
> Median home value: $1,113,500
> Homes worth at least $500,000: 87.5% — #14th in Texas
> Median household income: $250,000+ — #1st(tied) in Texas
> 5-year pop. change: +1.2% — #880th in Texas
> Population: 15,603 — #185th in Texas
Source: kenlund / Flickr
10. Hedwig Village, Texas
> Median home value: $1,193,400
> Homes worth at least $500,000: 80.3% — #19th in Texas
> Median household income: $112,554 — #89th in Texas
> 5-year pop. change: +0.7% — #912th in Texas
> Population: 2,671 — #621st in Texas
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Source: RoschetzkyIstockPhoto / iStock via Getty Images
9. Barton Creek, Texas
> Median home value: $1,281,300
> Homes worth at least $500,000: 94.9% — #7th in Texas
> Median household income: $160,988 — #24th in Texas
> 5-year pop. change: -13.1% — #1,349th in Texas
> Population: 2,930 — #577th in Texas
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Source: Drumguy8800 / Wikimedia Commons
8. University Park, Texas
> Median home value: $1,295,500
> Homes worth at least $500,000: 92.6% — #9th in Texas
> Median household income: $224,485 — #9th in Texas
> 5-year pop. change: +3.9% — #738th in Texas
> Population: 25,036 — #126th in Texas
Source: Public Domain / Wikimedia Commons
7. Bunker Hill Village, Texas
> Median home value: $1,490,300
> Homes worth at least $500,000: 92.9% — #8th in Texas
> Median household income: $247,188 — #5th in Texas
> 5-year pop. change: +2.6% — #806th in Texas
> Population: 3,940 — #474th in Texas
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Source: Ansem27. / Wikimedia Commons
6. Highland Park, Texas
> Median home value: $1,508,900
> Homes worth at least $500,000: 90.5% — #12th in Texas
> Median household income: $211,136 — #11th in Texas
> 5-year pop. change: +2.8% — #784th in Texas
> Population: 9,168 — #271st in Texas
Source: WhisperToMe / Wikimedia Commons
5. Southside Place, Texas
> Median home value: $1,563,300
> Homes worth at least $500,000: 95.3% — #4th in Texas
> Median household income: $250,000+ — #1st(tied) in Texas
> 5-year pop. change: -6.2% — #1,212th in Texas
> Population: 1,652 — #784th in Texas
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4. Westover Hills, Texas
> Median home value: $1,595,600
> Homes worth at least $500,000: 95.2% — #5th in Texas
> Median household income: $245,833 — #6th in Texas
> 5-year pop. change: -13.1% — #1,348th in Texas
> Population: 553 — #1,204th in Texas
Source: Renelibrary, CC BY-SA 4.0 , via Wikimedia Commons
3. Westlake, Texas
> Median home value: $1,741,800
> Homes worth at least $500,000: 84.6% — #15th in Texas
> Median household income: $227,083 — #8th in Texas
> 5-year pop. change: -9.9% — #1,285th in Texas
> Population: 983 — #993rd in Texas
Source: Tomfullen / Wikimedia Commons
2. Hunters Creek Village, Texas
> Median home value: $1,744,500
> Homes worth at least $500,000: 95.1% — #6th in Texas
> Median household income: $250,000+ — #1st(tied) in Texas
> 5-year pop. change: +4.4% — #707th in Texas
> Population: 4,825 — #410th in Texas
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Source: WhisperToMe / Public Domain / Wikimedia Commons
1. Piney Point Village, Texas
> Median home value: $1,912,000
> Homes worth at least $500,000: 95.6% — #3rd in Texas
> Median household income: $250,000+ — #1st(tied) in Texas
> 5-year pop. change: +4.7% — #691st in Texas
> Population: 3,425 — #513th in Texas
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