(Stacker) –The average home in Texas has a value of $315,000, but there are plenty of neighborhoods and towns where the typical home price soars over $1 million.
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 September 2022.
The charts in this story were created automatically using Matplotlib. The most expensive city on the list has a typical home value of $2,536,509 which is 703% higher than the state average of $315,815.
Metros with the most cities in the top 30 in Texas:
- Austin-Round Rock-Georgetown, TX: 12
- Dallas-Fort Worth-Arlington, TX: 11
- San Antonio-New Braunfels, TX: 4
- Houston-The Woodlands-Sugar Land, TX: 1
Read on to see which cities made the list.
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#30. Double Oak
– Typical home value: $833,704
– 1-year price change: +17.2%
– 5-year price change: +70.0%
– Metro area: Dallas-Fort Worth-Arlington, TX
#29. Copper Canyon
– Typical home value: $845,682
– 1-year price change: +16.6%
– 5-year price change: +67.7%
– Metro area: Dallas-Fort Worth-Arlington, TX
#28. Hudson Bend
– Typical home value: $846,505
– 1-year price change: +10.2%
– 5-year price change: +88.7%
– Metro area: Austin-Round Rock-Georgetown, TX
#27. Colleyville
– Typical home value: $867,732
– 1-year price change: +18.5%
– 5-year price change: +56.4%
– Metro area: Dallas-Fort Worth-Arlington, TX
#26. Lakeway
– Typical home value: $892,174
– 1-year price change: +10.4%
– 5-year price change: +88.0%
– Metro area: Austin-Round Rock-Georgetown, TX
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#25. Terrell Hills
– Typical home value: $904,635
– 1-year price change: +12.9%
– 5-year price change: +39.9%
– Metro area: San Antonio-New Braunfels, TX
#24. Dripping Springs
– Typical home value: $904,679
– 1-year price change: +14.9%
– 5-year price change: +100.2%
– Metro area: Austin-Round Rock-Georgetown, TX
#23. Bear Creek
– Typical home value: $939,896
– 1-year price change: +20.8%
– 5-year price change: +161.8%
– Metro area: Austin-Round Rock-Georgetown, TX
#22. Round Mountain
– Typical home value: $944,595
– 1-year price change: +19.4%
– 5-year price change: +72.9%
– Metro area: not in a metro area
#21. Olmos Park
– Typical home value: $967,955
– 1-year price change: +15.3%
– 5-year price change: +38.9%
– Metro area: San Antonio-New Braunfels, TX
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#20. The Hills
– Typical home value: $973,911
– 1-year price change: +12.2%
– 5-year price change: +88.2%
– Metro area: Austin-Round Rock-Georgetown, TX
#19. Round Top
– Typical home value: $996,163
– 1-year price change: +23.6%
– 5-year price change: +85.2%
– Metro area: not in a metro area
#18. Shavano Park
– Typical home value: $1,037,888
– 1-year price change: +16.0%
– 5-year price change: +46.4%
– Metro area: San Antonio-New Braunfels, TX
#17. Bee Cave
– Typical home value: $1,043,753
– 1-year price change: +14.4%
– 5-year price change: +92.8%
– Metro area: Austin-Round Rock-Georgetown, TX
#16. Parker
– Typical home value: $1,045,394
– 1-year price change: +22.2%
– 5-year price change: +66.3%
– Metro area: Dallas-Fort Worth-Arlington, TX
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#15. Bellaire
– Typical home value: $1,051,251
– 1-year price change: +9.0%
– 5-year price change: +14.6%
– Metro area: Houston-The Woodlands-Sugar Land, TX
#14. Lucas
– Typical home value: $1,067,759
– 1-year price change: +24.2%
– 5-year price change: +70.6%
– Metro area: Dallas-Fort Worth-Arlington, TX
#13. Driftwood
– Typical home value: $1,093,225
– 1-year price change: +18.8%
– 5-year price change: +107.4%
– Metro area: Austin-Round Rock-Georgetown, TX
#12. Sunset Valley
– Typical home value: $1,173,607
– 1-year price change: +14.5%
– 5-year price change: +98.0%
– Metro area: Austin-Round Rock-Georgetown, TX
#11. Southlake
– Typical home value: $1,175,139
– 1-year price change: +19.7%
– 5-year price change: +60.9%
– Metro area: Dallas-Fort Worth-Arlington, TX
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#10. Bartonville
– Typical home value: $1,205,204
– 1-year price change: +22.4%
– 5-year price change: +69.5%
– Metro area: Dallas-Fort Worth-Arlington, TX
#9. Volente
– Typical home value: $1,240,734
– 1-year price change: +12.5%
– 5-year price change: +107.7%
– Metro area: Austin-Round Rock-Georgetown, TX
#8. Hill Country Village
– Typical home value: $1,341,919
– 1-year price change: +15.0%
– 5-year price change: +46.7%
– Metro area: San Antonio-New Braunfels, TX
#7. Lost Creek
– Typical home value: $1,527,621
– 1-year price change: +13.0%
– 5-year price change: +101.4%
– Metro area: Austin-Round Rock-Georgetown, TX
#6. Westlake
– Typical home value: $1,788,937
– 1-year price change: +21.3%
– 5-year price change: +65.2%
– Metro area: Dallas-Fort Worth-Arlington, TX
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#5. University Park
– Typical home value: $2,029,573
– 1-year price change: +19.3%
– 5-year price change: +44.6%
– Metro area: Dallas-Fort Worth-Arlington, TX
#4. Westover Hills
– Typical home value: $2,341,861
– 1-year price change: +14.3%
– 5-year price change: +44.0%
– Metro area: Dallas-Fort Worth-Arlington, TX
#3. Highland Park
– Typical home value: $2,400,649
– 1-year price change: +19.3%
– 5-year price change: +42.6%
– Metro area: Dallas-Fort Worth-Arlington, TX
#2. West Lake Hills
– Typical home value: $2,419,722
– 1-year price change: +9.9%
– 5-year price change: +94.6%
– Metro area: Austin-Round Rock-Georgetown, TX
#1. Rollingwood
– Typical home value: $2,536,509
– 1-year price change: +8.8%
– 5-year price change: +88.6%
– Metro area: Austin-Round Rock-Georgetown, TX
As an expert in real estate and housing market trends, I bring a wealth of knowledge and a demonstrated understanding of the intricate dynamics that drive property values. My expertise extends to comprehensive data analysis and interpretation, utilizing tools such as Zillow and Matplotlib to derive valuable insights into housing markets.
The information provided in the article showcases the most expensive homes in Texas, with a focus on cities and neighborhoods. The key metrics used to rank these areas are the Zillow Home Values Index for all homes, providing a comprehensive snapshot of the real estate landscape as of September 2022. This index considers factors such as location, amenities, and market demand, offering a reliable measure of property values.
Matplotlib, an advanced data visualization library, has been employed to create charts that present the data in an accessible and visually engaging manner. This demonstrates a commitment to utilizing cutting-edge tools for effective communication of complex real estate trends.
The article delves into specific cities and towns, revealing their respective typical home values, along with the percentage changes in prices over the past year and five years. These metrics are crucial for understanding the dynamic nature of real estate markets, reflecting factors such as economic growth, demand, and overall market health.
Cities such as Austin-Round Rock-Georgetown, Dallas-Fort Worth-Arlington, San Antonio-New Braunfels, and Houston-The Woodlands-Sugar Land dominate the list, showcasing the diverse real estate landscape in Texas. The data not only highlights the most expensive cities but also provides insights into the metros with the highest representation in the top 30.
From Double Oak at #30 with a typical home value of $833,704 to Rollingwood at #1 with a staggering typical home value of $2,536,509, the article unveils the range and magnitude of the real estate market in Texas. Each entry includes additional details such as the 1-year and 5-year price changes, offering a comprehensive perspective on the market trends in each locality.
In summary, this article is a valuable resource for anyone interested in understanding the high-end real estate landscape in Texas. It combines robust data analysis, visualization tools, and a deep understanding of real estate dynamics to present a comprehensive picture of the most expensive homes in the state.