Texas Housing Market Vitality

Market Rank


Texas metro area house prices are forecasted to outperform the national market over the next twelve months. Currently, the market is tracking the overall U.S. market. Compared to 12-months ago, Texas’ housing market has strengthened. Current local economic conditions support an estimated 23.5% increase in house prices over the next twelve months. Based on the housing market vitality of the twenty-six metro housing markets which comprise it, Texas’ housing market ranks twelfth amongst all states and D.C. The three-month outlook is positive.

Housing Market Vitality

Housing Market Vitality summarizes the impact of economic conditions on house prices. A value of 100 corresponds to conditions supporting current price appreciation; values less than 100 correspond to a dampening effect and values greater than 100 indicate a positive impact on house prices. A housing market vitality value can be interpreted as a growth rate. Hence, a reading of 105.8 can be interpreted as a 5.8% annualized increase in house prices.

Texas Metro Housing Markets

Texas is comprised of twenty-six metro housing markets that account for nearly 89% of the state’s population. The Lone Star State metro housing markets are unique in their demographics and local economies and exhibit trends that are distinct from the national and state narrative. Each metro market presents its own unique opportunity.

Abilene, TX Underperforming Negative257
Amarillo, TX Underperforming Negative265
Austin-Round Rock, TX Outperforming Positive16
Beaumont-Port Arthur, TX Underperforming Negative356
Brownsville-Harlingen, TX Outperforming Negative135
College Station-Bryan, TX Underperforming Negative229
Corpus Christi, TX Underperforming Positive164
Dallas-Plano-Irving, TX Outperforming Positive30
El Paso, TX Underperforming Positive185
Fort Worth-Arlington, TX Outperforming Positive28
Houston-The Woodlands-Sugar Land, TX Underperforming Negative309
Killeen-Temple, TX Outperforming Positive13
Laredo, TX Underperforming Negative351
Longview, TX Underperforming Positive156
Lubbock, TX Underperforming Negative243
McAllen-Edinburg-Mission, TX Underperforming Positive145
Midland, TX Underperforming Negative401
Odessa, TX Underperforming Negative402
San Angelo, TX Underperforming Negative259
San Antonio-New Braunfels, TX Outperforming Positive72
Sherman-Denison, TX Outperforming Positive47
Texarkana, TX-AR Underperforming Positive188
Tyler, TX Outperforming Positive51
Victoria, TX Underperforming Negative326
Waco, TX Outperforming Positive69
Wichita Falls, TX Outperforming Negative143

Industry Specialization

Texas’ state economy is specialized in Mining, Fncl activities, and Trade Trans Util. Edu Health svcs, Manufacturing, and Leisure Hosp industry sectors are less important to the state economy compared to the national economy.

Industry specialization helps explain the differing impact of industry trends on local economies in contrast to industry composition which describes the structure of the economy. A Specialization Index value greater than 100 corresponds to the sector having a greater share of the state economy than it does of the national economy. Sectors with a Specialization Index greater than 120 characterize the local economy.


Compared to the U.S., there is a higher incidence of poverty amongst Texas residents and they have less purchasing power. There are fewer high school graduates and a smaller proportion of the population is college educated. Texas’ population is comparatively more diverse than the overall U.S. population.

A Demographics Index value greater than 100 corresponds to the factor being more intense in the state versus the national average. Characteristics of the local population is a longer-term factor that influences the housing market.

Updated November 01, 2022 with data through August 2022