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 24.2% 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 fourteenth amongst all states and D.C. The three-month outlook is neutral.

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 Negative180
Amarillo, TX Underperforming Negative191
Austin-Round Rock, TX Outperforming Positive1
Beaumont-Port Arthur, TX Underperforming Negative355
Brownsville-Harlingen, TX Outperforming Positive78
College Station-Bryan, TX Underperforming Negative270
Corpus Christi, TX Underperforming Negative253
Dallas-Plano-Irving, TX Outperforming Positive57
El Paso, TX Underperforming Negative249
Fort Worth-Arlington, TX Outperforming Positive51
Houston-The Woodlands-Sugar Land, TX Underperforming Negative240
Killeen-Temple, TX Outperforming Positive18
Laredo, TX Underperforming Negative357
Longview, TX Underperforming Negative247
Lubbock, TX Underperforming Negative257
McAllen-Edinburg-Mission, TX Underperforming Negative277
Midland, TX Underperforming Negative401
Odessa, TX Underperforming Negative402
San Angelo, TX Underperforming Negative243
San Antonio-New Braunfels, TX Tracking Positive99
Sherman-Denison, TX Outperforming Positive48
Texarkana, TX-AR Underperforming Negative305
Tyler, TX Outperforming Positive93
Victoria, TX Underperforming Negative345
Waco, TX Outperforming Positive64
Wichita Falls, TX Tracking Negative176

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 July 02, 2022 with data through May 2022