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Texas real estate

Texas’ Housing Market – Built for the Long Haul

Oh sure, Texas wasn’t completely bulletproof during the recession, but if there’s anything you should know about the Lonestar State, it’s that it’s built for the long haul!

What exactly does that mean?

So much of the economy here is built on things that people use every day – like oil and technology. No matter what the economy does, people are still going to put gas in their cars, still going to need energy to heat their homes, and still log onto their computers.

Plus, Texas’ state government is very hands-off (in fact, the state legislature only meets once every two years). In keeping with that, there is no state income tax – meaning that Texans get to put more of their money into their own pockets.

As a result, many companies head to Texas – either completely or to set up giant hubs. The Austin-area has been labeled the next Silicon Valley because it’s home to Facebook, Google, Apple, and Dell.

So, what does all of this mean for the homes for sale in Texas?

Because Texans pay fewer taxes, they have more money to spend on homes. And, because employment is so much more stable here than in the rest of the country, realtors in Texas foresee good things for the housing market in 2013.

In fact, the prices for homes for sale in most parts of Texas rose throughout 2012 – and those increases are expected to keep up throughout 2013. Surprisingly, the biggest gains were seen in one of the state’s smallest cities, Abilene. There, the median home price rose 12% in 2012.

What about the bigger cities?

Homes for sale in Houston got 5% more expensive in 2012, while homes in Dallas/Ft. Worth became about 9% more expensive. In Austin, home prices rose nearly 5% in 2012.

In San Antonio, the increase was less than 4%, but real estate experts say that area is poised to see major growth over the next five years. In fact, some experts have picked San Antonio to be one of the fastest-growing places (price-wise) in the entire country by 2017!

Luckily, mortgages in Texas are just as low as they are in the rest of the country. That, combined with the stability in the local economy, should lead to a rosy housing picture in 2013.

But what if you’re not ready to buy just yet? What are the apartments in Texas like?

As you might expect, the apartments for rent in Texas vary widely, depending on where you are. (After all, as Texans proudly point out, this state is bigger than France!) The one thing that is consistent across the Lonestar State is that rental prices have gone up and are staying up.

The most expensive apartments for rent can be found in Houston – where the average one-bedroom apartment will cost you $1,176 per month. Dallas and Austin apartments are only slightly cheaper. So, you might be better off buying!

Living in Texas

John Steinbeck once said, “Texas is a state of mind, but I think it is more than that.” The Lonestar State is truly unlike any other in the country.

Texans even brag that their state is bigger than France! With almost 270,000 square miles to cover, Texas’ weather can vary, but one thing is constant – scorching hot summers! In the northern part of the state, you’ll find winter snow and ice. The central part of the state can get very windy. Down by the Gulf Coast, humidity is the name of the game.

Before you head down to the Lonestar State, here are some of the fast facts:

  • What is the population of Texas?
  • The population of Texas is 26,059,203
  • What is the capital of Texas?
  • The capital of Texas is Austin
  • What is the biggest city in Texas?
  • The biggest city in Texas is Houston

From barbecue, to rodeos, to sporting events, there’s always something to do in Texas. If football is your thing, Friday nights will be your “holy time” – as that’s when all of the local high schools suit up and play. Get there early, though, because the big schools attract at least 20,000 fans for each game!

If you’d rather soak up the arts and music scene, head to Austin. Dubbed the “Live Music Capital of the World”, there are always bands playing and festivals going on. The biggest, though, is South by Southwest, which lasts for 10 days and takes place every spring.

The Austin area is also great for job opportunities. In fact, it has been dubbed a mini-Silicon Valley, with companies like Dell, Facebook, Google, and Apple setting up major hubs in the area.

The Dallas-Ft. Worth Metroplex has become one of the most populous areas in the country. And, with big universities like SMU, TCU, and the University of North Texas located right in the Metroplex, your kids won’t even have to leave town to get a great education!

Houston is full of family-friendly fun – from the Johnson Space Center, to the Downtown Aquarium, to the Houston Zoo. And, if you want to get up close and personal with Texas’ best animals, head to the Houston Rodeo. Held every February, it’s the world’s largest livestock show – with plenty of concerts, to boot!

This is the Census data for Texas

Population

Total population estimate for Texas (July 1) 2012
26,059,203
Total population change for Texas- April 1, 2010 to July 1, 2012
3.6%

Age

Percentage of the population that's under 5 years old in Texas, 2011
7.6%
Percentage of the population that's under 18 years years old in Texas, 2011
27.1%
Percentage of the population that's 65 years and over Texas, 2011
10.5%

Gender

Percentage of the population that are females in Texas, 2011
50.4%

Race breakdown for Texas in percentages

White alone, 2011
80.9%
Black alone, 2011
12.2%
American Indian and Alaska Native alone,2011
1.0%
Asian alone, percent, 2011
4.0%
Native Hawaiian and Other Pacific Islander alone, 2011
0.1%
Two or more races, 2011
1.7%
Hispanic or Latino Origin, 2011
38.1%
Not Hispanic, White alone, 2011
44.8%

A little more about the residents of Texas

Percentage of residents who lived in the same house 1 year ago, 2007-2011
82.1%
Percent of residents who are foreign born 2007-2011
16.2%
Percent speaking a language other than English at home, 2007-2011
34.4%

Education

Percent high school graduates or higher for residents 25 years old and over in Texas, 2007-2011
80.4%
Percent with a bachelor's degree or higher for residents 25 years old and over in Texas, 2007-2011
26.1%

Veterans

Total number of Veterans living in Texas 2007-2011
1,618,413

Communting

The average travel time to work for workers in Texas (16 years and over not working at home), 2007-2011
24.8 mins

Real estate stats in Texas

Housing unit estimates, 2011
10,098,750
Owner-occupied housing units - percent of total occupied housing units, 2007-2011
64.5%
Housing units by units in structure - multi-dwelling structure, percent, 2007-2011
24.0%
Median value of specified owner-occupied housing units, 2007-2011
$126,400.00
Households, 2007-2011
8,667,807
Average household size, 2007-2011
2.79

Income

Per capita income for Texas in the past 12 months (in 2011 inflation-adjusted dollars), 2007-2011
$25,548.00
Median household income in Texas, 2007-2011
$50,920.00
Percentage of people living in poverty in Texas 2007-2011
17.0%

Business and commerce info for Texas

Private nonfarm establishments, 2010
522,146
Private nonfarm employment for pay period including March 12, 2010
8,785,238
Private nonfarm employment for pay period including March 12, 2010, percent change, 2000-2010
9.5%
Total number of businesses in Texas, 2007
2,164,852
Percentage of Black-owned businesses in Texas, 2007
7.1%
Percentage of American Indian- and Alaska Native-owned businesses in Texas , 2007
0.9%
Percentage of Asian-owned businesses in Texas, 2007
5.3%
Percentage of Native Hawaiian- and Other Pacific Islander-owned businesses in Texas, 2007
0.1%
Percentage of Hispanic-owned businesses in Texas, 2007
20.7%
Percentage of Women-owned businesses in Texas, 2007
28.2%

Land size and population

Size of Texas in Square Miles, 2010
261,231.71 mi²
Population per square mile in Texas, 2010
96.3

Texas real estate

[Not Specified]

Adamsville

Albany

ALEXANDER

amarillo

Amarillo - Randall County

Anderson Mill

ANGLETON

Aransas Pass

Arthur City

Atascocita

Atlanta

Bagwell

Ballinger

Baytown

Bayview

Bee Cave

Bell County Rural

Bellaire

BEN FRANKLIN

Ben Wheeler

BEN WHEELER

Benavides

Berryville

Bexar Co

Big Spring

Big Wells

Blackwell

Blooming Grove

Bloomington

BRANDON

Brenham

Brenham Tx

Brenham TX

Bronson

Brookesmith

Bruceville

Bruceville-Eddy

Brushy Creek

Bryans Mill

Buchanan Dam

Burkburnett

BURKETT

Burkeville

Burneyville

Camp Verde

Campbellton

CANEY CITY

CARLTON

Carrollton - Dallas County

Castle Hills

Cedar Creek

CEDAR HILL

Cedar Park

CELINA

Centerville

Channelview

Chaparral

CHARLESTON

Chatfield

Childress

China Spring

Clarksville

Cockrell Hill

College Station

Collegeport

COLLEYVILLE

Coolidge

Corpus Christi

Costa Rica

Cottonwood Shores

Cranfills Gap

Crawford

Crystal Beach

Daingerfield

DALLAS

Dallas [Collin County]

Dandridge

De Cordova

Del Valle

DESDEMONA

dickinson

Dickinson

Dorchester

Dove Creek

Dripping Springs

Eagle Mountain

Edgecliff Village

El Campo

Electra

Emhouse

Enchanted Oaks

ESTELLINE

Evadale

Fair Oaks Ranch

Falfurrias

Falls City

Fischer (Comal)

FLINT

Flippin

Forestburg

FORESTBURG

Fort Clark Springs

Fort Worth - Parker County

FREEPORT

Freeport Tx.

Fresno

Friendswood

Ft. Worth

Fulshear

Garrett

Gholson

Gober

Golinda

Gordonville

Gouldbusk

Grand Cayman

Granger

Greater Magnolia Area

Gregory

Grey Forest

Guaruja

Gun Barrel City

GUN BARREL CITY

Hallsville

Hartsel

Harwood

HEMPSTEAD

Hendrix

Henrietta

Hermleigh

HERMLEIGH

HIGHLAND HAVEN

HIGHLAND VILLAGE

Hill Country Village

HILLSBORO

Holly Lake Ranch

Hollywood Park

Horizon City

Hoston

Houston Tx

Huffman

Hughes Springs

Huntsville

Iowa Park

Ivanhoe

IVANHOE

Jacksonville

Jarrell

Johnson City

Jones Creek

JONESBORO

Katy (Harris County)

Kenefick

KingslandBurnet

Kingston

Kirkland

KLONDIKE

Kopperl

La Porte

LA PORTE

La Pryor

Lacy-Lakeview

Laguna Vista

Lake Bridgeport

LAKE CREEK

Lake Tanglewood

Lamasco

Laneville

Las Colinas

Leander

Leesburg

LEESBURG

Leesville

Leon Springs

LINGLEVILLE

LIPAN

Lone Star

Los Fresnos

Luckenbach

Luling TX

Mabank (Henderson)

Mabank (Kaufman)

Macdona

Madisonville

Marshall

Martindale

Mathis Tx

Mauriceville

MAY

Mc Gregor

McGregor

MCKINNEY

Meadowlakes

Megargel

Memphis

Mercedes

Mercury

Mildred

Mission Bend

Missouri City

Montague

MONTAGUE

Montalba

MONTALBA

Montell

MORGAN MILL

Morgans Point

Mountain Home

Nacogdoches

Navasota

New Boston

New Braunfels - Guadalupe County

New Caney

New Waverly

Newcastle

Nordheim

Normangee

Northlake

Oakwood

Ogelsby

Olmos Park

Orange Grove

ORE CITY

Other City - Not In The State Of Florida

Other City Value - Out Of Area

Outside Area (Inside Ca)

Outside Area (Outside Ca)

Overton

Oyster Creek

Pagosa Springs

Palmhurst

Palmview

PALO PINTO

Pattonville

Payne Springs

PEASTER

Pecan Hill

Pelican Bay

Penelope

Pflugerville

Pickton

Pinehurst

Plainview

Port LaVaca

Port Mansfield

Port O'Connor

Port Orange

Post Oak Bend

POTTSVILLE

PROCTOR

Providence Village

Purdon

Quitaque

Rainbow

RAINBOW

Retreat

Richland Springs

RICHWOOD

RINGGOLD

Robert Lee

Rochelle

Rosenberg

Round Rock

Round Top

Sabinal

SAINT JO

Saltillo

San Miguel

San Pedro

Sanderson

Santa Anna

Santa Teresa

Scurry

SEVEN POINTS

Shavano Park

SHERMAN

Sienna Plantation

Sierra Blanca

Sisterdale

Slidell

SLIDELL

SOUTH BEND

South Houston

South Toledo Bend

Springtown

St.Hedwig

Stafford

Star Harbor

Stratford

Sugar Land

Sullivan City

Sulphur Bluff

SUMNER

Sun Valley

Sunland Park

Sunrise Beach

Sutherland Springs

Sylvester

Talty

Taylor

Tehuacana

Telephone

TELEPHONE

Terrell Hills

Texarkana

Texas City

Texhoma

Thackerville

The Woodlands

Travis Central App Dist

Tualatin

Uncertain

Union Valley

Val Verde Park

Valley Mills

Van Vleck

Vanderpool

Waelder

Waring