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Houston ranks 21st priciest luxury market in the U.S.

by Timothy Inklebarger

Houston ranks 21st priciest luxury market in the U.S.

Morning in luxurious light interior in hotel. Bright and clean interior design of a luxury living room with stone floors, fireplace, sofa and chair . Stucco on walls.

The flight of homeowners from large urban centers to the suburbs has unexpectedly begun to reshape residential real estate, but luxury property in large cities have also gotten a boost from the hot market.

But stark differences exist between luxury markets across the country, prompting MyAffordableLuxury.com to analyze the top 10% of the listings starting at $500,000 on Zillow and Redfin to determine the starting point for a luxury property.

Houston tied with Portland, Tampa and Queens as the 21st priciest luxury market, with high-end properties starting at $1.2 million. The median price for a home in Houston was $334,000, and the most expensive listing on the market was $30 million.

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