Houston ranks second in state for most million-dollar homes

by Lindsey Wells

Houston’s luxury real estate market has seen unprecedented momentum since repercussions from the COVID-19 pandemic began draining the inventory of lower-priced homes.

While Greater Houston’s luxury market saw its first decline in two years in June, there is no shortage of $1 million-plus homes in the metro.

According to LendingTree, 2.4% of Houston homes are worth $1 million or more. The personal finance platform analyzed U.S. Census Bureau data to determine which of the country’s 50 largest metros have the highest share of million-dollar homes. Houston ranked No. 17 on the national list.

However, compared to other metros in the Lone Star State, Houston ranked No. 2 for luxury homes.

Austin is ranked first on the list of Texas metros, with 3.51% of homes in the area valued at $1 million or above.

Nationally, Austin ranked No. 12, followed by Dallas at No. 20 and San Antonio at No. 36.

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