A new study from Texas Real Estate Source reveals which Texas metro areas have seen the largest increases in property prices since 2012.
Leading the way in price increases is the Sherman-Denison metro area in North Texas, which has experienced a price increase of 170.84% since 2012. Other metro areas near the top of the list include Austin, Fort Worth-Arlington and Dallas-Fort Worth.
Houston ranks further down on the list — in 2012, the average home price in Houston/The Woodlands/Sugarland was $221,170. In 2022, that price rose to $411,020 — an 85.83% increase.
While Houston has seen moderately low price increases compared to other metro areas in Texas, its houses still rank as some of the most expensive in the entire state. The only metros with higher average home prices in 2022 were Austin ($632,269), Fort Worth-Arlington ($430,106), Dallas-Fort Worth ($485,405) and Dallas-Plano ($514,442).