Texas Housing Market Trends

Real-time market data powered by Zillow Research. Last updated: 2026-04-02

Texas's major metros have entered different phases: Austin has cooled significantly from its pandemic-era frenzy, with prices correcting 5-10% from peaks and inventory normalizing. Dallas-Fort Worth continues to see steady demand driven by corporate relocations (Toyota, PGA of America, Charles Schwab) and population growth. Houston's market is enormous and diversified, with areas from Memorial to Katy offering everything from urban townhomes to rural ranch properties. San Antonio remains the most affordable major Texas metro and has benefited from military and healthcare sector stability. The Texas Triangle (Dallas-Houston-San Antonio-Austin) continues to dominate the state's economic and real estate activity.

By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Zillow Research, U.S. Census

Is Now a Good Time to Buy in Texas?

The Texas housing market is showing balanced conditions.

home values have declined 2.3% over the past year, which means more negotiating power for buyers. there are currently 1,777 homes on the market.

Median Home Value

$297,592

Zillow Home Value Index

Year-over-Year

-2.3%

Home value change

5-Year Change

+23.7%

Since 2021

Median Rent

$1,375/mo

Zillow Observed Rent Index

Active Listings

1,777

Homes for sale

Home Value Trends

5-year Zillow Home Value Index (ZHVI) for Texas vs. national average. ZHVI reflects the typical home value in the 35th-65th percentile range.

Rent Trends

Average rent in Texas: $1,375/mo (+3.2% YoY)

Rent vs. Buy Analysis

With a median home value of $297,592 and average rent of $1,375/mo, the price-to-rent ratio in Texas is 18.0. A ratio of 15-21 means it could go either way — run the numbers.

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