15 Texas Cities Where Home Prices Are Skyrocketing

These Lone Star State cities are becoming less affordable.

By Gabrielle Olya Aug 5, 2022 Real Estate Investing 101

From 2010 to 2020, Texas’ population grew by 4 million — more than any other state, according to moveBuddha. As population booms, typically, so do home prices, and that’s definitely been the case for the Lone Star State.

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MoveBuddha identified the fastest-growing cities in Texas, as well as how much home prices have risen in these cities in recent years. Here’s a look at the 15 cities where home prices have increased by more than 50% from 2020 to 2022.

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15. Frisco, Texas

Population growth from 2010 to 2020: 79%
Average home value in 2020: $438,553
Average home value in 2022: $661,929
Increase in home value from 2020 to 2022: 51%

14. McKinney, Texas

Population growth from 2010 to 2020: 59%
Average home value in 2020: $343,667
Average home value in 2022: $522,590
Increase in home value from 2020 to 2022: 52%

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13. Melissa, Texas

Population growth from 2010 to 2020: 189%
Average home value in 2020: $307,638
Average home value in 2022: $468,340
Increase in home value from 2020 to 2022: 52%

12. Celina, Texas

Population growth from 2010 to 2020: 217%
Average home value in 2020: $382,541
Average home value in 2022: $593,273
Increase in home value from 2020 to 2022: 55%

11. Prosper, Texas

Population growth from 2010 to 2020: 182%
Average home value in 2020: $489,553
Average home value in 2022: $774,465
Increase in home value from 2020 to 2022: 58%

10. Austin, Texas

Population growth from 2010 to 2020: 24%
Average home value in 2020: $431,463
Average home value in 2022: $702,409
Increase in home value from 2020 to 2022: 63%

9. Georgetown, Texas

Population growth from 2010 to 2020: 80%
Average home value in 2020: $330,841
Average home value in 2022: $546,726
Increase in home value from 2020 to 2022: 65%

8. Manor, Texas

Population growth from 2010 to 2020: 225%
Average home value in 2020: $246,836
Average home value in 2022: $417,781
Increase in home value from 2020 to 2022: 69%

7. Kyle, Texas

Population growth from 2010 to 2020: 83%
Average home value in 2020: $233,040
Average home value in 2022: $397,543
Increase in home value from 2020 to 2022: 71%

6. Dripping Springs, Texas

Population growth from 2010 to 2020: 199%
Average home value in 2020: $534,141
Average home value in 2022: $912,724
Increase in home value from 2020 to 2022: 71%

5. Liberty Hill, Texas

Population growth from 2010 to 2020: 285%
Average home value in 2020: $338,565
Average home value in 2022: $586,429
Increase in home value from 2020 to 2022: 73%

4. Round Rock, Texas

Population growth from 2010 to 2020: 38%
Average home value in 2020: $317,652
Average home value in 2022: $552,625
Increase in home value from 2020 to 2022: 74%

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3. Hutto, Texas

Population growth from 2010 to 2020: 82%
Average home value in 2020: $259,275
Average home value in 2022: $452,034
Increase in home value from 2020 to 2022: 74%

2. Cedar Park, Texas

Population growth from 2010 to 2020: 47%
Average home value in 2020: $354,879
Average home value in 2022: $625,743
Increase in home value from 2020 to 2022: 76%

1. Leander, Texas

Population growth from 2010 to 2020: 159%
Average home value in 2020: $306,703
Average home value in 2022: $550,107
Increase in home value from 2020 to 2022: 79%

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All data is sourced from the moveBuddha 2021-2022 Texas Migration Report.

About the Author

Gabrielle Olya

Gabrielle joined GOBankingRates in 2017 and brings with her a decade of experience in the journalism industry. Before joining the team, she was a staff writer-reporter for People Magazine and People.com. Her work has also appeared on E! Online, Us Weekly, Patch, Sweety High and Discover Los Angeles, and she has been featured on “Good Morning America” as a celebrity news expert.