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Investing / Real Estate

15 Texas Cities Where Home Prices Are Skyrocketing

3 min Read
By Gabrielle Olya

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.

Read: How Much Cash To Have Stashed at Home at All Times
Find Out: Should You Still Buy a Home in Today’s Market?

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.

Building Wealth

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%

See: 6 Alternative Investments To Consider for Diversification in 2022

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%
Building Wealth

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%

More From GOBankingRates

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

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About the Author

Gabrielle Olya

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. 

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