Alex Texas. 9 of top 20 safest US housing markets for both growth and stability are in Texas

Alex’s Take: It’s humbling to see the number and distribution of Texas markets that are expected to be the safest housing markets in the US.

Smart Asset’s Take: “…Homeownership often represents a foundation to build on as well as long-term stability. This applies not only to the lifestyle a homeowner envisions when making a purchase, but also to the value of the property. Ideally, a home you purchase will steadily grow in value and not fluctuate too much in price. To that end, SmartAsset analyzed the data to uncover which metro areas in America are the best housing markets for growth and stability…

Texas dominates the top 10. Five of the top 10 metro areas in the study are in Texas: Midland at No. 1, Austin-Round Rock-Georgetown at No. 2, Odessa at No. 8, Houston-The Woodlands-Sugar Land at No. 9 and Dallas at No. 10.

1. Midland, TX

Midland, Texas is the number one U.S. metro area for growth and stability in the housing market. The odds of a 5% loss in home price in the 10 years after it was purchased (during the 25-year period from 1995 through 2019) was 0%, and the overall home price growth in that 25-year period was about 287.82%, the fourth-highest rate for this metric across all 357 areas we studied.

2. Austin-Round Rock-Georgetown, TX

In the Austin, Texas metro area, there was a 0% chance of a 5% loss in home price in the 10 years after it was purchased. This area had the study’s 12^th-highest growth rate in the 25-year period from 1005 through 2019, at 254.62%.

8. Odessa, TX

The third Texas metro in the top 10 is Odessa, where there was a 5% chance of the value of a home dropping at least 5% in the first 10 years after its purchase, within the 25-year period from 1995 through 2019. Odessa home prices also had the 22^nd-highest growth in the study, with overall home values jumping by 226.02% over those 25 years.

9. Houston-The Woodlands-Sugar Land, TX

In the Houston, Texas metro area, the chance of a drop in home value of at least 5% within 10 years of purchase was 0%. This area placed 57^th out of 357 in terms of growth, with an overall home value increase of 188.41% from 1995 through 2019.

10. Dallas-Plano-Irving, TX

The final metro area – and fifth Texas entry – in our top 10 is the Dallas metro area. This metro area had a 1% chance of a home price loss of at least 5% within 10 years of purchase, within the 25-year period from 1995 through 2019. During those 25 years, the overall increase in home price was 180.91%, 66^th-highest in our study.

Table of Texas Metro Area Rankings:

Link to Smart Asset Complete Article: https://smartasset.com/mortgage/best-housing-markets-for-growth-and-stability-2020

Link to Complete Alex Post: https://www.alex.realestate/blog/detail/1295/1/Alex_Texas._9_of_top_20_safest_US_housing_markets_for_both_growth_and_stability_are_in_Texas

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