Investing in Texas
The Lone Star State is the state with the second highest GDP ($1.99 Trillion) after California. With a thriving economy, a constitutionally guaranteed prohibition on individual income tax, and an ecosystem attracting technology companies and skilled talent, it's certainly a place with opportunity. The Nophin team crunched the numbers and found five of the best places to invest in Texas real estate.
Statewide vacancy rates
Houston is the largest city in texas and is home to NASA's Johnson Space Center. The Apollo Project, which brought the first astronauts to the moon, launched here.
- Population: 2,304,580
- Median household income: $53,600
- Median 1-bedroom monthly rent: $1,310
- Median listing home price: $350,000
Dallas is the third largest city in Texas and hosts the State Fair of Texas each year.
- Population: 1,304,379
- Median household income: $54,747
- Median 1-bedroom monthly rent: $1,465
- Median listing home price: $535,000
San Antonio, TX
San Antonio is the second largest city in Texas and the seventh largest in the US. Tourists come to San Antonio to see the Alamo and amusement parks in the area.
- Population: 1,434,625
- Median household income: $53,420
- Median 1-bedroom monthly rent: $1,115
- Median listing home price: $310,000
Austin is the state capital of Texas and has a growing technology scene. Companies like Tesla, Dell, and Oracle all have their headquarters here.
- Population: 961,855
- Median household income: $75,752
- Median 1-bedroom monthly rent: $1,632
- Median listing home price: $659,000
Waco is a city halfway between Dallas and Austin. According to PolicyGenius, Waco also has one of the lowest rental vacancy rates in the state.
- Population: 138,486
- Median household income: $40,349
- Median 1-bedroom monthly rent: $900
- Median listing home price: $260,000
Nophin is landlord banking and software for rental properties
With FDIC-insured bank accounts and cards that seamlessly integrate with easy-to-use software, Nophin helps landlords increase returns and automate rental property finances. Check out what we offer on the Nophin homepage!
To help us determine the five best cities in all states, the Nophin team used data from several sources including the 2020 United States Census, the Department of Housing & Urban Development, Federal Reserve Economic Data (FRED), the National Association of REALTORS®, Zumper, internal data, and other reputable sources.