Are Texas Real Estate Prices Being Impacted by Cross-Border Migration Trends?

Andy
Jan 28, 2025By Andy

Texas has always been a hotspot for people moving in from other states, but in recent years, there’s been a surge in cross-border migration. People from Mexico and other countries are choosing Texas for better job opportunities, affordable living, and a strong economy. But what does this mean for real estate prices? Are home values rising because of this trend? Let’s break it down.

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How Cross-Border migration effects housing demand?

More people moving to Texas means more demand for housing. This has a direct impact on real estate prices, especially in cities like Houston, Austin, and San Antonio. According to the U.S. Census Bureau, Texas saw a 1.6% population growth in 2024, with a significant number of new residents coming from outside the U.S.

Key reasons why cross-border migration is driving housing demand:

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  • Job opportunities – Texas has a booming job market, especially in industries like tech, energy, and healthcare.
  • Lower cost of living – Compared to California or New York, Texas is much more affordable.
  • No state income tax – This makes Texas even more attractive for workers and business owners.
  • Family connections – Many migrants choose Texas because they have relatives already living there.

Real Estate Prices: What’s happening?

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With rising demand, housing prices in major Texas cities have increased. But how much? Let’s take a look at recent numbers:

CityMedian Home Price (2023)Median Home Price (2024)% Increase
Houston$335,000$348,0003.9%
Austin$468,000$482,5003.1%
San Antonio$300,500$315,0004.8%
Dallas$400,000$412,0003.0%


As the table shows, real estate prices are steadily increasing, largely due to higher demand from new residents, including those arriving from other countries.

What this means for home sellers and buyers?

For those looking to sell a house fast in Houston, this could be good news. More buyers in the market mean homes are selling faster and often at higher prices. However, for buyers, affordability is becoming a concern, especially for first-time homeowners.

Some experts predict that prices will continue rising into 2025, especially if cross-border migration remains strong. However, if new housing developments keep up with demand, prices may stabilize.

The Future of Texas Real Estate

  • Developers are building more homes to meet the demand, but zoning laws and land costs could slow down construction.
  • Rental demand is rising as more people move in, making rental properties a great investment.
  • Some areas may become less affordable, pushing new residents to suburbs and smaller towns.

In short, cross-border migration is reshaping Texas’ housing market. If you’re thinking about buying or selling a home, understanding these trends can help you make smart decisions. Whether you’re a homeowner looking to sell or an investor considering rental properties, the real estate market in Texas is one to watch closely.