Housing Market Near Major Universities in Texas

Sep 13, 2024By Andy
Andy

Ah, Texas—a state known for its BBQ, football, and, of course, its huge universities.

But did you know that being near one of these big schools can actually make your home sell faster? Yup, it's true.

If you're trying to sell your house fast in Houston or any other Texas city, proximity to a major university could be your golden ticket. This blog will tell you why.

Why homes near universities are hot?

Homes near universities attract a wide variety of potential buyers, from parents looking for a spot close to campus for their college-bound kids to young professionals who love the vibe of a university town.

Stack of books on table at library

There’s always something happening—sports games, concerts, or just the hustle and bustle of student life (if you know, you know)—which keeps these areas lively and, more importantly, in demand.

But why does this matter if you’re looking to sell?

Well, buyers love the idea of being near a university because it means stability. The campus isn’t going anywhere, and there will always be students, faculty, and staff needing housing. It’s like a built-in stream of potential renters or buyers, which means selling a home near one of Texas’ major universities can be quicker than you’d think!

Major Texas Universities and Housing Demand

Let’s look at some of the top university towns in Texas and how they impact the housing market:

University of Texas at Austin

With over 50,000 students, this university has a massive influence on Austin’s housing market. Homes near UT Austin often sell faster due to high demand from students and university staff. Plus, Austin is a tech hub, so you’ve got young professionals flocking to the area too.

Texas A&M University in College Station

If you’re trying to sell a home here, you’re in luck. Texas A&M has a loyal Aggie community, and the university is constantly expanding.

Homebuyers in this area love the idea of renting to students or selling to families who want their kids to be near the school.

Rice University in Houston

Let’s not forget Rice! Located in the heart of Houston, homes near this prestigious university tend to sell fast, especially with the added convenience of being in a major city.

In fact, if you’re aiming to sell your house fast in Houston, being close to Rice or other universities like the University of Houston is a major plus.

How proximity to a university help you sell house fast in Houston?

Higher Rental Demand: Homes near universities often have high rental demand, making them attractive to investors. According to Realtor.com, areas near universities have rental vacancy rates as low as 4%. That’s tiny!

House model with man holding magnifying glass home inspection or searching for a house

Increased Property Values: In many cases, homes close to a campus hold their value better than those further away. A study from Redfin found that properties near universities appreciate at an average rate of 3-5% per year. Not too shabby, right?

Steady Flow of Buyers: Whether it's students, faculty, or university employees, the buyer pool is constant and reliable. And as we all know, steady demand is a seller’s best friend!

Conclusion

If you’ve got a home near a major university in Texas, you’re sitting on a hot property! Whether it’s UT Austin, Texas A&M, or Rice, being close to a bustling campus can help you sell your house fast in Houston or anywhere else in the Lone Star State.

white and red wooden house miniature on brown table

Just remember—location is key, and in this case, the location is all about being close to those hallowed halls of learning.