How the EV Boom is Influencing Property Values in Texas

The rise of electric vehicles (EVs) is changing the landscape of Texas real estate. As more people choose EVs, the way they think about their homes and neighborhoods is evolving too.

This trend isn't just about adopting a green lifestyle—it's also impacting property values, especially in cities like Houston.

So, if you're planning to sell your house fast in Houston, it’s worth understanding how EV growth might influence your property’s appeal and price.

Charging infrastructure and property value

Texas, being the second-largest EV market in the U.S., is rapidly expanding its network of EV chargers.

According to the Texas Department of Transportation, the state plans to add over 3,000 public chargers by 2025. This expansion is especially visible in major cities like Houston, Dallas, and Austin.

For homeowners, this is great news.

Properties located near charging stations or equipped with home chargers can see a boost in value. A study by Realtor.com shows that homes with EV charging stations can sell for up to 2.5% more than similar properties without them. 

What's the impact on commercial and residential real estate in Houston?

Commercial properties near EV hubs—like malls with charging stations—are becoming more valuable.

In fact, a report from the International Council on Clean Transportation found that commercial spaces near EV infrastructure saw a 5% increase in lease prices compared to those without these facilities. This is significant, as more retailers and developers are integrating charging stations to attract both shoppers and businesses.

For residential real estate, the trend is slightly different but still favorable. Texas has seen a 30% year-over-year increase in EV ownership, leading to a demand for EV-ready homes.

In Houston, this demand is evident in both the luxury and mid-range markets. Homes that are built or retrofitted with EV chargers are selling faster and for higher prices, giving homeowners a chance to capitalize on this growing trend.

Houston’s Position in the EV Landscape

Houston, known for its strong ties to the energy sector, is rapidly adapting to the rise of EVs. The city’s efforts to embrace EV infrastructure are paying off.

According to EVAdoption, Houston ranks in the top five U.S. cities for new EV charger installations. This effort is not only helping the environment but also driving up property values in areas near these charging stations.

For homeowners, this is a golden opportunity.

As more buyers look for EV-friendly properties, homes that offer these amenities or are located near chargers will likely sell faster and at higher prices.

It’s a trend that could benefit sellers aiming to make the most of Houston’s evolving real estate market.