Support Us Button Widget

Austin still ranks high in hottest real estate markets

The area has cooled a bit, but it remains one of the most desirable areas in the US.

The Austin skyline from afar, with grass in the foreground.

You don’t have to tell us Austin is a great place to live.

Photo by @theaustinaesthetic

Texas is hot — both literally and figuratively. 🔥

Texas cities were all over the 2023 Emerging Trends in Real Estate list — put together by the Urban Land Institute and PricewaterhouseCoopers — and Austin remains in the top five hottest markets of the US and Canada. The study measures overall real estate prospects for the coming year.

Here’s how Texas’ most desirable markets stack up:

  • No. 2: Dallas-Fort Worth
  • No. 4: Austin
  • No. 12: San Antonio
  • No. 14: Houston

Given Austin’s explosive growth and proclivity for new development, the city falls into the “Supernova" category, which is defined by “tremendous and sustained population and job growth,” high “economic diversity and white-collar employment,” and likelihood to remain on that trajectory.

Though the capital city falls behind Nashville, Dallas, and Atlanta, Austin’s placement has not wavered since the 2022 report. However, Dallas shot up a staggering five places, surpassing Austin for the first time since 2019.

More from ATXtoday
The robots are driving in ATX. Keep your eyes peeled for these companies, which are driving or getting ready to deploy driverless vehicles in town.
We’re dreaming of a green Christmas.
Hi, Austinite. It’s that time of year again — Spotify Wrapped is out, and so is ours. Ready to see how our year stacked up?
Whether you’re planning a family gathering, a corporate party, or a festive get-together with friends, here are a few restaurants offering spaces for your celebration.
Plus, the music lineup for the annual tradition is here, featuring artists like Chief Cleopatra and Como Las Movies.
Whether you don’t want to bother with cooking or you want to treat the family to a delicious meal out, here are a few restaurants to try.
The Texas grocer’s oldest location in Austin is now a shiny, new gem in the Violet Crown.
Plan your winter with festivals and holiday-themed events happening in the Capital City.
The beloved local tradition has taken multiple different forms over the years, and was once called “Yule Fest.”
From festive rooftops to movie-inspired spaces, we’re breaking down the best holiday pop-up bars spreading cheer in the 512.