Austin ranks among one of the top “house rich” cities in the US, according to a new analysis from All Star Home, an online resource for homeowners.
If you’re thinking, “Okay, but what does that mean?” let’s break it down.
What it means to be “house rich”
All Star Home defines a “house rich” community as a city where housing is affordable and the majority of people live in homes they own. “House rich” scores were developed using census data on:
- Median home values
- Median household incomes
- Homeownership rates
How Austin compares
Austin’s “house rich” score ranked No. 16 among the 25 largest cities in the US. This placed the Capital City above Denver and San Jose, CA, but below every other major city in Texas.
Notably, El Paso took the No. 1 spot, with Fort Worth and San Antonio also ranking Nos. 4 and 5, respectively.