Real Estate Report

Crazy number of people are moving to Texas shows new report

Texas is tops again.

Photo courtesy of Fort Worth CVB

Think everyone's moving to Texas? You're right. A new report from the Texas Association of Realtors says that the Lone Star State ranked second in the nation for relocation activity in 2015, behind only Florida.

Texas experienced a net gain of 107,689 out-of-state residents in 2015, a 4 percent increase from 2014, says the report.

“The diverse job opportunities and high quality of life in Texas continue to drive in-state and out-of-state migration to Texas cities and counties, both big and small,” says Vicki Fullerton, 2017 chairman of the association, in a release. “This is the third consecutive year that Texas has gained more than 500,000 new residents from out of state.”

In 2015, a whopping 553,032 folks migrated to Texas from out of state, an increase of 2.8 percent year-over-year. The highest number of new Texans came from California, followed by Florida, Louisiana, New York, and Oklahoma. At the same time, however, 445,343 Texans left the state for greener pastures. And where'd they go? California, Florida, Oklahoma, Colorado, and Louisiana.

The report also drills down to the metro level, showing that Dallas-Fort Worth had the most new out-of-state residents: 117,982. Houston followed with 101,604, and Austin-Round Rock was third with 46,598. At the county level, Harris picked up the most new out-of-state residents, followed by Bexar, Dallas, Tarrant, and Travis.

It turns out that Houston and Austin were responsible for the largest number of Texas residents moving to and from DFW. The same can be said for Los Angeles and New York regarding out-of-state moves. Here's a breakdown of who's moving to Dallas-Fort Worth:

Top five Texas metros moving to Dallas-Fort Worth:

Houston
Austin
San Antonio
Lubbock
Killeen

Top five out-of-state metros moving to Dallas-Fort Worth:

Los Angeles
New York
Chicago
Atlanta
Washington

texas reports

Elite address

One Texas community makes list of the richest small towns in America

Photo courtesy of Compass

Bunker Hill Village is a coveted address in the Houston area.

An upscale community in Texas is among the top 10 richest towns in America, according to a new 2024 report. The community is Bunker Hill Village in Houston, and it's home to the richest residents in Texas. Sorry, Colonial Hills.

The analysis, by loan provider TitleMax, lists the 50 richest small towns — one from each state — using median household income data from the U.S. Census Bureau. In Bunker Hill Village, the median household income is about $250,000, the report says.

Of course, "small town" is a bit of a misnomer for Bunker Hill Village. Situated 13 miles west of downtown Houston, Bunker Hill joins five other communities – Hunters Creek, HiIlshire, Hedwig, Piney Point, and Spring Valley – to make up Houston's iconic Memorial Villages. In 2023, Bunker Hill was ranked the third-most expensive Houston neighborhood, with homes on the market for upwards of $2.7 million.

Notably, the area is home to Houston's only Frank Lloyd Wright-designed house.

"We are very proud of our quiet, wooded environment, and as a community, we work hard to preserve it for future generations," the city's website says.

The study found that more than half (56.5 percent) of the 1,250-home community make over $200,000 a year, while the enclave's median household income amounts to $247,188.

To put that into perspective, TitleMax revealed that the national median household income is $67,521. The Census Bureau's 2023 American Community Survey estimates the median income of a household in Texas came out to $75,780 in 2023.

Bunker Hill joins the likes of Houston's Bellaire and West University Place as some of the most affluent suburbs in America. The North Texas suburb of Southlake also made it on that list.

The No. 1 slot went to Monte Sereno, a suburb of San Jose, California with a median household income of more than $250,000, according to the report.

"While many people consider cities to be the epicenters of the rich, many retreat to small towns that offer safety, beauty, and privacy," the report's author wrote.

These are the top 10 wealthiest small towns in America, with their median household incomes:

No. 1 – Monte Sereno, California ($250,000-plus)
No. 2 – Cherry Hills Village, Colorado ($250,000-plus)
No. 3 – Mission Hills, Kansas ($250,000-plus)
No. 4 – Short Hills, New Jersey ($250,000-plus)
No. 5 – Scarsdale, New York ($250,000-plus)
No. 6 – Belle Meade, Tennessee ($250,000-plus)
No. 7 – Glencoe, Illinois ($248,851)
No. 8 – Bunker Hill Village, Texas ($247,188)
No. 9 – Clyde Hill, Washington ($238,958)
No. 10 – Chevy Chase Village, Maryland ($238,333)

The full report can be found on titlemax.com.

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