The affordability of housing in Texas is driven not just by the availability of land but also by a business-friendly environment and more affordable labor. This has had an obvious impact on building costs, which consequently helps make homes cheaper overall.

There are currently 153,401 homes for sale in Texas. The median list price in Texas is $389,000 and the average price per square foot is $182.

The cost of living in Texas is 7% lower than the national average. Housing is 17% lower than the national average, while utilities are 3% higher. When it comes to basic necessities such as food and clothing, groceries are around 4% lower than in the rest of the country, while clothing costs 4% lower.

"Higher mortgage rates deterred some buyers in 2023, but even so, the overall median price of homes in Texas saw only a slight decline, 1.4 percent, compared to 2022, with the majority of metro areas seeing slight median price increases.