Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

91
Posts
9
Votes
Kent Ford
9
Votes |
91
Posts

Is the Texas Housing Market Still a Buyer’s Paradise in 2024?

Kent Ford
Posted

With rising property values and high demand across the state, do you think Texas is still an affordable option for first-time homebuyers? What trends or areas are you seeing emerge as the new buyer hotspots?

User Stats

396
Posts
147
Votes
Brandon Croucier
Lender
  • Lender
  • Newport Beach, CA
147
Votes |
396
Posts
Brandon Croucier
Lender
  • Lender
  • Newport Beach, CA
Replied

Texas is affordable, but we are seeing supply increase and demand decrease.

Sales are down 8% YOY and average time on market is up 35% YOY.

Prices the past 3 months have been slashed pretty substantially.

Be safe, invest smart.

User Stats

104
Posts
57
Votes
Tatum Littleton
Agent
  • Real Estate Agent
  • Austin, TX
57
Votes |
104
Posts
Tatum Littleton
Agent
  • Real Estate Agent
  • Austin, TX
Replied

That's a good but tough question to answer. There are a lot of different opinions on if it is even a buyer's market or seller's market. Probably would lean somewhat towards buyer's market but still relatively in the middle. The housing availability is one of the big factors pulling towards a sellers market but there are a lot of new initiatives for new builds within Texas. Rates coming down helps the buyers by allowing more into the market. So my answer would be... yes? Maybe? 

But some nice spots for first-time homebuyers. I have seen areas just south of Austin (Kyle and Buda) or San Antonio. Speaking of the amount of housing, there are things pointing to growth in that sector especially in Texas as more companies move to Texas, but there are many areas of Texas where companies move for different reasons. It is an interesting time obviously with an election and rates coming down and potentially a good amount of inventory being built but as the fall and winter come fewer people who put existing homes on the market which reduces competition for those first-time home buyers. So again I think it's still a hard question to answer but a good conversation to have. But, that's just my opinion, I look forward to hearing about others. 

eXp Realty-Tatum Littleton Logo
BiggerPockets logo
Time to Refi? Get the Best Loan
|
BiggerPockets
Lender Finder helps secure the best loan for your strategy. Easily connect with top investor-friendly lenders now to lock in lowered rates. 🔒

User Stats

1,446
Posts
909
Votes
Jay Hurst
Lender
  • Lender
  • Dallas, TX
909
Votes |
1,446
Posts
Jay Hurst
Lender
  • Lender
  • Dallas, TX
Replied
Quote from @Kent Ford:

With rising property values and high demand across the state, do you think Texas is still an affordable option for first-time homebuyers? What trends or areas are you seeing , but emerge as the new buyer hotspots?


 Make sure you understand property taxes and insurance costs in Texas if you are not local. The prices, on the surface, but have to understand the total carrying costs are higher then most other states.

  • Lender Alabama (#69841), Virginia (#MLO-35815VA), Texas (#323441), Pennsylvania (#64778), Oregon (#323441), Louisiana (#323411), Iowa (#31166), Georgia (#55988), Florida (#LO40080), and Colorado (#100506224)

User Stats

2,706
Posts
1,893
Votes
Alecia Loveless
Pro Member
1,893
Votes |
2,706
Posts
Alecia Loveless
Pro Member
Replied

@Kent Ford Taxes can be outrageous in Texas. My family has an extensive portfolio of SFH in the DFW metroplex and has seen the property taxes go up over 100% across the whole portfolio in the last 3 years and it's no end to the increases in sight.

Many municipalities are doing lots of infrastructure upgrades currently and have more planned for the future due to population growth.

Be sure to look at the property taxes going back several years before you commit to a purchase.

  • Alecia Loveless
  • User Stats

    4,805
    Posts
    3,391
    Votes
    Jordan Moorhead
    Agent
    • Real Estate Agent
    • Austin, TX
    3,391
    Votes |
    4,805
    Posts
    Jordan Moorhead
    Agent
    • Real Estate Agent
    • Austin, TX
    Replied

    @Kent Ford "Texas" is made up of many different housing markets. First time buyers is vague too because it doesn't differentiate between investors and home buyers. Investors tend to buy where the numbers work best and home buyers buy where they want to live.

    For buyers in Austin the markets on the edge of the metro are more affordable and growing very rapidly for instance.

    User Stats

    841
    Posts
    1,736
    Votes
    Travis Timmons#3 Buying & Selling Real Estate Contributor
    • Rental Property Investor
    • Ellsworth, ME
    1,736
    Votes |
    841
    Posts
    Travis Timmons#3 Buying & Selling Real Estate Contributor
    • Rental Property Investor
    • Ellsworth, ME
    Replied

    There are 30 million people in Texas spread across a huge landmass. That's like asking, "Does food taste good?"

    User Stats

    91
    Posts
    9
    Votes
    Kent Ford
    9
    Votes |
    91
    Posts
    Kent Ford
    Replied
    Quote from @Brandon Croucier:

    Texas is affordable, but we are seeing supply increase and demand decrease.

    Sales are down 8% YOY and average time on market is up 35% YOY.

    Prices the past 3 months have been slashed pretty substantially.

    Be safe, invest smart.




    That's an interesting observation about the Texas market. With supply increasing and demand decreasing, how do you see this trend impacting investment strategies moving forward? Are there specific areas in Texas where you're noticing bigger shifts in prices or market activity? I'd love to connect and hear more about your insights and how you're approaching investments in this changing environment.

    User Stats

    91
    Posts
    9
    Votes
    Kent Ford
    9
    Votes |
    91
    Posts
    Kent Ford
    Replied
    Quote from @Alecia Loveless:

    @Kent Ford Taxes can be outrageous in Texas. My family has an extensive portfolio of SFH in the DFW metroplex and has seen the property taxes go up over 100% across the whole portfolio in the last 3 years and it's no end to the increases in sight.

    Many municipalities are doing lots of infrastructure upgrades currently and have more planned for the future due to population growth.

    Be sure to look at the property taxes going back several years before you commit to a purchase.



    That's a great point about property taxes in Texas, especially with such significant increases in recent years. It sounds like managing a portfolio in the DFW metroplex presents its own unique challenges. How are you adapting to these rising taxes, and do you foresee any strategies to mitigate the impact long-term? It would be great to connect and learn more about how you’re handling this across your portfolio and how it might shape future investments in Texas.

    User Stats

    91
    Posts
    9
    Votes
    Kent Ford
    9
    Votes |
    91
    Posts
    Kent Ford
    Replied
    Quote from @Jay Hurst:
    Quote from @Kent Ford:

    With rising property values and high demand across the state, do you think Texas is still an affordable option for first-time homebuyers? What trends or areas are you seeing , but emerge as the new buyer hotspots?


     Make sure you understand property taxes and insurance costs in Texas if you are not local. The prices, on the surface, but have to understand the total carrying costs are higher then most other states.




    That's a really important point about property taxes and insurance in Texas. It can definitely catch out-of-state investors off guard. In your experience, how have you seen these costs impact long-term ROI? Are there specific areas or strategies where investors might be able to mitigate these carrying costs while still getting good returns? I'd love to hear more about how you're approaching this in your investments.


    User Stats

    91
    Posts
    9
    Votes
    Kent Ford
    9
    Votes |
    91
    Posts
    Kent Ford
    Replied
    Quote from @Jordan Moorhead:

    @Kent Ford "Texas" is made up of many different housing markets. First time buyers is vague too because it doesn't differentiate between investors and home buyers. Investors tend to buy where the numbers work best and home buyers buy where they want to live.

    For buyers in Austin the markets on the edge of the metro are more affordable and growing very rapidly for instance.




    That's a great point about Texas being made up of many different housing markets, each with its own dynamics. When it comes to the more affordable, rapidly growing areas on the edge of metros like Austin, do you think there's more potential for long-term growth for investors, or is it more suited to home buyers looking for a place to settle? How do you think these peripheral markets will evolve in the next few years, especially as both groups continue to look for opportunities? I'd love to hear your thoughts on balancing affordability and growth in those areas.

    User Stats

    91
    Posts
    9
    Votes
    Kent Ford
    9
    Votes |
    91
    Posts
    Kent Ford
    Replied
    Quote from @Travis Timmons:

    There are 30 million people in Texas spread across a huge landmass. That's like asking, "Does food taste good?"


    That's a great analogy! With such a large and diverse population across Texas, I imagine different regions have unique real estate trends, demands, and opportunities. What are some of the key factors you think influence these varying markets across Texas? Are there specific regions you feel are more favorable for investors right now compared to others? I'd love to hear your thoughts on how you navigate such a broad and diverse state when it comes to real estate.

    User Stats

    1,245
    Posts
    1,186
    Votes
    Ryan Kelly
    Agent
    • Real Estate Broker
    • Austin, TX
    1,186
    Votes |
    1,245
    Posts
    Ryan Kelly
    Agent
    • Real Estate Broker
    • Austin, TX
    Replied

    @Kent Ford Texas is not a market but a massive state nearly the size of Western Europe. There are dozens of metro area which all have different dynamics at play. Which market IN Texas will dictate your answer.

    • Real Estate Agent

    BiggerPockets logo
    PassivePockets is here!
    |
    BiggerPockets
    Find sponsors, evaluate deals, and learn how to invest with confidence.

    User Stats

    7
    Posts
    2
    Votes
    Kevin Guerin
    Agent
    Property Manager
    • Real Estate Agent
    • Austin, TX
    2
    Votes |
    7
    Posts
    Kevin Guerin
    Agent
    Property Manager
    • Real Estate Agent
    • Austin, TX
    Replied

    Investors should always look to invest in markets that have population growth, and not where people are fleeing. Texas leads the nation in that category. 

    See article from the US Census about growth and population decline:

    https://www.census.gov/newsroom/press-releases/2023/population-trends-return-to-pre-pandemic-norms.html#:~:text=Texas%20experienced%20the%20largest%20numeric,%25%2C%20respectively%2C%20in%202023.

    User Stats

    3,176
    Posts
    2,768
    Votes
    Joe S.
    Pro Member
    • Investor
    • San Antonio
    2,768
    Votes |
    3,176
    Posts
    Joe S.
    Pro Member
    • Investor
    • San Antonio
    Replied


    Well, it depends who you’re asking. If I didn’t live in Texas, I probably would not be buying here due to HIGH taxes… 

  • Joe S.
  • User Stats

    2,144
    Posts
    2,585
    Votes
    John Morgan
    Pro Member
    • Rental Property Investor
    • Grand Prairie, TX
    2,585
    Votes |
    2,144
    Posts
    John Morgan
    Pro Member
    • Rental Property Investor
    • Grand Prairie, TX
    Replied

    @Kent Ford

    I've got 18 SFR in the DFW area. Property taxes and insurance have gone up on average of $100 year after year. Some of my properties insurance and taxes go up over $200 every year. And I'm in the affordable/cheaper C+ class hoods with rent in the 1800-$2200 range. I try to pass that onto my tenants, but most are struggling with their rent as is since inflation/cost of living over the past few years have wiped them out. Just factor that in your numbers. And expect insurance to keep sky rocketing due to all these storms.

  • John Morgan
  • User Stats

    2,186
    Posts
    2,093
    Votes
    Mike H.
    • Rental Property Investor
    • Manteno, IL
    2,093
    Votes |
    2,186
    Posts
    Mike H.
    • Rental Property Investor
    • Manteno, IL
    Replied
    Quote from @Jay Hurst:
    Quote from @Kent Ford:

    With rising property values and high demand across the state, do you think Texas is still an affordable option for first-time homebuyers? What trends or areas are you seeing , but emerge as the new buyer hotspots?


     Make sure you understand property taxes and insurance costs in Texas if you are not local. The prices, on the surface, but have to understand the total carrying costs are higher then most other states.


     Try comparing texas to illinois.  Its not even close.  The taxes in the towns i'm here in illinois are 3.1 to 3.4% of the assessed value.  And our assessed values are very close to actual values.  So a 300k home owner is paying close to 10k a year in proprty taxes.  Some towns are a little better than 3's.  But still. I know in tennesse there are 300k houses paying like 600 bucks a year in property taxes.  

    How bad can texas really be?  Compared to tennessee, maybe they are bad.  But nobody compares to illinois. :-)

    User Stats

    1,446
    Posts
    909
    Votes
    Jay Hurst
    Lender
    • Lender
    • Dallas, TX
    909
    Votes |
    1,446
    Posts
    Jay Hurst
    Lender
    • Lender
    • Dallas, TX
    Replied
    Quote from @Mike H.:
    Quote from @Jay Hurst:
    Quote from @Kent Ford:

    With rising property values and high demand across the state, do you think Texas is still an affordable option for first-time homebuyers? What trends or areas are you seeing , but emerge as the new buyer hotspots?


     Make sure you understand property taxes and insurance costs in Texas if you are not local. The prices, on the surface, but have to understand the total carrying costs are higher then most other states.


     Try comparing texas to illinois.  Its not even close.  The taxes in the towns i'm here in illinois are 3.1 to 3.4% of the assessed value.  And our assessed values are very close to actual values.  So a 300k home owner is paying close to 10k a year in proprty taxes.  Some towns are a little better than 3's.  But still. I know in tennesse there are 300k houses paying like 600 bucks a year in property taxes.  

    How bad can texas really be?  Compared to tennessee, maybe they are bad.  But nobody compares to illinois. :-)

     Yeah, it is not THE highest (but there are areas around Houston that have 3.6% property taxes.  That is rare as most rates are around 2.3-2.8%.)  But, that is still much higher then MOST states. This site list Texas as the 7th highest property net taxeshttps://taxfoundation.org/data/all/state/property-taxes-by-s...

    But, I talk to folks often looking to invest in Texas thinking it is a low tax state and are shocked by the property taxes. So, it is just a matter of understanding all the costs. Plus, insurance rates are high in Texas as well. NAR says it has the 4th highest rate: https://www.nar.realtor/magazine/real-estate-news/states-whe...

    Sure, not nearly as high as FLA but still more expensive then the average state and is the only state on the top ten on both the property tax and insurance list. 

    • Lender Alabama (#69841), Virginia (#MLO-35815VA), Texas (#323441), Pennsylvania (#64778), Oregon (#323441), Louisiana (#323411), Iowa (#31166), Georgia (#55988), Florida (#LO40080), and Colorado (#100506224)

    User Stats

    91
    Posts
    9
    Votes
    Kent Ford
    9
    Votes |
    91
    Posts
    Kent Ford
    Replied
    Quote from @Ryan Kelly:

    @Kent Ford Texas is not a market but a massive state nearly the size of Western Europe. There are dozens of metro area which all have different dynamics at play. Which market IN Texas will dictate your answer.

    You're absolutely right! Texas is such a vast state with incredibly diverse real estate markets, each with its own unique trends and opportunities. From Dallas to Houston, Austin to Waco, each metro area tells a different story. Which specific market in Texas are you focused on? Knowing the location will help tailor the advice or strategy to that area’s dynamics.

    User Stats

    91
    Posts
    9
    Votes
    Kent Ford
    9
    Votes |
    91
    Posts
    Kent Ford
    Replied
    Quote from @Kevin Guerin:

    Investors should always look to invest in markets that have population growth, and not where people are fleeing. Texas leads the nation in that category. 

    See article from the US Census about growth and population decline:

    https://www.census.gov/newsroom/press-releases/2023/population-trends-return-to-pre-pandemic-norms.html#:~:text=Texas%20experienced%20the%20largest%20numeric,%25%2C%20respectively%2C%20in%202023.

    Absolutely, population growth is a key indicator for real estate investing! With Texas consistently leading in population growth, it's no wonder it's a hotspot for investors. Which specific areas or cities in Texas are you most interested in exploring for opportunities? It would be great to discuss how these population trends could impact real estate dynamics in those regions.

    User Stats

    91
    Posts
    9
    Votes
    Kent Ford
    9
    Votes |
    91
    Posts
    Kent Ford
    Replied
    Quote from @John Morgan:

    @Kent Ford

    I've got 18 SFR in the DFW area. Property taxes and insurance have gone up on average of $100 year after year. Some of my properties insurance and taxes go up over $200 every year. And I'm in the affordable/cheaper C+ class hoods with rent in the 1800-$2200 range. I try to pass that onto my tenants, but most are struggling with their rent as is since inflation/cost of living over the past few years have wiped them out. Just factor that in your numbers. And expect insurance to keep sky rocketing due to all these storms.

    Thanks for sharing your experience! It's definitely tough when taxes and insurance keep rising, especially with tenants already feeling the strain. Have you explored any strategies for managing these cost increases without placing too much burden on your tenants? Maybe creative financing options or shifting property classes could help ease the pressure. Curious to hear how others in the DFW area are handling this too!

    User Stats

    2,144
    Posts
    2,585
    Votes
    John Morgan
    Pro Member
    • Rental Property Investor
    • Grand Prairie, TX
    2,585
    Votes |
    2,144
    Posts
    John Morgan
    Pro Member
    • Rental Property Investor
    • Grand Prairie, TX
    Replied
    Quote from @Kent Ford:
    Quote from @John Morgan:

    @Kent Ford

    I've got 18 SFR in the DFW area. Property taxes and insurance have gone up on average of $100 year after year. Some of my properties insurance and taxes go up over $200 every year. And I'm in the affordable/cheaper C+ class hoods with rent in the 1800-$2200 range. I try to pass that onto my tenants, but most are struggling with their rent as is since inflation/cost of living over the past few years have wiped them out. Just factor that in your numbers. And expect insurance to keep sky rocketing due to all these storms.

    Thanks for sharing your experience! It's definitely tough when taxes and insurance keep rising, especially with tenants already feeling the strain. Have you explored any strategies for managing these cost increases without placing too much burden on your tenants? Maybe creative financing options or shifting property classes could help ease the pressure. Curious to hear how others in the DFW area are handling this too!

    I target cheap C+ class homes because turnovers amongst this class of tenants is almost zero, and the profits are much higher. Affordable/starter homes in the DFW area tend to appreciate much better than higher end homes. So I’m sticking with my strategy investing in working class hoods near major freeways and downtowns. I have shifted in the last 3 years to renting by the room at 4 of my properties for much better cash flow. But I’m confident market rent will come up to meet inflation and the cost of housing. 
  • John Morgan
  • User Stats

    3,176
    Posts
    2,768
    Votes
    Joe S.
    Pro Member
    • Investor
    • San Antonio
    2,768
    Votes |
    3,176
    Posts
    Joe S.
    Pro Member
    • Investor
    • San Antonio
    Replied
    Quote from @John Morgan:
    Quote from @Kent Ford:
    Quote from @John Morgan:

    @Kent Ford

    I've got 18 SFR in the DFW area. Property taxes and insurance have gone up on average of $100 year after year. Some of my properties insurance and taxes go up over $200 every year. And I'm in the affordable/cheaper C+ class hoods with rent in the 1800-$2200 range. I try to pass that onto my tenants, but most are struggling with their rent as is since inflation/cost of living over the past few years have wiped them out. Just factor that in your numbers. And expect insurance to keep sky rocketing due to all these storms.

    Thanks for sharing your experience! It's definitely tough when taxes and insurance keep rising, especially with tenants already feeling the strain. Have you explored any strategies for managing these cost increases without placing too much burden on your tenants? Maybe creative financing options or shifting property classes could help ease the pressure. Curious to hear how others in the DFW area are handling this too!

    I target cheap C+ class homes because turnovers amongst this class of tenants is almost zero, and the profits are much higher. Affordable/starter homes in the DFW area tend to appreciate much better than higher end homes. So I’m sticking with my strategy investing in working class hoods near major freeways and downtowns. I have shifted in the last 3 years to renting by the room at 4 of my properties for much better cash flow. But I’m confident market rent will come up to meet inflation and the cost of housing. 
    Do you personally manage rent by the room?  I’ve had several properties where the houses would’ve been a good fit in my opinion I just was nervous to be the manager myself.
  • Joe S.
  • BiggerPockets logo
    BiggerPockets
    |
    Sponsored
    Find an investor-friendly agent in your market TODAY Get matched with our network of trusted, local, investor friendly agents in under 2 minutes

    User Stats

    2,144
    Posts
    2,585
    Votes
    John Morgan
    Pro Member
    • Rental Property Investor
    • Grand Prairie, TX
    2,585
    Votes |
    2,144
    Posts
    John Morgan
    Pro Member
    • Rental Property Investor
    • Grand Prairie, TX
    Replied
    Quote from @Joe S.:
    Quote from @John Morgan:
    Quote from @Kent Ford:
    Quote from @John Morgan:

    @Kent Ford

    I've got 18 SFR in the DFW area. Property taxes and insurance have gone up on average of $100 year after year. Some of my properties insurance and taxes go up over $200 every year. And I'm in the affordable/cheaper C+ class hoods with rent in the 1800-$2200 range. I try to pass that onto my tenants, but most are struggling with their rent as is since inflation/cost of living over the past few years have wiped them out. Just factor that in your numbers. And expect insurance to keep sky rocketing due to all these storms.

    Thanks for sharing your experience! It's definitely tough when taxes and insurance keep rising, especially with tenants already feeling the strain. Have you explored any strategies for managing these cost increases without placing too much burden on your tenants? Maybe creative financing options or shifting property classes could help ease the pressure. Curious to hear how others in the DFW area are handling this too!

    I target cheap C+ class homes because turnovers amongst this class of tenants is almost zero, and the profits are much higher. Affordable/starter homes in the DFW area tend to appreciate much better than higher end homes. So I’m sticking with my strategy investing in working class hoods near major freeways and downtowns. I have shifted in the last 3 years to renting by the room at 4 of my properties for much better cash flow. But I’m confident market rent will come up to meet inflation and the cost of housing. 
    Do you personally manage rent by the room?  I’ve had several properties where the houses would’ve been a good fit in my opinion I just was nervous to be the manager myself.
    Yes, I self manage the rent by the room houses. It’s easy. And the profits are high. Mine are in bad areas, but I’m still getting $800/month per room on average. I pay all utilities and make them pet friendly. 
  • John Morgan
  • User Stats

    4,805
    Posts
    3,391
    Votes
    Jordan Moorhead
    Agent
    • Real Estate Agent
    • Austin, TX
    3,391
    Votes |
    4,805
    Posts
    Jordan Moorhead
    Agent
    • Real Estate Agent
    • Austin, TX
    Replied
    Quote from @Kent Ford:
    Quote from @Jordan Moorhead:

    @Kent Ford "Texas" is made up of many different housing markets. First time buyers is vague too because it doesn't differentiate between investors and home buyers. Investors tend to buy where the numbers work best and home buyers buy where they want to live.

    For buyers in Austin the markets on the edge of the metro are more affordable and growing very rapidly for instance.




    That's a great point about Texas being made up of many different housing markets, each with its own dynamics. When it comes to the more affordable, rapidly growing areas on the edge of metros like Austin, do you think there's more potential for long-term growth for investors, or is it more suited to home buyers looking for a place to settle? How do you think these peripheral markets will evolve in the next few years, especially as both groups continue to look for opportunities? I'd love to hear your thoughts on balancing affordability and growth in those areas.

     In y investing experience nice, affordable areas grow quicker than more expensive areas. Because of this prices go up more quickly and benefit both investors and homeowners. If a place is affordable now and desirable to live in it won't be affordable for long!

    User Stats

    2,186
    Posts
    2,093
    Votes
    Mike H.
    • Rental Property Investor
    • Manteno, IL
    2,093
    Votes |
    2,186
    Posts
    Mike H.
    • Rental Property Investor
    • Manteno, IL
    Replied
    Quote from @Jay Hurst:
    Quote from @Mike H.:
    Quote from @Jay Hurst:
    Quote from @Kent Ford:

    With rising property values and high demand across the state, do you think Texas is still an affordable option for first-time homebuyers? What trends or areas are you seeing , but emerge as the new buyer hotspots?


     Make sure you understand property taxes and insurance costs in Texas if you are not local. The prices, on the surface, but have to understand the total carrying costs are higher then most other states.


     Try comparing texas to illinois.  Its not even close.  The taxes in the towns i'm here in illinois are 3.1 to 3.4% of the assessed value.  And our assessed values are very close to actual values.  So a 300k home owner is paying close to 10k a year in proprty taxes.  Some towns are a little better than 3's.  But still. I know in tennesse there are 300k houses paying like 600 bucks a year in property taxes.  

    How bad can texas really be?  Compared to tennessee, maybe they are bad.  But nobody compares to illinois. :-)

     Yeah, it is not THE highest (but there are areas around Houston that have 3.6% property taxes.  That is rare as most rates are around 2.3-2.8%.)  But, that is still much higher then MOST states. This site list Texas as the 7th highest property net taxeshttps://taxfoundation.org/data/all/state/property-taxes-by-s...

    But, I talk to folks often looking to invest in Texas thinking it is a low tax state and are shocked by the property taxes. So, it is just a matter of understanding all the costs. Plus, insurance rates are high in Texas as well. NAR says it has the 4th highest rate: https://www.nar.realtor/magazine/real-estate-news/states-whe...

    Sure, not nearly as high as FLA but still more expensive then the average state and is the only state on the top ten on both the property tax and insurance list. 


     Wow. I knew texas was bad but I didn't know they were in the 2.3 to 2.8.  Still way better than us here in illinois  But I could definitely see how its bad compared to most other areas like tennessee, indiana (1% for homeowners and 2% for investors max).