Article Table Of Contents
There's a the age old question everyone thinks about when they decide to move to a city in Texas:
Should I buy a place or rent? Well, we aren't here today to solve that problem for you exactly. We are just assuming you'll do the right thing and a buy a place. And while we are happy to tell you the best place to live in Texas, this analysis is going to tackle the question of the best place to buy a house as an investor. That is we are going to try and determine the up and coming cities in the Lone Star State.
To do that we are going to look at places in Texas that are growing faster than average, but where home prices are below average. In every day terms, the "deals". The best deal in Texas at the moment? That would be Giddings according to our analysis.
Here's a look at the top ten places to buy a home in texas for 2020:
- Giddings (Photos | Homes For Sale)
- Livingston (Photos | Homes For Sale)
- Granite Shoals (Homes For Sale)
- Port Isabel (Photos | Homes For Sale)
- Bowie (Photos | Homes For Sale)
- McGregor (Homes For Sale)
- Bulverde (Homes For Sale)
- Willow Park (Homes For Sale)
- Gilmer (Photos | Homes For Sale)
- Brookshire (Homes For Sale)
What's the best place to buy a home in Texas for 2020? According to our analysis, would the the ideal place to buy a home looking into the future.
The methodology that wen't into this can be a bit complicated, so we'll break it down for you in as much detail as we can below. If you're not worried about finding a deal on good places to live, check out the most expensive places to live in texas and, for those of you on a budget, the cheapest places to live in texas.
For more Texas reading, check out:
- These Are The 10 Best Counties To Live In Texas
- 10 Best Places To Raise A Family In Texas
- These Are The 10 Best Places To Retire In Texas
The 10 Best Cities To Buy A House In Texas For 2020
The land where the city of Giddings now stands was part of the land granted to Stephen F. Austin in 1821 for a colony in Spanish Texas, and later became part of the Robertson Colony.
Granite Shoals was incorporated as a city by a vote of area residents in 1966. The original city comprised various sections of the Sherwood Shores subdivision, which was at the time the largest platted subdivision in the state of Texas. The Sherwood Shores subdivisions were created from the Phillips, Naumann and Ebeling ranches in 1962. In November 2005, residents voted to adopt a home rule charter to govern the city. In 2006, the city hired its first city manager.
Established as a town after the Mexican War of Independence, Port Isabel became an important cotton-exporting port before the American Civil War. The harbor, town and lighthouse all were fought over and exchanged hands during the Civil War.
On July 22, 1881, Bowie was incorporated as a town in Montague County, Texas. The town began to expand with the arrival of the Fort Worth and Denver Railway in 1882. In 1884, four men robbed the First National Bank of Bowie and allegedly left with over $10,000 in gold coins. Townspeople gave chase and eventually captured the robbers, who were hanged for their crimes. By 1913, the town had a population of more than five thousand and included the Bowie Commercial College.
How do you determine the best places to buy a home in texas for 2020?
We were in real estate for almost five years and have been working on this site for another three. Suffice is to say, we've put a lot of thought into what goes into finding a good place to buy a home.
So all that thinking has come to this moment where we get to spell out how we'd approach finding an up-and-coming place to live in Texas. Put differently, the analysis will try to find places in Texas with undervalued homes relative to pent up demand.
To do that we looked at the most recent American Community Survey Census data for 2014-2018 and compared it to the previous vintage (2012-2016). Specifically, we used the following criteria:
- Y-o-Y Change In Population (People want to live here)
- Y-o-Y Change In Median Home Prices (People are willing to pay for it)
- Home Prices Relative To The State Average (It's still kinda cheap)
We want places that are growing, have seen home prices increase in recent years, and are still "cheap" for Texas with the following caveats:
- Home prices had to be within 20% of the state average (Much lower than that and you get to some of the more dangerous places)
- Home prices increased in the last year, and
- Above 5,000 people (Bigger cities have more data points)
So of the 0 cities and towns in Texas, only 351 places made it through our initial filters to even be considered.
We then ranked each place from 1 to 351 for the criteria mentioned above with 1 being the best for that criteria. We averaged the rankings to create a "best place to buy" index with the place having the lowest index being the best. You can download the data here.
Turns out that Giddings is the best potential gem in the not-so-rough in the Lone Star State.
Read on for more on these places.
There You Have It - The Best Places To Purchase A House In texas for 2020
There's our analysis of the best places to buy a house in Texas. And, to be clear, we aren't necessarily saying these places are the best places to live, just that it looks like they might be in a couple of years based on the data.
In fact, every place in the following table meets our criteria, so even though it may not look super long, remember we started off with all 0 places in the state.
So if we'd could rent or buy in these cities, we'd definitely buy.
For more texas reading, check out: