Are you interested in getting your real estate license and becoming a real estate agent in Texas? In this post, we discuss whether 2020 is a good year to start a career in real estate and what cities in Texas are the best for real estate agents.
Is Texas Good for Real Estate in 2020?
Currently, the Texas housing market is 'cool', which makes it a buyer's market. These market trends are just the first of many which point to the fact that Texas is one of the best states to invest in real estate.
In 2020, the median home value in Texas is $211,199, and home values have increased by 3% over the past year. According to Zillow, home values will drop by -2% over the next year, cooling the market even more and making it suitable for buyers.
Research and Methodology
When asking ourselves the question, "what are the best cities to be a real estate agent in Texas", we looked at three separate factors and data types.
- Salary Potential for Real Estate Agents
- Cost of Living Compared to National Average
- Job Opportunities
|City||Real Estate Agent Salary||Cost of Living (Compared to the National Average)|
- Average Salary: $69,380
- Cost of Living: ▼3%
Austin remains one of the most desirable cities to live in the United States due to its warm weather, affordable housing, and rich cultural locale. Additionally, Austin provides the a variety of locations including dense, urban environments to small residential neighborhoods.
Austin is number 1 on our list of the best cities to be a real estate agent in Texas as there is a high income potential, the cost of living is lower than the national average, and there is a generally high demand for agents and their services.
- Average Salary: $63,700
- Cost of Living: ▼2%
The Houston metro area attracts people with an entrepreneurial spirit and those who want to work at some of the country's largest companies.U.S. News - Real Estate
Houston ranks number 2 on our list due to its high average salary and vast employment opportunities. With neighborhoods like River Oaks, popular suburbs like The Woodlands, Sugar Land, and Katy, and with a large international population, Houston offers a wide variety of markets for real estate agents to explore.
- Average Salary: $66,700
- Cost of Living: ▼8%
The birth place of rock-and-roll legend, Buddy Holly, Lubbock, Texas makes number 3 on our list of the best places to be a real estate sales agent in Texas.
Lubbock has the 3rd highest average salary for agents at $66,700, and an 8% lower cost of living than the national average. With a growing population and growing job opportunities, Lubbock is an excellent place to start a new career.
- Average Salary: $54,790
- Cost of Living: ▲2%
5. Fort Worth
- Average Salary: $59,500
- Cost of Living: ▲2%
6. El Paso
- Average Salary: $43,700
- Cost of Living: ▼10%
- Average Salary: $70,950
- Cost of Living: ▼14%
Written and Published by: VanEd