Everything’s bigger in Texas, including the opportunities to become a successful real estate agent. With its diverse cities and thriving property markets, it’s not a surprise that many agents would want to work in the Lone Star State.
But Texas is the largest state in the continental U.S., with over a thousand incorporated cities. How do you know where is the best place to work? Here, we'll discuss the best areas for you to be a real estate agent.
How Is the Texas Real Estate Market?
According to the Texas Comptroller, the Texas land price index for single-family homes has increased by 122 percent since 2000 compared with 95 percent nationally. Add in the fact that more than half a million people moved to the state in 2020, and you have a booming real estate market. These market trends are just the first of many that point to the fact that Texas is one of the best states to invest in real estate.
Buyer's Market vs. Seller's Market
In 2022, the median home value in Texas is $315,000 average home value, although there are many communities and towns where the average home cost exceeds $1 million. According to Zillow, home values will drop by 1.0% over the next year, cooling the market even more and making it suitable for buyers.
As of last January, many of the most expensive homes in Texas can be found in the Houston and Highland Park areas, where homes can reach nearly $30 million. In these communities, the average home costs $2,345,663.
How Much Do Real Estate Agents Make in Texas?
Texas real estate agents get an average base pay of $85,230 annually, which is 11% less than the national average. The lower-end earners rake in $42,285 annually, while those at the top of the bracket earn $171,792 annually.
Many real estate agents have a fixed wage plus a supplementary commission. Some of them can continue to work steadily and successfully while only receiving commissions. Depending on the business a real estate agent works for, this may change. Real estate agents frequently get money from the home that they successfully assist a client in buying, renting, or selling.
Cities with the Highest Earnings for Real Estate Agents in Texas
Cities with the highest earnings for real estate agents in Texas:
1.Haslet, TX - $101,388 per year
A lovely suburb outside of Fort Worth, this town is growing by leaps and bounds. Largely viewed as one of the best places to live in Texas.
2.Dallas, TX - $98,392 per year
Dallas remains one of the fastest-growing cities in the U.S. and one of the best cities to live in America. There is a lot of potential for new real estate agents to enter the market because Dallas has a lower level of competition than somewhere larger, like New York City.
3.Austin, TX - $94,275 per year
Austin's housing market is expected to continue growing, making it an attractive real estate agent location. With a higher median wage and fast-growing industries, Austin offers high rates for career development.
4.San Antonio, TX - $89,545 per year
San Antonio, a thriving city with a rich cultural heritage, is known for its affordability and safe neighborhoods, making it a desirable location for residents in Texas. San Antonio offers a lot to a real estate agent looking to start out.
5.Southlake, TX - $85,641 per year
Southlake is a desirable location for families and professionals due to its top-rated public schools, job opportunities, and diverse recreational activities. More families mean long-term residents, every real estate agent's dream.
6.Houston, TX - $84,141 per year
Houston has affordable housing, a low cost of living, no state income tax, and a diversified culture. It's an excellent starting point for newcomers, real estate agents included.
7.Amarillo, TX - $73,199 per year
Amarillo, Texas, is one of the best locations to live in the United States, given its location in the Texas Panhandle. A new real estate agent can flourish in Amarillo since there is less competition than in larger cities, and there is plenty of room for growth.
How Do You Choose the Best Place for You?
It takes more than just looking at real estate listings or median salaries to determine the best cities to work as a real estate agent. It's about locating the location that you adore as well. Look through some well-known cities and their homes to choose a location you believe you'll adore.
Remember that real estate agents can only work in the state where they have a license. If you are currently enrolled in pre-licensing or real estate classes in one location, you should make a decision right away about whether you want to work there or transfer to a different market.
How Does Your Location Impact Your Ability to Find Work?
The location of a real estate agent typically affects how much money they make on average. However, in contrast, living expenses are typically lower in places with fewer possibilities for producing an income. So, it depends on what you're after.
When starting out as a real estate professional, it's typically advisable to invest in continuing education courses and relocate to a place with moderate-to-high growth rather than significant growth.
Get Started on Your Certification
You can start your journey to a career in real estate today. Enrolling in an online real estate school like VanEd is easier, faster, and more cost-effective than earning a traditional degree from a college or university. You can complete your training from the comfort of your home using VanEd's online courses, which meet Texas’ requirements. Enroll now!
Written and Published by: VanEd
