Texas · as of September 2026
What counts as luxury real estate in Texas
The convention this site uses
In Texas, this site treats homes at $1M and above as luxury. That is our own fixed band, set so the covered markets are the ones where the top of the market actually trades at that level. It is not a loan limit and it is not a median; the medians below are the middle of each market, and luxury inventory trades well above them. The rule and its reasoning are on the methodology page.
Texas's luxury markets by home value
Zillow Home Value Index, typical middle-tier home, latest month.
| Market | Median value | Ranked agents |
|---|---|---|
| Westlake | $3,191,000 | 10 |
| Highland Park | $3,040,000 | 11 |
| University Park | $2,473,000 | 10 |
| Rollingwood | $2,324,000 | 10 |
| Southlake | $1,318,000 | 11 |
| Bellaire | $1,177,000 | 10 |
| Colleyville | $919,000 | 10 |
| Terrell Hills | $918,000 | 10 |
| Frisco | $530,000 | 15 |
| Austin | $485,000 | 11 |
| Plano | $485,000 | 13 |
| Preston Hollow | $445,000 | 13 |
| Sugar Land | $445,000 | 10 |
| Boerne | $400,000 | 11 |
| Dallas | $380,000 | 12 |
| Fort Worth | $340,000 | 12 |
| Houston | $320,000 | 10 |
| San Antonio | $285,000 | 12 |
What changes at this price in Texas
Each fact links to the statute or agency that says so. Facts we could not verify against an official source are left out rather than guessed.
- Transfer and mansion taxes
- Texas has no real estate transfer tax. Article VIII, Section 29 of the Texas Constitution, adopted by voters in 2015, prohibits the state and local governments from imposing a tax on the transfer of real property. Source
- Agency and dual agency
- Texas does not allow a broker to represent both sides as a dual agent. A broker may act as an intermediary between buyer and seller only with the written consent of both, and may appoint separate license holders to advise each party. Source
- Seller disclosure
- Texas sellers of residential property with one dwelling unit must deliver the Seller's Disclosure Notice prescribed by section 5.008 of the Property Code before the contract is signed. Source
- State estate or inheritance tax
- Texas levies no state estate tax and no inheritance tax, so only the federal estate tax applies to a large estate. Source