In a year when Austin’s housing market has slowed to a crawl, the top 10 markets in Texas’ metro area are the most diverse in the country.
The city has a population of nearly 12 million, and has been consistently ranked as one of the top five largest cities in the U.S. in terms of population growth since 2000.
But Austin has had a history of struggling to retain residents and attracting new ones.
The average price of a single-family home in Austin is now $5.8 million, compared to $7.5 million in San Francisco and $8.4 million in Denver, according to Zillow.
The median income for the city of Austin is $47,000, compared with $59,000 in San Diego and $76,000 to $86,000 for Denver.
This is a major reason why Austin’s population is expected to shrink by 7.7 percent over the next decade, according a new report from Zillows, which looks at where Austin’s neighborhoods are ranked by median income and market share.
Austin’s ranking is down from eighth in 2016, when it was ranked third, and from ninth in 2015, when Austin was ranked fourth.
The top 10 metropolitan areas in Texas: 1.
San Antonio, TX2.
San Diego, CA3.
Los Angeles, CA4.
San Francisco, CA6.