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Just been looking at some real estate data for Texas and honestly the wealth concentration in certain suburbs is wild. The most expensive areas in Texas are pulling in household incomes that most of us can only dream about - we're talking $400k+ annually in some places.
West University Place near Houston is sitting at the top with nearly $410k average household income and homes going for almost $1.8M. But what's interesting is how the Dallas-Fort Worth suburbs are basically dominating the list. University Park, Southlake, and several others in that metro are all pushing $380k+ household income. The typical homes there are running $1.2M to $2.4M which is insane.
If you're looking at the most expensive areas in texas from an investment angle, the Austin suburbs like Steiner Ranch and Lakeway are worth noting too - different vibe from the Houston and Dallas spots but still serious money. Household incomes there are in the $220k-$230k range with homes around $500k-$800k.
Even the lower end of these 20 wealthiest suburbs is hitting $165k+ household income. It's a pretty clear picture of where the money is concentrated in Texas right now. The gap between these neighborhoods and everywhere else is pretty dramatic when you look at the actual numbers.