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    Texas on Top

    New Zillow study crowns Texas homes the most valuable in the country

    Lindsey Wilson
    Jan 24, 2020 | 9:15 am
    House on top of money
    Just making up our share of housing values.
    Photo courtesy of AmCap

    If it seems like home values in Texas are soaring, that's because, well, they really are. Real estate site Zillow confirmed in a new study that Texas added more housing value than any other state in 2019, thanks in large part to a slowdown across much of California.

    The Lone Star State grew its total housing by a whopping $89 billion in 2019, the most in the country. California, by comparison, came in second at $77 billion, with Florida ($69 billion), Pennsylvania ($47 billion), and Washington ($45 billion) rounding out the top five.

    The total value of the U.S. housing market right now is $33.6 trillion, nearly as much as the GDP of the U.S. ($20.5 trillion) and China ($13.6 trillion) combined. That's up 3.4 percent ($1.1 trillion) from a year ago and 51 percent ($11.3 trillion) from the start of the decade.

    On a closer level, however, there are two Texas cities that made huge contributions to these numbers. Dallas-Fort Worth was one of five that added the most to the U.S. housing stock ($23 billion) — along with Washington, D.C. ($38 billion); Phoenix ($30 billion); Seattle ($30 billion); and Los Angeles ($29 billion) — while Austin's new-home surge mirrored that of Charlotte's for an impressive boost in value.

    But what about Houston? It landed at No. 16 in the nation and second in Texas with a housing market worth $481 billion. In the 2010s, H-Town's total housing value grew $221 billion, or 85.3 percent. It slowed down significantly in 2019, growing only $20 billion, or 4.4 percent.

    The story is similar throughout Texas, with Austin growing $22 billion now compared to $141 billion in the 2010s, for a total market share of only 0.7 percent. In total, Austin homes are currently worth a total of $252 billion.

    San Antonio grew $70 billion a decade ago, but only $9 billion in 2019, making up 0.5 percent of the nation's total. Its total housing market worth is now $161 billion.

    It's not a surprise where the most valuable homes in America are: the New York, Los Angeles, and San Francisco markets are all worth more than $1 trillion. Despite being worth $3.2 trillion, New York actually lost value last year, while $2.5 trillion-Los Angeles added the most value over the full decade.

    California lives up to its Golden State nickname, making up a whopping 21.2 percent of the nation's housing value with 12 percent of the population. To put that into context, the next most populous state, Texas, makes up 8.8 percent of the U.S. population, but only 5.9 percent of the country's housing value.

    zillowrankings
    news/real-estate

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    How Sweet

    Sugar Land's first new apartment complex in 13 years breaks ground

    Brianna McClane
    Dec 11, 2025 | 12:30 pm
    Pearl Lake Pointe luxury apartment complex Sugar Land.
    Rendering Courtesy of Morgan
    Pearl Lake Pointe is a 376-unit luxury apartment complex slated for early summer 2027 in Sugar Land.

    Sugar Land is welcoming its first new apartment development in more than a decade. Pearl Lake Pointe, a 376-unit luxury community from developers Morgan and Carlyle, is underway at 16435 Creekbend Drive.

    Construction began in November, with an official groundbreaking held this week. “The groundbreaking of Pearl Lake Pointe marks an exciting new chapter for the Lake Pointe peninsula,” Sugar Land Mayor Carol K. McCutcheon said in a statement. “After years of planning and collaboration with Morgan, this project delivers much-needed, high-quality multifamily housing and strengthens our long-term vision for a vibrant, connected district. This milestone will help drive continued reinvestment and momentum throughout Lake Pointe and across Sugar Land.”

    Set across 6.46 acres, the five-story complex will feature five live-work units, a six-story parking garage, and 9,940 square feet of commercial office space. Fitness centers, a resort-inspired pool, a golf simulator, a sky lounge, and a cafe are among the planned amenities.

    Inside the residences, features include open-concept floor plans, quartz countertops, stainless-steel appliances, washers and dryers, and balconies in select units.

    “Pearl Lake Pointe is a unique opportunity to elevate the living experience and set a new benchmark for luxury in Sugar Land,” Kase Pappert, Morgan senior development manager, said. “We are grateful for the City’s partnership and look forward to helping re-energize the Lake Pointe peninsula with a welcoming community that feels like home and connects residents to the amenities right outside their door.”

    Roughly 20 miles from downtown Houston, the site has views of Brooks Lake and is adjacent to the former Fluor corporate campus currently being transformed into the Lake Pointe Green mixed-use development.

    The first Pearl Lake Pointe units are slated for delivery in early summer 2027. Morgan and Carlyle will own and manage the community, with project financing provided by Texas Capital Bank.

    “With Pearl Lake Pointe, Carlyle and Morgan are redefining multifamily living and adding meaningful momentum to address the demand for high-quality housing in the Sugar Land submarket,” said Adam Buchwald, Carlyle managing director and partner. “Partnering with Morgan — an accomplished developer with a strong track record — makes this project even more exciting, and Pearl Lake Pointe is a standout addition to Carlyle’s portfolio of high-quality multifamily developments.”

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