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    The American dream

    Houston oil-and-gas billionaire ranks among America's top 100 landowners

    John Egan
    Jun 11, 2025 | 12:34 pm
    HMNS Great Outdoors Gala 2022 Russell and Glenda Gordy and Red FJ Cruiser

    Russell and Glenda Gordy attended a 2022 gala at the Houston Museum of Natural Science.

    Photo by Jenny Antill

    Texas covers more than 260,000 square miles of land, equivalent to nearly 250 Rhode Islands. Put another way, the Lone Star State encompasses about 166.4 million acres, equivalent to more than 305,000 average Texas farms.

    Given those eye-popping figures, it shouldn’t be a shocker that about one-fourth of the country’s mega-owners of private land have ties to Texas, either living here or owning land here (or both). That’s according to The Land Report’s 2025 list of the country’s top private landowners.

    The highest-ranked Houstonian is oil-and-gas billionaire Russell Gordy (No. 76). He owns 212,000 acres of ranchland in Texas, Montana, and Wyoming. Gordy’s portfolio includes the 1,300-acre Rock Creek Ranch, which features property near Copperas Cove and Llano, and the 19,000-acre La Ceniza Ranch near Uvalde. He sits on the Texas State University System Board of Regents.

    Statewide, the highest-ranked Texan on the list is billionaire Stan Kroenke, who owns more than 1.76 million acres across the country. His empire includes about 60 million square feet of real estate, the NFL’s Los Angeles Rams, the NBA’s Denver Nuggets, and the NHL’s Colorado Avalanche. He appears at No. 4 in the ranking.

    Kroenke’s largest property apparently is Waggoner Ranch, a property northwest of Wichita Falls that he bought in 2016. The Land Report says the ranch comprises 560,000 acres; other media reports put the acreage at 535,000. Kroenke also owns land in Nevada and Wyoming.

    Waggoner Ranch Billionaire Stan Kroenke owns Texas' massive Waggoner Ranch. Photo courtesy of Briggs Freeman Sotheby’s International Realty

    Other notable Texas-related landowners in The Land Report’s top 100 (along with their national rankings) include:

    Jeff Bezos (No. 23). The Miami-based billionaire founder of Amazon owns the 165,000-acre Corn Ranch, north of Van Horn, which is about 120 miles west of Fort Stockton. It’s a launch site for his Blue Origin aerospace company. In all, Bezos owns about 462,000 acres of land in the U.S.

    Bass family (No. 38). Oil-and-gas billionaires Ed, Lee, Robert, and Sid Bass of Fort Worth control family holdings that include 285,000 acres of land. In 2017, the family sold 275,000 acres of Permian Basin oilfields to Spring-based ExxonMobil for $6.6 billion.

    Taylor Sheridan (No. 49). The Yellowstone and Landman producer owns 267,000 acres spread across several ranches. The millionaire’s land holdings include the 206,000-acre 6666 Ranch near Lubbock and the 282-acre Bosque Ranch in Weatherford, which he calls home. Sheridan, an alumnus of Texas State University, grew up in Fort Worth and on a ranch in Cranfills Gap, roughly 90 miles northwest of Waco.

    Taylor Sheridan, Nicole Muirbrook 'Yellowstone' creator Taylor Sheridan is one of the biggest landowners in Texas. Getty Images

    Stewart and Lynda Resnick (No. 87). The California-based billionaire couple owns 196,775 acres in Texas and California. Brands under the umbrella of their business, The Wonderful Co., include Fiji Water, POM Wonderful pomegranate juice, Wonderful Pistachios, and flower delivery service Teleflora.

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    housing affordability news

    This is how much Houston home prices have fallen since 2024

    Amber Heckler
    Jan 16, 2026 | 4:30 pm
    16403 Sheffield Run Drive, Houston home for sale
    Estately.com/
    This home at 16403 Sheffield Run Dr. in Houston's Berkshire Oaks neighborhood is on the market for $309,900.

    A new real estate analysis has revealed housing prices across the Southern United States have seen a major large-scale decline from 2024-2025, with Houston homebuyers experiencing the 11th-steepest "price correction" in the region.

    Houston-area buyers have a better chance of purchasing an affordable home this year after prices cooled 1.5 percent from 2024-2025, the study found.

    Online real estate marketplace Zoocasa compared year-over-year median price changes for single-family homes across 20 cities in the South based on local real estate data. The study also looked at housing affordability in the American West, Midwest, and Northeast.

    In Zoocasa's ranking of the Southern cities where affordability is improving the most, Houston ranked No. 11.

    In 2024, the median price for a single-family home in Houston was nearly $340,000, which has since dropped to $335,000 in 2025. Local sellers may not be happy about cooling prices, but it does make housing more attainable for first-time homebuyers.

    Better housing prices will surely attract even more new residents to the area, especially since Houston was the second-hottest destination for movers in 2025, and its suburbs are still booming in popularity.

    "Affordability is on the rise across Texas, with major cities seeing significant price corrections," the report said. "Most importantly for buyers, the median home price in each of these cities remains more affordable than the national median."

    The national median price of a home in the third quarter of 2025 was $426,800, according to the latest information from the National Association of Realtors (NAR).

    Housing affordability elsewhere in Texas
    Dallas was the No. 2 Southern city where housing is becoming more affordable. Dallas-Fort Worth's housing prices fell 5.71 percent from 2024-2025. The median price of a single-family home in North Texas fell from $397,700 to $375,000 during the one-year span.

    In Beaumont-Port Arthur (a metro area east of Houston), housing prices have fallen 4.62 percent year-over-year, making it the metro with the No. 5 steepest price correction in the South. Median home prices dropped to $217,000 in 2025, or $10,500 lower than the year before, the report found.

    Austin's housing prices fell 2.04 percent during the same time span, landing the Capital City in the No. 9 spot. The median price of a single-family home in Austin fell from $437,925 in 2024 to $429,000 last year.

    Surprisingly, San Antonio ranked near the bottom of the list with housing prices increasing by five percent year-over-year. Single-family homes in the Alamo City had a median price just under $300,000 in 2024, which spiked to $315,000 in 2025.

    Housing market predictions in 2026
    Zoocasa predicts the 2026 U.S. housing market is "poised for a steady revival" since mortgage rates have dipped nearly a full percentage point since this time last year. Current interest rates for a a 30-year mortgage are sitting at 6.16 percent, the study said.

    The NAR report additionally found that pending home sales have grown by 2.6 percent year-over-year from 2024.

    "Homebuyer momentum is building," said NAR Chief Economist Lawrence Yun. "The data shows the strongest performance of the year after accounting for seasonal factors, and the best performance in nearly three years, dating back to February 2023."

    The top 10 Southern cities where housing affordability is improving the most in 2026 are:

    • No. 1 – Naples-Immokalee-Marco Island, Florida
    • No. 2 – Dallas, Texas
    • No. 3 – Durham, North Carolina
    • No. 4 – Ocala, Florida
    • No. 5 – Beaumont-Port Arthur, Texas
    • No. 6 – Cape Coral-Fort Myers, Florida
    • No. 7 – Jacksonville, Florida
    • No. 8 – Atlanta, Georgia
    • No. 9 – Austin, Texas
    • No. 10 – Raleigh, North Carolina
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