Texas is prospering when it comes to population growth. According to recent figures from the U.S. Census Bureau, Texas cities are growing faster than cities in all other states. It’s safe to say that now is the time to dive into the real estate market and get your Texas real estate license.
If the idea of getting your license in this booming market sounds appealing, here’s a breakdown of different markets in the state and how much money real estate agents make in each city.
If you’re in Austin and considering getting your real estate license, you could potentially make an average of $86,452 per year. This is 13% above the national average. Austin saw extreme growth several years ago due to the booming tech scene and has been a thriving market ever since with a population that’s steadily making its way to one million. Austin agents can expect to sell single family homes as well as downtown condos.
For those who are looking to get their real estate license in a big city, Houston is for you. With a population of 2.3 million, Houston is the largest city in Texas and the fourth largest city in the U.S. The entire Houston area extends far and wide to include many suburbs and stretches all the way to the coast in Galveston. In this bustling city, Houston real estate agents make an average of $62,516 per year.
Boasting a population of 134,432 as of 2016, Waco is a much smaller Texas town than the others on this list. But that doesn't mean it isn’t a lucrative market for real estate -- Waco real estate agents make an average of $67,166. Waco is also home to Baylor University and the popular Magnolia Market featured in HGTV’s ‘Fixer Upper,’ so the town is sure to see an influx of visitors each year who may want to call Waco home in the near future.
As the fastest growing city in Texas currently, it would be a smart move to get your real estate license in San Antonio. Real estate agents here make an average of $83,236 per year. Real estate agents in the San Antonio area can expect to see an increase in home sales as the population is 1.5 million and seeing major growth.
Like Houston, Dallas is another major city in Texas. If you want to get your real estate license in a big city with plenty of areas and selling opportunities available, then consider Dallas. Real estate agents in Dallas make about $79,135 per year, which meets the national average.
The population of Lubbock was 252,506 as of 2016, making it smaller than major cities like Dallas and San Antonio, but larger than cities like Waco. Due to its location in the Texas panhandle and its successful agriculture industry, this city may be a good place to have your real estate license if you’re considering specializing in land or farm real estate. Real estate agents in Lubbock make an average of $54,356.
As you can see, there is good money to be made by a Texas Realtor. It's yours for the taking...