Lauded for livability

Austin area boasts one of the best affordable places to live in Texas

Austin area boasts one of the best affordable places to live in Texas

Cedar Park neighborhood aerial shot of Austin suburb
Cedar Park is the third-best affordable places to live in Texas. RoschetzkyIstockPhoto/Getty Images

With Austin's housing inventory dropping to critical levels, you might be wondering where to find an affordable place to live in Central Texas. Turns out one of the "best" affordable spots in Texas is right in our own backyard.

new list published by MarketWatch ranks Cedar Park the third-best affordable place to live in Texas.

The financial website notes that Cedar Park "remains among the fastest-growing municipalities in the country, thanks in large part to an economy anchored by Dana Company, National Oilwell Varco, and high-tech companies like Firefly Space Systems and Fallbrook Technologies."

But the booming Austin suburb has more going for it than just a growing number of employers. Marketwatch also touts the "state-of-the-art" Cedar Park Center, a hub for local sports (American Hockey League’s Texas Stars and minor league basketball’s Austin Spurs) and big-name performers. And, the report says, Cedar Park fares well in the healthcare category, thanks to Williamson County’s attractive ratio of 1,581 residents per doctor. 

For the record, the West Texas city of Odessa tops the list, which is based on data compiled by Livability. That website ranks the livability of U.S. cities.

Dallas-Fort Worth is home to two of the most affordable places to live, with Lewisville at No. 2 and Frisco at No. 5.

Lewisville has a median home price of $153,000, which the report says is “decidedly modest for a municipality just minutes from Dallas and Fort Worth.” In addition, Lewisville is praised for its “eclectic mix of things to do,” including shopping at Old Town Lewisville and enjoying outdoor activities at Lewisville Lake.

Meanwhile, Frisco boasts the highest median income on the list: $108,284. The report underscores Frisco’s status as a “shopper’s paradise,” with millions of square feet of retail and dining establishments. Additionally, MarketWatch says Frisco could be described as a “sports lovers’ paradise” — it's home to The Star, Dallas Cowboys World Headquarters, and many other local teams.

The Houston suburb of Pearland appears at No. 4 on the list. Highlighted are Pearland’s relative proximity to downtown Houston and the Johnson Space Center, as well as the Houston area’s abundance of Fortune 500 headquarters. Furthermore, the site gives a shout-out to the abundant golfing in Pearland at courses like Golfcrest Country Club, Pearland Golf Club, and Southwyck Golf Club.