Thirty-two percent of Texas homebuyers bought a home for the first time.
Photo by fstop123/Getty Images
Even with rising prices and slim inventory, Texas is opening the door to homeownership for a large pool of first-time buyers. A new report released by Texas Realtors shows that the percentage of first-time homebuyers in Texas increased from July 2020 to June 2021, at a time when real estate was exploding statewide.
According to the 2022 Texas Homebuyers and Sellers Report, 32 percent of all Texas homebuyers during the one-year period purchased a home for the very first time. That figure was up 1 percent from the previous study, which included data from July 2019 to June 2020.
Among the state's first-time homebuyers, 49 percent were married couples and 13 percent were unmarried couples; 19 percent were single females, 16 percent were single males, and 3 percent identified as other.
The median age for first-time buyers in Texas was just 30 years old, and their median income was $82,500. Compare that to the typical Texas homebuyer from 2020-2021, who was 47 years old, with a median income of $105,000.
When it came to the homebuying process, more than half of all Texas buyers said finding the right property was the most difficult part — not surprising given the red-hot status of Texas real estate.
According to the report, Texas homes spent only two weeks on the market from July 2020 through June 2021, which was half as long as the previous period. That's good news for Texas sellers, whose properties flew off the shelves, and who, on average, sold their homes for $80,000 more than the purchase price.
This charming house makes the ranch feel like a movie set.
A large live-water ranch — a type of property with a constantly flowing creek, spring, or river running through or along it — is a rare find near Austin. One of these gems just came on the market in the Hill Country for $21.4 million.
Miller Creek Vista Ranch, loaded with Lone Star charm, comprises 844 acres near Johnson City. The picturesque property, about 30 miles west of Austin and roughly 15 miles west of Dripping Springs, is being sold as a whole or as two separate ranches. The ranch was established in 1950.
“Whether someone is looking to create a multigenerational family ranch, make a long-term land investment, or explore a visionary hospitality or residential project, Miller Creek Vista Ranch offers an opportunity that’s incredibly rare in today’s market,” says broker Louie Swope, owner of San Antonio-based West and Swope Ranches, which has the listing.
“The location, the water, and the landscape make it one of the most remarkable ranches we’ve had the opportunity to represent.”
The ranch features about 4,400 feet of frontage along each side of spring-fed Miller Creek, providing a reliable water supply for ranching as well as fishing, swimming, kayaking, and other water activities — and heightening its appeal as a getaway spot. Several seasonal tributaries wind through the property.
In addition to the live water source, the property offers fertile creek bottoms, mature live oak trees, native hardwood trees, native pastureland, and panoramic Hill Country views. Deer, turkeys, doves, and other wildlife inhabit the ranch.
“Complementing the land is a historic ranch headquarters with original ranch improvements that reflect decades of thoughtful stewardship while preserving the property’s authentic character,” the listing says. “An established network of ranch roads and trails provides excellent access throughout the ranch, making it easy to experience every corner of the property.”
The quaint ranch house, encompassing about 1,660 square feet and sitting beneath a canopy of live oaks, looks like it’d be right at home in a Taylor Sheridan show.
Unlike accommodations you may find at a splashier Texas ranch, the house includes just two bedrooms and one bathroom. Two quintessentially Texas touches: A weathered windmill towers above the house, and an equally weathered metal roof sits atop the house.
One of the bedrooms feels folksy and lived-in. In a staged photo, a patchwork quilt in browns, reds, and blues lays atop the bed, and lace curtains and valances accent the wood-paneled walls. A straw cowboy hat hangs from one of the valances, and an “Always kiss me goodnight” sign is positioned above the largest of the room’s two windows. Potted plants line a wooden bench under the other window.
This staged room really plays on the quaint countryPhoto courtesy of West and Swope Ranches
Photo courtesy of West and Swope Ranches
This charming house makes the ranch feel like a movie set.
A photo of the no-frills kitchen shows a basic white refrigerator; the Down Home Cooking cookbook propped up by a cake container on a table draped by a checkered cover; time-worn cabinets; and a doorway leading to a cabin-style, wood-paneled room with a dark brown recliner.
In another photo, the cozy farmhouse-esque dining room contains lace curtains, an oval table and chairs in a honey-tone wood, a woven basket of fruit, a pastoral farm painting on one of the walls, an amber hurricane lamp atop a sideboard, and a stained-glass-style ceiling fixture. Sunlight bathes the room. To round out the look, a teddy bear is tucked into a chair in the corner.
Ranch amenities include an original wood barn, livestock facilities, storage structures, and a deer stand.
“A historic native stone cistern remains as a reminder of the property’s early history, further enhancing the legacy and character of this exceptional Hill Country ranch,” the listing says.
This staged room really plays on the quaint countryPhoto courtesy of West and Swope Ranches
