House prices are rising, companies are expanding, and Texas is getting a lot of new people coming in every day.

Business is booming in the Lone Star State, so it makes sense that there's a need for those at the top of the heap to be on the lookout for places to live, work, and play.

According to realtor.com, Texas is one of top 10 hottest luxury real estate markets in the United States.

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What's a Luxury Market?

Rankings are based on the number of unique viewers looking at home listings, as well as how long properties were on the market.

The faster homes move, the hotter the market.

Realtor.com only considered the most expensive 1% of homes in these markets, and markets usually include the main city and surrounding areas.

The Top 10 Luxury Housing Markets

Remember, the concept of 'luxury' real estate is also based on the actual buyer, not just the marketplace.

A high-end home in parts of the Southeast or Midwest might barely make it as a starter home in the priciest areas of the coast.

Here's the full list:

10. Prescott, AZ

3350 Bar Circle A Rd, Prescott, AZ (Realtor.com)
3350 Bar Circle A Rd, Prescott, AZ (Realtor.com)
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9. Salt Lake City, UT

2388 E Oakhill Dr, Salt Lake City, UT (Realtor.com)
2388 E Oakhill Dr, Salt Lake City, UT (Realtor.com)
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8. Portland, ME

74 Diamond Shore Rd, Portland, ME (Realtor.com)
74 Diamond Shore Rd, Portland, ME (Realtor.com)
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7. Austin, TX

4511 Island Cove, Austin, TX (Realtor.com)
4511 Island Cove, Austin, TX (Realtor.com)
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6. Barnstable Town (Cape Cod), MA

835 Sea View Ave, Barnstable, MA (Realtor.com)
835 Sea View Ave, Barnstable, MA (Realtor.com)
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5. Wilmington, NC

8204 Bald Eagle Ln, Wilmington, NC (Realtor.com)
8204 Bald Eagle Ln, Wilmington, NC (Realtor.com)
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4. Hilton Head Island, SC

47 Brams Point Cir, Hilton Head Island, SC (Realtor.com)
47 Brams Point Cir, Hilton Head Island, SC (Realtor.com)
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3. Sebastian, FL

181 Ocean Beach Trl, Vero Beach, FL (Realtor.com)
181 Ocean Beach Trl, Vero Beach, FL (Realtor.com)
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2. San Luis Obispo, CA

7292 Exotic Garden Dr, Cambria, CA (Realtor.com)
7292 Exotic Garden Dr, Cambria, CA (Realtor.com)
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1. Kahului, HI

7505 Makena Rd, Kihei, HI (Realtor.com)
7505 Makena Rd, Kihei, HI (Realtor.com)
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How Austin Made The Top 10 List

The capital of Texas has been drawing big companies like Tesla to relocate their headquarters, along with many others.

One of the incentives to purchase real estate in Texas? No state income tax.

As buyers fight over the limited supply of homes on the market, prices continue to rise.

In January, the median price tag in the Austin metro area was up 28% for homes of all price tiers, according to realtor.com.

 

This House Could Easily Be On The Luxury List

Want to see inside the most expensive house for sale in Killeen, Texas? Scroll onward!

Take A Tour of The Wedemeyer House in Belton

This is just one of many historical homes that you can find nestled in Belton, Texas. Feed your curiosity by exploring just what the inside REALLY looks like.

LOOK INSIDE: Marfa's Santa Fe Railroad 'House' Belongs in Temple

Marfa is home to some pretty weird stuff. You've got the famous Marfa Lights, the mini Prada store, the Wrong Store, and Building 98, and that's all great, but they've been holding on to something that, in our opinion, belongs here in Temple.

Let's take a look inside this retired Santa Fe caboose. It could use some TLC, but it's in surprisingly good shape. If you've got $254,000 lying around and want to buy this piece of Texas history, Lauren Meader Fowlkes with the Odessa Board of Realtors can help you out.

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