Texas has emerged as one of the top U.S. destinations for international homebuyers, accounting for 10% of all foreign residential real estate purchases in the past year, according to the National Association of REALTORS® (NAR). This makes the Lone Star State the third most popular among international buyers, underscoring its growing prominence in global property investment.
Nationwide, foreign buyers spent $56 billion on residential properties during the 12 months ending in March—a 33% year-on-year increase. The number of homes purchased hit 78,100, marking a 44% jump compared to the previous period. The median purchase price also reached an all-time high of $494,400, reflecting increased interest in premium properties.
Texas stood out particularly for buyers from Latin America and the Caribbean (44%), Asia and Oceania (29%), and India (13%). According to the report, 40% of Mexican buyers chose Texas, followed by 5% each from Canada and the U.K., demonstrating the state’s appeal across diverse regions. Proximity, property rights, and economic opportunities remain major draws.
“International interest in U.S. real estate surged as the global economy recovered from pandemic disruptions,” said Lawrence Yun, Chief Economist at NAR. “Strong protection of property rights continues to attract foreign investment.”
Foreign buyers were also more likely to purchase properties with cash (47%), and favored homes on the higher end of the market. Chinese buyers led overall foreign investment, accounting for 15% of purchases—11,700 homes valued at $13.7 billion.
Texas’s international property footprint reflects both its economic vitality and cultural connectivity, as global buyers increasingly view U.S. real estate as a secure and lucrative asset class.
