Metro Stats Explained

If you’ve ever wondered what the phrase metro stats really means, look no further!

We’re going to take a quick look at what metro stats mean, as well as the average statistics in each major Texas metro area. We’ll look at the population, average age, average household income, poverty percentage, how many employees each metro has, as well as the average property value.

But before we dive in any further, let’s look at what that phrase – metro stats – even means.

Metro stats is short for “metropolitan statistics” or “metropolitan statistical area”. It basically takes a snapshot of a geographical regions’ population density (or how many people live there) and their economic impact on that region.

We all hear about the changing number of people moving to and from our cities each day, with different variations on what that means for us—but have you ever wondered what those numbers really look like?

Here’s a quick breakdown of each metro according to statistics pulled from Data USA:

Austin/Round Rock Metro Stats:

  • Population: 2.06M
  • Median Age: 34.4
  • Median Household Income: $71,000
  • Poverty Rate: 10.9%
  • Number of Employees: 1.1M
  • Median Property Value: $263,300

Dallas/Fort Worth/Arlington Metro Stats:

  • Population: 7.23M
  • Median Age: 34.89
  • Median Household Income: $63,812
  • Poverty Rate: 12.7%
  • Number of Employees: 3.61M
  • Median Property Value: $189,100

Houston Metro Stats:

  • Population: 2.3M
  • Median Age: 33
  • Median Household Income: $47,793
  • Poverty Rate: 20.8%
  • Number of Employees: 1.12M
  • Median Property Value: $163,700

San Antonio Metro Stats:

  • Population: 1.49M
  • Median Age: 33.5
  • Median Household Income: $49,268
  • Poverty Rate: 18.5%
  • Number of Employees: 690,390
  • Median Property Value: $133,900

As you can see the DFW/Arlington metro is the largest – by far! But every major metro in Texas has a population of over a million people! As they say, everything’s bigger in Texas – especially the size of our cities. This means there are more than 13 MILLION people residing in the four major metros of Texas!

It’s easy to forget just how big our state really is.

Property values vary from metro to metro, but these statistics are a great way to get a look at the real estate market in each city – particularly if you are a flipper or builder. And here’s more good news – Loan Ranger Capital funds hard money loans in every one of these metros.

If you’re a builder or a flipper and you’re looking for a quick and simple way to get funding for your next project just give us a call or stop on in, so we can talk about the best loan options for you!

We want to work closely with you, to be sure your hard money loan experience is the best it can possibly be. Your time is important to you – it’s important to us too. That’s why we’re committed to giving the highest quality service, simply and quickly. We’re proud to be Texas’ quickest hard money lender!

We’d love to hear about your project and let you know how we can help!

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