The Hills, TX housing market
The typical The Hills home is worth about $817,000, up 1.8% in a year, 173% above the Texas typical home.
Home values, sales, trends and how The Hills compares with the towns next door — updated as new data is published.
The Hills at a glance
Only 4 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | The Hills | Texas |
|---|---|---|
| 2017 | $484,000 | $190,000 |
| 2018 | $500,000 | $202,000 |
| 2019 | $520,000 | $214,000 |
| 2020 | $545,000 | $223,000 |
| 2021 | $616,000 | $242,000 |
| 2022 | $870,000 | $286,000 |
| 2023 | $892,000 | $313,000 |
| 2024 | $847,000 | $311,000 |
| 2025 | $833,000 | $311,000 |
| 2026 | $809,000 | $303,000 |
| August 2026 | $817,000 | $299,000 |
1 new home permitted in 2025
Builders were permitted 1 new home in The Hills in 2025. That's 0.4 per 1,000 residents, slower than across Texas (8.1). Over the past 10 years, The Hills has permitted 23 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, The Hills gained 141 residents while 19 new homes were permitted: about 7.4 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Texas: 2.6 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 1 | 1 | 0 | $303,000 |
| 2024 | 1 | 1 | 0 | $303,000 |
| 2023 | 1 | 1 | 0 | $286,000 |
| 2022 | 2 | 2 | 0 | $414,000 |
| 2021 | 2 | 2 | 0 | $414,000 |
| 2020 | 4 | 4 | 0 | $828,000 |
| 2019 | 3 | 3 | 0 | $615,000 |
| 2018 | 2 | 2 | 0 | $890,000 |
| 2017 | 3 | 3 | 0 | $1.3 million |
| 2016 | 4 | 4 | 0 | $1.8 million |
| 2015 | 1 | 1 | 0 | $445,000 |
| 2014 | 2 | 2 | 0 | $890,000 |
| 2013 | 2 | 2 | 0 | $890,000 |
| 2012 | 1 | 1 | 0 | $445,000 |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 1 | 1 | 0 | $445,000 |
| 2009 | 2 | 2 | 0 | $890,000 |
| 2008 | 3 | 3 | 0 | $1.3 million |
| 2007 | 12 | 10 | 2 | $4.6 million |
| 2006 | 28 | 26 | 2 | $4.1 million |
| 2005 | 29 | 27 | 2 | $4.1 million |
| 2004 | 68 | 68 | 0 | $10.5 million |
| 2003 | 0 | 0 | 0 | — |
| 2002 | 22 | 22 | 0 | $2.8 million |
| 2001 | 59 | 59 | 0 | $7.3 million |
| 2000 | 115 | 113 | 2 | $13.3 million |
The Hills's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
How The Hills ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
5.2 years of income
The typical The Hills home costs about 5.2 years of the town's median household income, more than across Texas (3.8 years).
How The Hills ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $2,230
HUD's Fair Market Rent for a two-bedroom in The Hills is $2,230 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in The Hills pay a median of $3,501. A two-bedroom takes about 17% of the town's median household income.
Studio $1,780 · 4 bedrooms $3,320
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (78738; Austin-Round Rock-San Marcos, TX MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.