About 1 in 9 millionaire households in the Austin area rent their homes, according to a new analysis from apartment listing site RentCafe. The Austin metro had 206 millionaire renter households in 2024, ranking 16th in the nation. Those renters make up about 11% of the area's 1,797 millionaire households.
The analysis found about 5% of millionaire households in Houston rent, and about 3% in Dallas. Both cities have more millionaire households than Austin, with 4,606 in Houston and 4,896 in Dallas.
Among the state's largest metros, Austin had the fastest growth in millionaire households, according to the analysis. Its count rose more than sixfold from 2020 to 2024. Millionaire homeowners grew from 204 to 1,591, and millionaire renters rose from 84 to 206. Nationally, the analysis said about 1 in 11 millionaire households rents, a share that has more than tripled since 2020 to about 18,400 households.