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.
In Houston, about 5% of millionaire households rent, and in Dallas about 3%. Houston had 4,606 millionaire households and Dallas had 4,896, both far more than Austin.
The analysis said Austin had the fastest growth in millionaire households among the state's largest metros. Its count rose more than sixfold from 2020 to 2024. Millionaire homeowners grew nearly eightfold, from 204 to 1,591, and millionaire renters rose about 2.5 times, from 84 to 206. Nationally, about 1 in 11 millionaire households rents, a share that has more than tripled since 2020 to about 18,400 households.