Fredericksburg is one of the “Top 10 Cities Where Million-Dollar Listings Have Skyrocketed,” according to data just released by Realtor.com. Their data team ranked more than 900 metropolitan areas, comparing the percentage of homes that cost $1 million or more in the first quarter of 2017 to the same period in 2014.
The emphasis was on growth, not luxury and ruled out places that were already uber-wealthy such as San Francisco. Fredericksburg ranked #5, where $1 million-plus home represents 13.6% of the market, up 3.9% from 2014.
Nestled in the scenic Texas Hill Country, Fredericksburg is attracting more and more wealthy transplants that are seeking a picturesque place to retire that’s also within distance of urban amenities. Big city life just an hour and a half away—Austin to the east and San Antonio to the south.
Listed among Fredericksburg’s offerings is a Top 100 ranked Hill Country Memorial Hospital, a range of local boutiques, and highly acclaimed dining options, plus the National Museum of the Pacific War, the InSight Gallery, and more than 30 wineries along the nationally acclaimed Wine Road 290.
According to Phoenix Marketing International, Fredericksburg has the highest share of millionaire households in Texas—they make up nearly 6.5% of its population.