Best In Luxury Real Estate™

What does it mean when 21.6% of homes in a single ZIP code are valued at $2 million or more? That’s the reality in ZIP 77005, according to ALEX Intelligence’s latest analysis of U.S. Census data from the 2024 American Community Survey. This is not just a wealth indicator—it’s a signal of structural supply constraints. New construction of homes above $1 million remains 18% below pre-pandemic levels, even as demand for elite housing grows. The result? A shrinking number of ZIP codes where luxury is concentrated—and a market where exclusivity is no longer just a feature, but a necessity. This data, drawn from the ALEX Intelligence report on Texas luxury home values, reveals a fundamental shift: luxury is no longer scalable. The most valuable homes are now hyper-concentrated in a handful of ZIPs, and that concentration is being reinforced by material shortages, labor gaps, and rising design complexity. As AI tools enable faster customization, they don’t lower costs—they raise the bar for exclusivity. What does this mean for investors, developers, and buyers? The future of luxury isn’t in more units—it’s in fewer, more unique ones. Learn more in the full report: https://alex-companies.com/data/2026-10-20-luxe-luxe-two-million-share-zcta-tx-luxury Share of Homes Valued $2M or More, top 10 (ALEX Intelligence — U.S. Census Bureau 2024) #1 ZIP 77005 — 21.6% #2 ZIP 75205 — 18.1% #3 ZIP 78746 — 16.4% #4 ZIP 75225 — 16.1% #5 ZIP 75209 — 14.0% #6 ZIP 77401 — 13.0% #7 ZIP 78703 — 12.9% #8 ZIP 78733 — 12.1% #9 ZIP 78730 — 11.9% #10 ZIP 78619 — 11.8% Photos via Wikimedia Commons: Slide 1: WhisperToMe (CC0) https://commons.wikimedia.org/?curid=123631138; Slide 2: WhisperToMe (CC0) https://commons.wikimedia.org/?curid=114889318; Slide 3: EvanCarroll (CC BY-SA 4.0) https://commons.wikimedia.org/?curid=176703902; Slide 4: EvanCarroll (CC BY-SA 4.0) https://commons.wikimedia.org/?curid=175688560 Source: https://alex-companies.com/data/2026-10-20-luxe-luxe-two-million-share-zcta-tx-luxury View and join any or all of our communities — AI, quantum, and real estate: https://alex-companies.com/reports/linkedin-groups If there's an AI, quantum, or real estate community you'd like to see us convene, tell us — this portfolio grows by request. Real Estate Strategy & Intelligence Leader. Democratized Blue Ocean Strategist & Operator. Diane Hart Alexander, MBA, MHA Chair & CEO, ALEX Companies Designated Broker, Alexander Tiffany Southwest, LLC dba ALEX.realestate, et.al. Texas License #574877-B · Broker License #565194-BB [email protected] · +1 713.591.9902