Austin TX Real Estate - Hill Country Austin Lakeway Homes for Sale: Real Estate Recovery - Texas' Average Credit Score Second Lowest in Country - Austin TX at 740

Real Estate Recovery - Texas' Average Credit Score Second Lowest in Country - Austin TX at 740

Texas' average credit score has gone up. That's good, right?  About 5 years ago, maybe 6, there was a report that showed the average credit score of someone in the Dallas Ft Worth area was 635. At today's standards where most lenders won't lend money below a 640, that meant the average person back then would not be able to get a loan today. I wanted to see how things have changed with the credit crunch.

austin tx credit scoreIn 2006, I wrote a post Dallas - Lowest Average Credit Score, and that was with Dallas on the rise with a 650 average score. At the time, I wasn't in Austin, so I did not mention Austin's average credit score, so I don't have a basis there to compare.

Fast forward to 2011, and I'm curious as to what is going on in Texas, as a whole.  Surprisingly, Texas is still very far down the list. How far? Texas is the second lowest credit score in the country, on average at 670.  670 is better than 635 and still significantly better than 650, but we're still down far in the list. The National average is 692, but since it's an average and not a median, 58% of Americans have a score over 700.

I decided to go further to see what was going on at the city level. Both Dallas and Austin have had tremendous growth with relocation people moving from all over the country.  Do these people bring in higher scores to help our averages?

According to Experian, the average credit score for Austin TX (since that's my main focus now) is a whopping 740!!  That's awesome! Most lenders view 720 as a no-brainer loan and 740 as the top tier loan criteria! The average person in Austin has great credit! They also show the unemployment rate as 7.4% which is significantly lower than the National Unemployment rate of 9.2%. 

Back up to Dallas for a second, since that's where my roots are. The average credit score is now, wait for it, wait for it... 718 according to Experian!  Wow! That's a huge increase! The average credit score in Dallas is actually higher than the National average!  How did that happen? Again, I feel it's about the relocation people coming into the area.

Relocation isn't the only thing bringing up credit scores. In my opinion, I feel many people have learned from their past mistakes and are doing better in their lives. They're not overspending as much and are learning to actually pay their bills on time instead of putting it off.

The way Texas is moving, no wonder several of the cities are always at the top of "Best of" lists, including the latest with Austin as the Best Place to Live in 2011!

**Are You Packed Yet?**

donna harris Realtor Austin TX blog

Donna Harris, REALTOR®
RE/MAX Austin Skyline

Austin TX Real Estate

and the surrounding areas of Lakeway, Bee Cave, West Lake Hills, Cedar Park, Round Rock, Spicewood, Circle-C, Steiner Ranch, and everywhere in between... Hill Country Austin TX Real Estate and beyond. Whether you're buying or selling an Austin home, I'll be with you every step of the way. 

For real time Austin TX listings,click here.

** Multi-Million Dollar Producer Year after Year **

Copyright© 2011 By Donna Harris, All Rights Reserved. You may re-blog with links back to this post.
Real Estate Recovery - Texas' Average Credit Score Second Lowest in Country - Austin TX at 740 * was first published on

Comment balloon 5 commentsDonna Harris • August 15 2011 01:07PM


Awesome news for Dallas, thanks for still checking on us!! I think your right about people learning there lessons. Alot of folks are questioning loans now more closely and not just signing.

Posted by Tracy Lee Parker, Buy*Sell*Lease (RE/MAX Dallas Suburbs/PLATINUM PROPERTIES & MANAGEMENT) almost 9 years ago

Hi Donna,

Excellent report with a real good message that in Austin you are well above par as far as credit scores, which to me translates in to stability, security and economic prosperity, which in turn means that people will feel pretty good about the next number of years in Austin.....and they will be ready to move...


Posted by Peter Pfann @ eXp Realty Pfanntastic Properties in Victoria, Since 1986., Talk To or Text Peter 250-213-9490 (eXp Realty, Victoria BC almost 9 years ago

Tracy, People are coming down here from Dallas also, so I need to keep up with them!

Peter, Our sales were up 32% July '11  to July '10!

Posted by Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator (Donna Homes, powered by JPAR - almost 9 years ago

Donna - there are definitely economic recovery signs as well as real estate recovery signs coming out of the Dallas and Austin TX areas.

Posted by Kathy Clulow, Trusted For Experience - Respected For Results (RE/MAX All-Stars Realty Inc. Brokerage) almost 9 years ago

Thanks for the information I think Credit Scoring will be with us for a long time.  check out a free website about credit scoring by a 20 + year FICO professional at

Posted by Dave Sullivan, Michigan Realtor with an investor viewpoint (Real Estate One) over 8 years ago