Whether you're looking for a primary residence or a second home, Austin, Texas has big ROI potential.
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Aerial view of Pearl Street Mall in Boulder Colorado USA
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Home sales in certain real estate markets in the U.S. have seen a record surge in the past two years. From oceanfront homes in Florida to mountain cottages in Colorado, buyers are looking for residences that offer modern amenities, beautiful views, and a great return on investment.

But it turns out that if long-term home value is your main priority, your best bet is searching for a property in Texas. According to a newly released report by SmartAsset, six of the 10 "best markets for growth and stability" are in the Lone Star State.

Austin Texas skyscrapers skyline aerial at sunset from helicopter
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The top spot goes to the Austin-Round Rock-Georgetown area, where home prices have increased almost 370 percent since 1997, the highest among the 400 metro areas surveyed by SmartAsset. At the same time, investing in a property here has a 0 percent chance of a price drop within 10 years of the purchase date.

Sunset come to Waco Texas and the downtown river front
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Boulder, Colorado ranked no. 2 in the survey of where a home purchase is likely to offer a significant return on investment. The city's home price index rose by 277 percent over the last 25 years and has only a 1 percent chance of a price drop, making it one of the country's most stable real estate markets. The no. 3 rank went to Midland, Texas, known as the Tall City for its impressive skyline, where home prices have risen 266 percent since 1997.

Aerial view of Boulder, CO, winter town view
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San Angelo, Odessa, Dallas, and Houston are the other Texas urban areas where purchasing real estate is considered by the survey to be an excellent investment.

SmartAsset also analyzed the worst performing cities for long-term home value. Flint and Monroe in Michigan and East Stroudsburg in Pennsylvania are at the bottom of the list.

Countrywide, home prices are on the rise, with the median sale price up 15 percent, or $357,300, since last year, according to the National Association of Realtors. To learn more about the best real estate markets for growth and stability, find the full SmartAsset report here.