Guide To 20 Most Expensive Houston Neighborhoods
Over the last 10 years, many of Houston’s top neighborhoods have been consistently listed among the wealthiest in the nation.
The recent energy downturn has affected the real estate market. However, the list of Houston’s most expensive neighborhoods remain largely unchanged.
We have reviewed over 400,000 home sales over the last 10 years to get an updated list of 2016’s Most Expensive Neighborhoods in Houston.
A few interesting trends stood out. Houston’s luxury neighborhoods tend to be:
- Top performers in land value appreciation and real estate appreciation over the last 10 years.
- Near the city’s major job centers and entertainment hubs. Most of the neighborhoods here are also among Houston’s Most Accessible Neighborhoods.
- Zoned to some of Houston’s Best Schools.
- Sectioned to either Houston’s Top Suburbs or Inner Loop’s Best Neighborhoods.
If you’d like to see any specific homes or learn about neighborhoods that are best for you, please contact Paige Martin at Paige@HoustonProperties.com, ranked #1 Individual Agent with Keller Williams in Houston and #9 in the United States.
“Paige Martin is the best Realtor. She is highly experienced and very knowledgeable. She made our buying experience an enjoyable one, not only for us, but for our daughter, son-in-law and several of our friends. We have bought and sold many houses, and Paige has been the best realtor we have ever worked with. We highly recommend her.”
BY THE NUMBERS:
HOUSTON’S LUXURY NEIGHBORHOODS
|Neighborhood||Median Home Sale Price||Median Sale Price / Sq Ft||Land Value /|
|Memorial Close In||$2,075,000||$369||$61||67%|
|Royden / Afton Oaks||$952,500||$310||$59||62%|
See The 20 Most Expensive Houston Neighborhoods For 2016
1. River Oaks
- Median Home Sale Price: $2,695,000
- Median Home Sale Price / Sq Ft: $496
- Median Land Value / Sq Ft: $131
- 5 Year Appreciation Rate: 72%
River Oaks is Houston’s most expensive and most exclusive neighborhood.
The grande dame of Houston’s luxury enclaves, River Oaks is a 1,100-acre enclave of mansions and estates found at the heart of Inner Loop Houston.
The neighborhood is north of the Upper Kirby district and is near many major thoroughfares such as Westheimer Road, Kirby Drive, and San Felipe Street.
Houston main districts Downtown, Galleria and Medical Center are within 15 to 20 minutes from River Oaks.
Parts of River Oaks have acre-plus lots and deed restrictions to keep out commercial establishments. Other parts of River Oaks (notably on the South and Eastern sides) border the River Oaks Shopping Center, Upper Kirby / Greenway Plaza and are home to a fabulous collection of shops and restaurants.
The entirety of River Oaks is a scenic view of towering trees that line streets coupled with intricately detailed bushes that lead to pocket gardens. There are also plenty of restaurants, bars, boutiques, and art galleries in the River Oaks Shopping Center and West Ave complexes.
2. Piney Point
- Median Home Sale Price: $2,242,500
- Median Home Sale Price / Sq Ft: $381
- Median Land Value / Sq Ft: $54
- 5 Year Appreciation Rate: 71%
One of the independent cities that make up the Memorial Villages, Piney Point Village is the wealthiest area in Texas by per capita income.
Opulence and luxury are staples in Piney Point real estate. The city also enjoys a relatively central location near key Houston hubs like Galleria and Memorial Park.
Homes in the area typically sit on large, sprawling lots. Sizes range from half-acre (21,780 square feet) to more than 160,000 square feet.
Piney Point real estate are known for luxurious amenities. Housing options range from elegant estates to gorgeous, updated ranch-style homes, and from custom-built homes to grand manors.
The city is zoned to both the Spring Branch ISD and the Houston ISD. Top schools like Memorial High School and Memorial Drive Elementary serve Piney Point homes. The Kinkaid School, a prestigious prep school, is located within the city’s borders.
- Median Home Sale Price: $2,097,500
- Median Home Sale Price / Sq Ft: $406
- Median Land Value / Sq Ft: $43
- 5 Year Appreciation Rate: 73%
Hunters Creek is one of the most expensive suburbs in Texas. It is one of the independent cities that make up the Memorial Villages.
Homes in the city are constantly in great demand due to the area’s excellent location, superb schools, and beautiful luxury homes.
Originally a farming community, the city has taken great care to maintain its wooded surroundings and preserve its tranquil charm.
Nestled south of Katy Freeway, the city is minutes away from Loop 610 and Memorial Park. The Galleria is a short drive away, along with other key Houston districts like Downtown and the Medical Center.
The city is zoned to both the Spring Branch ISD and the Houston ISD. Award-winning schools like Hunters Creek Elementary School and Memorial High School serve the neighborhood.
The average lot area of Hunters Creek homes for sale is half acre, or 21,780 square feet. Long driveways, sprawling lawns and backyards are common in the area, giving additional privacy to homeowners.
- Median Home Sale Price: $2,095,000
- Median Home Sale Price / Sq Ft: $413
- Median Land Value / Sq Ft: $96
- 5 Year Appreciation Rate: 11%
Crestwood is an affluent residential neighborhood adjacent to Memorial Park.
The neighborhood is one of the upscale communities that make up the area better known as Crestwood/Glen Cove.
Crestwood homes have convenient access to main thoroughfares, including Loop 610, I-10, Memorial Drive, and Washington Avenue.
Having a 1,500-acre park next door has its perks, including easy access to a municipal golf course, hike and bike trails, and other facilities for outdoor activities. Schools, restaurants, cafes, and retail centers are also mere minutes away from Crestwood homes.
Lot sizes in the area are bigger by Houston standards. Crestwood real estate typically offer 7,500 to 9,000 square feet. Bigger properties can offer more than 40,000 square feet.
- Median Home Sale Price: $2,075,000
- Median Home Sale Price / Sq Ft: $369
- Median Land Value / Sq Ft: $61
- 5 Year Appreciation Rate: 67%
Located west of Downtown Houston, the Memorial area lies just outside Loop 610.
The vast Memorial area is made up of several neighborhoods, independent cities, and smaller gated communities.
The area is zoned to some of the top ranked schools in Texas including Memorial Drive Elementary, Frostwood Elementary, Wilchester Elementary, Bunker Hill Elementary, Memorial Middle and Memorial High.
Land value in Memorial is typically lower than neighborhoods like Tanglewood, West University, or River Oaks, and many Memorial homes for sale have large, wooded lots. A large number of Memorial home buyers choose the area because they want more land than inner loop neighborhoods provide.
Memorial homes enjoy easy access to schools, stores, restaurants, entertainment centers, and parks. The Galleria/Uptown area and the Energy Corridor, two of Houston’s largest employment centers, are easily accessible from Memorial.
Note: The following communities have been included in the Memorial Close In area: Sherwood Forest, Winston Wood, Pinewood Estates, Bayou Woods, Stablewood, Longwoods, Oak Hill, Park Laureate Place, Park at Saddlebrook.
6. Avalon Place
- Median Home Sale Price: $1,895,000
- Median Home Sale Price / Sq Ft: $412
- Median Land Value / Sq Ft: $111
- 5 Year Appreciation Rate: 59%
Avalon Place is a small Inner Loop neighborhood of lovely, historic homes amidst mature trees. It’s often considered to be an extension of the prestigious River Oaks.
The neighborhood offers a great community feel due to its old-fashioned charm and beautiful surroundings.
Nestled between River Oaks and Montrose, Avalon Place combines the grace of Montrose’s historic homes and the luxuries of River Oaks.
Avalon Place is near hundreds of shopping options in the Highland Village and Galleria area. The neighborhood also has easy access to the main job centers of Downtown, Medical Center and Greenway Plaza.
The community is divided into 7 sections, each following their own deed restrictions. In 2001, these sections were restarted and incorporated. The deed restrictions were collected into a master document and set forth the requirements that are presently followed.
- Median Home Sale Price: $1,849,000
- Median Home Sale Price / Sq Ft: $353
- Median Land Value / Sq Ft: $46
- 5 Year Appreciation Rate: 68%
One of the independent cities that make up the Memorial Villages, Hedwig Village is an upscale neighborhood a few miles west of Downtown Houston.
Tree-lined streets, elegant mini-mansions, and ranch-style homes define the city’s old country-living and new upbeat charm.
Located along Katy Freeway, Hedwig Village features easy access to Inner Loop hubs including Downtown Houston and the Museum District. Another business center, the Energy Corridor is a few minutes west of the city.
Hedwig Village homes sit on large, tree-roofed lots, with ample space for front- and backyards. A number of properties feature older ranch-style homes, though these are slowly being replaced with new construction custom-built manors.
The city is zoned to the Spring Branch ISD, well-known for its excellent schools. A number of schools are located within Hedwig Village, including Memorial High School, Spring Branch Middle School, and St. Cecilia School.
Unlike the other cities in the Memorial Villages, Hedwig Village allows commercial establishments within its borders. The Hedwig Village Shopping Center and the Echo Lane Shopping Center are located in Hedwig, along with offices and other businesses.
8. Bunker Hill
- Median Home Sale Price: $1,847,000
- Median Home Sale Price / Sq Ft: $413
- Median Land Value / Sq Ft: $44
- 5 Year Appreciation Rate: -12%
Bunker Hill Village is one of the six upscale independent cities that make up the Memorial Villages.
The city was named one of Forbes’ Top Places to Live Well. Its tree-lined streets, peaceful atmosphere, and beautiful homes make it a very desirable neighborhood.
A residential enclave located at the heart of the Memorial area, Bunker Hill features a great location near Katy Freeway (I-10) and Sam Houston Parkway (Beltway 8).
Bunker Hill Village is largely residential, but its location near the Memorial City Mall and the CityCentre gives residents great access to a wide variety of restaurants and stores.
Like most of the Memorial Villages, Bunker Hill features elegant homes sitting atop sprawling, wooded grounds. Home options range from beautifully updated ranch-style homes to newly constructed custom-built mansions.
The city is zoned to the highly-regarded Spring Branch ISD, and is home to two National Blue Ribbon Schools: Frostwood Elementary and Bunker Hill Elementary.
- Median Home Sale Price: $1,750,000
- Median Home Sale Price / Sq Ft: $358
- Median Land Value / Sq Ft: $62
- 5 Year Appreciation Rate: 40%
Apart from being one of Houston’s most expensive neighborhoods, Tanglewood is also among the Best Houston Neighborhoods for Land Value Appreciation.
Tanglewood offers a good commute to Houston’s major job centers including: Downtown, the Galleria and Energy Corridor. In addition, over 550 Yelp-ranked establishments are within 3 miles of the neighborhood.
The median home price in Tanglewood is approximately $1.75 million. When comparing with West University or River Oaks, the average Tanglewood home for sale is newer and has a larger lot (land prices are cheaper). Compared with homes in Memorial Villages, Tanglewood land values are more expensive and lots are smaller.
10. Glen Cove
- Median Home Sale Price: $1,750,000
- Median Home Sale Price / Sq Ft: $366
- Median Land Value / Sq Ft: $101
- 5 Year Appreciation Rate: 30%
Glen Cove is a heavily deed restricted neighborhood featuring tree-lined streets, large lots, and breathtaking views of the Buffalo Bayou.
Glen Cove is very near to Memorial Park and Museum District. It is also within minutes from Downtown Houston, Galleria, and Uptown Houston. Glen Cove homes for sale are near the Hogg Bird Sanctuary, excellent jogging and biking trails of Memorial Park, and stunning views of the Buffalo Bayou.
Glen Cove is divided into 3 subdivisions, each with its own set of deed restrictions. Most of the area is restricted to single-family residential use except for certain lots in Glen Cove 2 and the small parcel of land at the corner of Arnot St. and Westcott St.
Glen Cove Houston is bordered by Buffalo Bayou to the south, Crestwood Drive to the west, Arnot Street to the north, and Westcott Street to the west. The area is right next to Crestwood, directly east of Memorial Park
11. Sunset Terrace
- Median Home Sale Price: $1,595,000
- Median Home Sale Price / Sq Ft: $351
- Median Land Value / Sq Ft: $129
- 5 Year Appreciation Rate: 23%
Sunset Terrace is a small residential enclave located south of Bissonnet Street and east of Kirby Drive.
Located in the upscale West University area, Sunset Terrace features luxurious homes along tree-canopied streets that have come to be known as one of “Houston’s best kept secrets”.
With easy access to Houston’s hotspots, Sunset Terrace homes are 5.3 miles away from Downtown Houston, 4.1 miles away from the Galleria, and 2.1 miles away from Texas Medical Center.
Sunset Terrace is bordered by the affluent neighborhoods of West University, Southampton, and Upper Kirby, and is surrounded by dining, shopping, and entertainment options including Rice Village, River Oaks Shopping Center and Greenway Plaza.
Known for its tree-canopied streets, Sunset Terrace is also a comfortable drive away from Hermann Park and Memorial Park, famous for its hike-and-bike trails, picnic grounds, playgrounds, sports facilities, and golf courses.
Developed in the 1940s, the quiet neighborhood of Sunset Terrace features a charming architectural mix of traditional and new-construction contemporary homes.
Sunset Terrace homes sit on lots ranging from 5,000 up to 9,000 square feet, with 1-, 2- and 3-story home options that can accommodate three to five bedrooms. New-construction homes feature luxurious amenities such as hardwood flooring, formal living and dining areas, game rooms, spacious walk-in closets, and landscaped and pool-ready backyards.
12. Rice Court
- Median Home Sale Price: $1,368,000
- Median Home Sale Price / Sq Ft: $417
- Median Land Value / Sq Ft: $124
- 5 Year Appreciation Rate: 83%
Rice Court is a posh community of vintage and new-construction homes located east of Buffalo Speedway and west of Rice Village.
Situated in one of the most expensive real estate areas in Houston, Rice Court features luxurious mini-mansions within a vibrant, high-class, and exclusive neighborhood.
Rice Court enjoys a central location with easy access to major thoroughfares including Buffalo Speedway, Kirby Drive, Bellaire Boulevard, Loop 610, and US 59. The neighborhood is less than 5 miles southwest of Downtown Houston, making for a short drive to this major economic zone, including nearby shops, restaurants, and entertainment establishments.
With no shortage of green spaces within the tree-lined community, Rice Court homes are also minutes away from acres of parks including Colonial Park, Hermann Park, and Memorial Park.
Rice Court is serviced by the Houston ISD, and students in the area may attend the award-winning schools of West University Elementary School, Pershing Middle School, and Lamar High School. There are also a number of notable private schools in the area.
Featuring newly constructed and carefully maintained vintage homes, Rice Court offers luxurious homes in traditional, colonial, and contemporary architectural designs. Rice Court homes are sprawled in large lots ranging from 5,000 to 9,000 square feet in 1-, 2-, and 3-story home options.
Home features include up to three to six bedrooms, formal living and dining areas, summer kitchens, and pool-sized yards. New construction homes include luxurious touches such as high beamed ceilings, imported stone woodburning fireplaces, and wine rooms.
- Median Home Sale Price: $1,349,500
- Median Home Sale Price / Sq Ft: $371
- Median Land Value / Sq Ft: $109
- 5 Year Appreciation Rate: 50%
Southampton is not just one of the 20 Most Expensive Neighborhoods In Houston, the neighborhood is also one of the 14 Hottest Inner Loop Neighborhoods in real estate appreciation.
The stringent deed restrictions in Southampton Place maintain the identity and integrity of the neighborhood. A canopy of mature oak trees line the streets of this strictly single-family residential community.
Security in the neighborhood is top-notch. The Southampton/BOCA Patrol service is composed of off-duty Houston Police District officers. They patrol the area in marked police cars 24 hours a day.
Southampton homes for sale are mostly luxurious single-family properties with over 3 bedrooms and 3 baths.
14. Southside Place
- Median Home Sale Price: $1,347,000
- Median Home Sale Price / Sq Ft: $354
- Median Land Value / Sq Ft: $119
- 5 Year Appreciation Rate: 61%
An upscale community just north of Bellaire Boulevard, Southside Place features homes for sale consistently in high demand due to the community’s central location, luxurious homes, and charming small-town feel.
Southside Place is conveniently located near major roads and thoroughfares including Loop 610, Bellaire Boulevard, and Bissonnet Road, giving it convenient access to key Houston areas such as Downtown Houston and Texas Medical Center.
With some of the most expensive real estate in Houston, Southside Place features a luxurious selection of vintage and newly constructed homes sprawled across spacious lots.
Featuring a central Inner Loop location, Southside Place homes are minutes away from dining, shopping, and entertainment hotspots.
With luxurious homes sprawled on large lots, Southside Place continuously ranks as one of Houston’s wealthiest locations.
15. West University
- Median Home Sale Price: $1,285,000
- Median Home Sale Price / Sq Ft: $351
- Median Land Value / Sq Ft: $117
- 5 Year Appreciation Rate: 49%
West University is consistently ranked as one of Houston’s best communities.
West University has its own police force, which boasts that they have “one of the best crime rates in all of Houston.” Residents can sign up for text messages to be alerted to any community issues, in real time.
With a median home price over $1M (and new construction constantly selling over $2M), West University also has one of the best five and ten year appreciation rates of any neighborhood in Houston.
The neighborhood’s park system, baseball fields, recreation center, library, and Rice Village offer one of Houston’s most accessible communities.
16. Boulevard Oaks
- Median Home Sale Price: $1,224,000
- Median Home Sale Price / Sq Ft: $333
- Median Land Value / Sq Ft: $87
- 5 Year Appreciation Rate: 6%
Boulevard Oaks is an exclusive collection of 21 subdivisions near Rice University.
Boulevard Oaks is also just a few minutes from Texas Medical Center, Downtown Houston, and Museum District.
The neighborhood employs a 24-hour private security patrol provided by Houston Police and Harris County peace officers.
Boulevard Oaks is one of the few Inner Loop neighborhoods with tree-lined, divided streets, large lots and good deed restrictions.
Transit to Downtown Houston is easy with the new MetroRail line. It also offers easy access to the Southwest Freeway and nearby Main Street.
Boulevard Oaks is comprised of around 1,200 homes. Many of the older homes were designed by Houston’s finest architects of their time. Common home styles include Tudor revival, Colonial revival, Italian renaissance, Spanish eclectic, French manorial, Neoclassical, post-war ranch, and English Picturesque.
17. Spring Valley
- Median Home Sale Price: $1,125,000
- Median Home Sale Price / Sq Ft: $298
- Median Land Value / Sq Ft: $45
- 5 Year Appreciation Rate: 84%
One of the six independent cities that make up the upscale Memorial Villages, Spring Valley is a quiet, purely residential neighborhood.
Located along the I-10, Spring Valley Village has easy access to key Inner Loop neighborhoods like The Galleria and Downtown Houston. The Energy Corridor, another major employment center, is a few minutes west of the city.
The neighborhood is a largely residential enclave with tree-lined streets and homes on expansive, wooded grounds.
Spring Valley Village offers a unique small town vibe – but with easy access to the comforts of the big city. Its tight-knit community, along with its serene and green areas, makes it an ideal neighborhood to set down roots.
Spring Valley homes are zoned to the highly regarded Spring Branch ISD. A number of schools are located within the neighborhood, including the Academy of Choice and Bear Boulevard School.
18. Memorial Forest
- Median Home Sale Price: $1,072,500
- Median Home Sale Price / Sq Ft: $371
- Median Land Value / Sq Ft: $65
- 5 Year Appreciation Rate: 29%
Located in west Houston and about 10 minutes away from Downtown Houston and Galleria, Memorial Forest is an upscale neighborhood defined by its luxury homes, parks, natural topography, and man-made landscape.
Memorial Forest is roughly bordered by Gessner Road, Kimberley Lane, and Barryknoll Lane. The neighborhood is also in close proximity to main Houston thoroughfares Katy Freeway and Sam Houston Tollway.
The neighborhood is composed of nearly 280 homes with a median lot size of over 10,000 square feet. Memorial Forest homes for sale have some of the largest yards in Houston.
Most of the homes were built in the 1950s and have an average of around 4 bedrooms and 2.5 bathrooms. Home prices range from $550,000 to well over $1 million.
Most homes in Memorial Forest are accessible through Memorial Drive, where you will find the Memorial Forest Club. The Memorial Forest Club offers day camps, swimming programs, and tennis clinics to its members.
- Median Home Sale Price: $1,029,000
- Median Home Sale Price / Sq Ft: $316
- Median Land Value / Sq Ft: $65
- 5 Year Appreciation Rate: 33%
A small community of around 300 homes, Frostwood is a quiet residential enclave just inside Beltway 8.
Frostwood homes for sale are among the most desirable within the Memorial West area.
The neighborhood lies in the area south of Interstate 10 and east of Beltway 8. Frostwood homes have easy access to Gessner Road and Memorial Drive. Frostwood residents have a fairly easy commute to and from the Energy Corridor, the Galleria, and neighborhoods within the Inner Loop.
Like its neighbor Bunker Hill, Frostwood displays a distinct, country-living atmosphere. Homes tucked within large wooded lots line the neighborhood’s streets. Most Frostwood homes date back to the 1950s and 60s, all beautifully updated and maintained.
Frostwood homes are zoned to the highly rated Spring Branch Independent School District. National Blue Ribbon Schools, Memorial High School, Memorial Middle School, and Frostwood Elementary, serve the area.
20. Royden Oaks / Afton Oaks
- Median Home Sale Price: $952,500
- Median Home Sale Price / Sq Ft: $310
- Median Land Value / Sq Ft: $59
- 5 Year Appreciation Rate: 62%
Royden Oaks is a quiet enclave of over 200 homes in the heart of Inner Loop.
The subdivision enjoys the same location benefits of its neighbor, River Oaks. While it has its own collection luxury homes for sale, Royden Oaks real estate are still less expensive compared to homes for sale in River Oaks.
Royden Oaks is located in the geographic center of Houston making it one of the most accessible Houston neighborhoods.
Home sizes range from 2,000 – 5,000 square feet and are at least 25 feet away from the front property line guaranteeing spacious front yards.
Posh new constructions have been changing the Royden Oaks real estate market for the past decade.
Despite being on relatively smaller lots, these new homes rival the grandeur of River Oaks homes for sale and sell in the neighborhood of $1 million. More than a third of the older homes have already been replaced with stunning 2-story homes.
More About Paige MartinTop Realtor In Houston
As featured on Fox News in the Morning, Houston Business Journal, and Houston Chronicle, Paige Martin, a consistent Top Producing Broker-Associate and the owner of HoustonProperties.com, is ranked amongst the top Keller Williams agents in the United States.
Paige Martin is ranked as one of the top residential real estate agents in the world.
A Houston-area native, Paige is an experienced, successful partner in any residential real estate transaction. Armed with a local perspective of the city & a deep knowledge of Houston real estate market, her skills have marked her as one of the most sought-after agents in Houston.
Upon graduation from Baylor University, Paige launched a career as a marketing consultant, developing customized marketing plans and strategies for her clients. She now uses those professional marketing skills to help her real estate clients find and sell their homes.
When working with home sellers, Paige employs individually-tailored, cutting-edge techniques to gain her clients the most value in the shortest time.
She is also an ideal partner for buyers, helping them make informed home-buying decisions with the least amount of stress.
Paige is passionate about her work, her clients and her city. Her attention to detail and excellent communication skills make her the perfect choice for those looking to buy or sell a home in Houston.
In addition to her robust real estate career, Paige was appointed by Houston’s Mayor Bill White to serve on the Board of Directors for the Downtown Redevelopment Authority and Tax Increment Reinvestment Zone #3 (TIRZ), where she volunteers her time as a Chairman of the Housing Committee, as well as a member the Budget & Finance Committee. Paige also serves a variety of non-profits, civic and community boards and has been recognized for fundraising by the Houston Police Foundation.
A member of the National Association of Realtors, Texas Association of Realtors and Houston Association of Realtors, Paige has served on the Houston Association of Realtors MLS Advisory Group, in which she volunteers on the TEMPO Task Force and the CMA Task Force. Paige is also the co-chair of the Keller Williams Realty – Memorial Office’s Luxury Homes Committee.
Paige Martin is a customer-focused Houston Realtor’ (member of the National Association of Realtors) dedicated to providing exceptional service. Paige and her team guides clients through all aspects of learning about Houston, relocating to Houston, buying a home, buying a highrise or condo, tips for selling your home and ensuring that your transaction goes as seamlessly as possible.
Email Paige at Paige@HoustonProperties.com or call 713-384-5177 today for personalized service.
Methodology & Disclaimers:
- Median home sale prices are based on single family home sales for 2016 (January 1 – August 22).
- Median land value prices are based on both homes sold at lot value and lot sales.
- Neighborhoods with less than 10 homes sales per year over the past 10 years were excluded.
- 5 year appreciation rates compare 2012 to 2016 and are based on median sold price per square foot.
- 10 year appreciation rates compare 2007 to 2016.
- Data is deemed reliable, but not guaranteed. All source material from HAR MLS sold information.