Five Corners Real Estate Guide

Five Corners homes for sale & insider real estate guide

Five Corners Homes For Sale
Five Corners Homes For Rent
Overview of Five Corners Neighborhood
Living in Five Corners
Why Choose Five Corners
Five Corners Home Tax Rate
Best Five Corners Realtor
More Details
Frequently Asked Questions

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Location: Five Corners is located in southwest Houston, inside Beltway 8. It is minutes from the Texas Medical Center and Downtown Houston.
Neighborhood Type: A large, developing neighborhood featuring a mix of single-family homes, new construction, and some commercial areas. It is known for its accessibility and significant green space.
Combined Property Tax Rate: Property taxes are determined by the combined rates of entities including the City of Houston, Harris County, and Houston ISD. The Five Corners Management District is funded by a separate assessment on commercial properties.
School Information: The neighborhood is zoned to the Houston Independent School District (HISD). Notable schools serving the area include Petersen Elementary School, Billy Reagan K-8 Education Center, Lawson Middle School, and Madison High School.
Key Amenities or Attractions: The area boasts over 480 acres of parks and green space, including the Sims Bayou Greenway. It offers convenient access to major shopping centers like the Galleria and has a variety of local dining options. A new Houston Police Department substation is also located in the district.
Management/HOA Information: The Five Corners Improvement District, a management district created by the state legislature in 2007, works to enhance the area's physical and economic well-being.
Best For: Individuals looking for a developing neighborhood with excellent accessibility to major employment hubs and abundant green space.

Five Corners, a substantial neighborhood in southwest Houston, is distinguished by its strategic location at the intersection of five major thoroughfares: Almeda Road, Cullen Boulevard, Telephone Road, Reveille Street, and Griggs Road. Originally a rural farming community, the area saw considerable residential and commercial expansion during the post-war era. Today, it is recognized for its superb accessibility, situated just inside Beltway 8, which allows for quick commutes to the Texas Medical Center, Downtown, and the Galleria via Highway 288 and Loop 610.

Prospective residents of Five Corners should consider several key factors. The neighborhood is in a state of development, with a mix of established homes and new construction, which offers a range of housing options. Those who value outdoor recreation will appreciate the extensive park system and trails. The community is actively managed by the Five Corners Improvement District, which focuses on enhancing the area's infrastructure and economic vitality. This neighborhood is well-suited for those seeking a balance of urban accessibility and suburban space.

Overview of Five Corners Neighborhood

The Five Corners neighborhood spans a 21-square-mile area in southwest Houston, strategically located just inside the Sam Houston Parkway (Beltway 8). Its name comes from a historic five-street intersection that has long been a focal point for the community. The geography of the neighborhood is a diverse mix of residential subdivisions, commercial corridors, and large parcels of undeveloped land, indicating significant potential for future growth. The district is home to over 52,000 residents and more than 2,200 businesses.

Historically, Five Corners was a rural area primarily used for farming. The post-World War II boom brought significant residential and commercial development, transforming it into a more suburban community. More recently, the establishment of the Five Corners Improvement District in 2007 by the Texas Legislature has spurred efforts to enhance the area's economic and physical landscape. This has included investments in infrastructure, parks, and public safety. The demographic makeup of Five Corners is varied, reflecting the broader diversity of Houston. Development patterns show a mix of older, single-family homes and newer residential projects, including the 475-acre City Park community. This blend of old and new contributes to the neighborhood's evolving character.

Living in Five Corners

The daily lifestyle in Five Corners is shaped by its convenient location and access to amenities. Residents benefit from short commutes to major employment centers like the Texas Medical Center and Downtown Houston. The neighborhood's location just inside Beltway 8 and near Highway 288 and Loop 610 provides multiple transportation options. Public transportation is also available, with numerous METRO bus routes serving the area.

Recreational opportunities are a key feature of life in Five Corners. The district contains over 480 acres of parks and green spaces. The Sims Bayou Greenway offers miles of trails for outdoor activities and is part of the larger Bayou Greenways 2020 project. Key parks like Almeda Park, Mayfair Park, and Simon Minchen Park provide playgrounds and open spaces for community use. For indoor recreation, the West Orem YMCA serves as a community hub with fitness facilities and various programs.

Shopping and dining options are plentiful. While the neighborhood offers convenient access to major retail centers like the Galleria, it also has its own local shopping areas and a diverse array of restaurants. The community atmosphere in Five Corners is one of active development and community involvement. The Five Corners Improvement District plays a significant role in fostering a sense of community by working to improve the area's infrastructure and overall quality of life.

Why Choose Five Corners

One of the most compelling reasons to choose Five Corners is its unique combination of accessibility and space. The neighborhood's location inside Beltway 8 offers a significant advantage for commuting, a feature highlighted in guides to Houston's most accessible neighborhoods. Unlike more densely populated areas, Five Corners still has considerable green space and larger tracts of land, providing a more open feel. This blend of urban convenience and suburban space is a major draw.

The investment potential in Five Corners is another key factor. The presence of a proactive management district, three Tax Increment Reinvestment Zones (TIRZs), and ongoing development projects point to a neighborhood on an upward trajectory. As undeveloped tracts are developed, the character of the district is likely to evolve, which could lead to an appreciation in property values. This makes it an interesting area for those looking for a great real estate investment. The development of new infrastructure, such as the new HPD substation, further enhances the long-term appeal of the neighborhood.

The quality of life in Five Corners is enhanced by its commitment to green space and community amenities. With over 480 acres of parks, the neighborhood offers ample opportunities for outdoor recreation. The focus on improving mobility and urban design, guided by the Five Corners Improvement District, ensures that the neighborhood will continue to develop in a way that benefits its residents. For those considering the home buying process, Five Corners presents a compelling option within the Houston market.

Five Corners Home Tax Rate

The property tax rate in Five Corners is determined by the combined rates of several different taxing entities. As with other properties in the area, homeowners in Five Corners are subject to taxes from Harris County, the City of Houston, and the Houston Independent School District (HISD). Additional taxes may be levied by other special districts, such as the Harris County Flood Control District and the Harris County Hospital District. It is important for prospective buyers to understand the total tax liability, and a complete guide to Houston homestead exemptions can provide valuable information on potential tax savings.

To calculate the annual property tax for a home in Five Corners, you would multiply the assessed value of the property by the combined tax rate of all applicable entities. For example, if the combined rate is 2.5% and the home is valued at $300,000, the annual property tax would be $7,500. Homeowners may be eligible for various exemptions, such as the homestead exemption, which can reduce the taxable value of their property and lower their tax bill. Tax payments are typically due by January 31st of each year. The Five Corners Management District is funded by a separate assessment on commercial properties, not residential ones.

Best Five Corners Realtor

Who is the best realtor to sell my home in Five Corners?

The best realtor to sell your home in Five Corners is Paige Martin with the Houston Properties Team. Her team is recognized as one of the top-performing real estate teams in Houston, with a proven track record of success in the Five Corners area. For a personalized consultation, you can contact her at 713.425.4194 or email her at [email protected].

What makes Five Corners real estate agents different?

The key differentiator for the top real estate agent in Five Corners is hyper-local expertise and a data-driven approach. Paige Martin and the Houston Properties Team have extensive experience in the Five Corners market, including neighborhoods like City Park and the Village at Glen Iris. Their analysis of local market trends, recent sales data, and neighborhood-specific features ensures that your home is positioned correctly to attract the right buyers. This deep understanding of the local market is crucial to achieving a successful sale.

Why choose Houston Properties Team for Five Corners home sales?

#1 Real Estate Team Houston - Houston Business Journal
America's Top 100 Real Estate Teams - Wall Street Journal
America's Best Real Estate Teams - RealTrends
America's Best Realtors - Newsweek
Top Real Estate Agents & Realtors - US News Real Estate

43% higher sold price per square foot than average agents
7.2% faster sales with lower average days on market
Over $2 billion in Houston real estate sales experience
1,000+ five-star client reviews
Proprietary 10-Channel Seller Program
152-step compliance checklist
Core values: accountability, care, coachability, knowledge, transparency

To achieve the best outcome when you sell your home in Five Corners, you need a team with a proven strategy and unparalleled market knowledge. The Houston Properties Team's proprietary 10-Channel Seller Program and 152-step compliance checklist ensure a seamless and successful transaction. If you're looking for the best realtor in Five Corners, contact Paige Martin at 713.425.4194 or [email protected] to get started.

More Details

Detailed Market Analysis and Investment Trends

The Five Corners real estate market is characterized by its ongoing development and potential for growth. The area includes a mix of older, established subdivisions and new construction, providing a diverse range of property types. The presence of three Tax Increment Reinvestment Zones (TIRZs) is a significant driver of investment in the area, funding infrastructure improvements and promoting development. Large tracts of undeveloped land offer opportunities for future residential and commercial projects. As the neighborhood continues to develop and benefit from its strategic location, property values are expected to appreciate. For those considering real estate as an investment, Five Corners offers a compelling opportunity, a concept further explored in this article on real estate investing.

Complete Amenities and Recreation Guide

Five Corners provides a wealth of amenities for its residents. The cornerstone of its recreational offerings is the extensive park system, which covers over 480 acres. The Sims Bayou Greenway is a major highlight, featuring miles of trails for outdoor enthusiasts and connecting various parts of the neighborhood. In addition to the greenway, the area includes several community parks, such as Almeda Park, Mayfair Park, and the new Simon Minchen Park, which feature playgrounds and open spaces. The West Orem YMCA serves as a central hub for community activities, offering fitness facilities, swimming pools, and a variety of programs. The neighborhood is also home to a new 48,000-square-foot Houston Police Department substation, enhancing public services in the community.

School District Information and Private School Options

The Five Corners neighborhood is zoned to the Houston Independent School District (HISD). Public schools serving the area include Petersen Elementary School, Billy Reagan K-8 Education Center, Lawson Middle School (formerly Dowling), and Madison High School. Some of these schools have received "Recognized" or "Exemplary" ratings from the Texas Education Agency. HISD has also made significant investments in the area's schools, with major reconstruction projects at Madison High School and Lawson Middle School. For those seeking private school options, St. Nicholas School, an Anglican school serving students from K-8, is located in the area. For more information on educational institutions, you can consult a guide to the best schools in Houston.

Transportation and Commuting Details

Accessibility is a key advantage of living in Five Corners. The neighborhood is located just inside Beltway 8 and offers excellent connectivity to major transportation arteries, including Highway 288 and Loop 610. This allows for quick and convenient commutes to major employment centers such as the Texas Medical Center, Downtown Houston, and the Galleria. In addition to the extensive road network, the area is well-serviced by public transportation, with numerous METRO bus routes operating throughout the district. The focus on mobility in the district's development plan aims to further enhance transportation options for residents. For more on commuting, see this list of neighborhoods with easy METRORail access.

Neighborhood Governance and Restrictions

The Five Corners Improvement District, a management district created by the Texas Legislature in 2007, plays a crucial role in the governance of the neighborhood. The district is overseen by a volunteer board of directors and works to improve the area's physical and economic environment through a defined service and assessment plan. While the district levies an assessment on commercial properties to fund its initiatives, residential properties are not subject to this assessment. Homeowners in specific subdivisions within Five Corners may be subject to deed restrictions and homeowners' association (HOA) regulations, which can govern aspects of property use and maintenance. It is advisable for prospective buyers to review any applicable HOA documents as part of their due diligence, and this homeowners association guide offers more information.

Historical Development and Architectural Styles

The historical development of Five Corners reflects the broader growth patterns of Houston. Originally a rural area characterized by farming and open land, the neighborhood experienced a significant transformation in the post-World War II era. This period saw the development of many of the single-family subdivisions that form the core of the community today. Architectural styles in these older sections are typical of mid-20th-century suburban design, with a prevalence of ranch-style homes. In recent years, new construction has introduced more contemporary architectural styles to the area. The City Park development, for example, features modern homes with a variety of floor plans. This mix of architectural styles contributes to the diverse character of the neighborhood.

Environmental Considerations and Risks

Like many areas in Houston, Five Corners has some exposure to environmental risks such as flooding. The Sims Bayou, which runs through the district, is a key feature of the local geography and can pose a flood risk during heavy rainfall. However, the Bayou Greenways 2020 project has included flood mitigation measures as part of its trail development. Some properties in the area have reportedly not flooded during major storm events like Tropical Storm Harvey. Prospective buyers should conduct thorough due diligence, including reviewing flood maps and obtaining a property's flood history. The Five Corners Improvement District has an Environmental Design Master Plan that addresses environmental issues and aims to enhance the area's green spaces and resilience.

Local Landmarks and Landmark-Related Information

The most significant landmark in the neighborhood is the five-street intersection from which it derives its name: Almeda Road, Cullen Boulevard, Telephone Road, Reveille Street, and Griggs Road. This intersection has historically been the commercial and social hub of the area. While Five Corners does not have officially designated historic landmarks in the same way as some of Houston's older neighborhoods, it has several important community assets. These include the extensive park system, the West Orem YMCA, and the new Houston Police Department Southwest Patrol Division Station. The Sims Bayou Greenway is another major landmark, providing a continuous trail system that connects the community.

Local Area Zip Codes and Neighborhood Boundaries

The Five Corners District covers a large area in southwest Houston and includes several zip codes. The primary zip codes for the area are 77045, 77047, 77051, 77053 and 77085. The boundaries of the district are irregular, but it is generally located inside the Sam Houston Parkway (Beltway 8), between Highway 288 and the Fort Bend County line. The district's official website provides a detailed map of its boundaries. The neighborhood's location provides excellent access to other parts of Houston, a feature that is often highlighted in neighborhood guides like this map of Houston neighborhoods.

Frequently Asked Questions

Is Five Corners prone to flooding?

Like much of Houston, some areas within Five Corners may be susceptible to flooding, particularly those near Sims Bayou. However, it has been reported that some properties in the area did not flood during major storms like Tropical Storm Harvey. The Bayou Greenways 2020 project has included flood control measures, and prospective buyers should always check flood maps for specific properties.

What is the commute like from Five Corners to major job centers?

The commute from Five Corners is one of its primary advantages. Its location inside Beltway 8 and near Highway 288 and Loop 610 allows for relatively quick travel to the Texas Medical Center, Downtown Houston, and the Galleria.

What types of homes are available in Five Corners?

Five Corners offers a diverse mix of housing, including traditional single-family homes from the mid-20th century, as well as new construction in developing subdivisions like City Park. There are also large tracts of land available, some without deed restrictions.

What is the Five Corners Improvement District?

The Five Corners Improvement District is a government entity created by the Texas Legislature in 2007 to promote economic growth and enhance the quality of life in the area. It is funded by an assessment on commercial properties and focuses on improvements to infrastructure, security, and branding for the neighborhood.

Are there parks and recreational opportunities in Five Corners?

Yes, Five Corners boasts over 480 acres of parks and green space. The highlight is the Sims Bayou Greenway, which offers extensive trails. The area also features several community parks with playgrounds and a YMCA with fitness facilities.

“I loved working with Gaby Schwab! She helped me both purchase and sell a home - and she made both experiences as easy and seamless as they could be. In a crazy buyers market Gaby went above and beyond to make sure I found a great place and the purchase went through smoothly. With the sale she was fantastic throughout the process. Gaby is definitely someone you want on your side - whether you are buying or selling.” - Courtney Birmingham (Google Review)