Memorial Parkway Real Estate Guide

Memorial Parkway homes for sale & insider real estate guide

Memorial Parkway Homes For Sale
Memorial Parkway Homes For Rent
Quick Facts
Overview of Memorial Parkway Neighborhood
Living in Memorial Parkway
Why Choose Memorial Parkway
Memorial Parkway Home Tax Rate
Best Memorial Parkway Realtor
More Details
Frequently Asked Questions

Quick Facts

Location: Located in unincorporated Harris County, about 25 miles west of Downtown Houston and adjacent to the city of Katy. The neighborhood offers convenient access to the Energy Corridor, Interstate 10, and the Grand Parkway (SH 99).
Neighborhood Type: A well-established residential subdivision developed in the 1970s and 1980s, known for its mature trees, traditional homes, and spacious lots.
Combined Property Tax Rate Breakdown: The total property tax rate is a combination of levies from multiple entities, including Harris County, Katy Independent School District (Katy ISD), Harris County Municipal Utility District 81 (MUD 81), and Harris County Emergency Services District 48 (ESD 48).
School Information: Zoned to the highly-acclaimed Katy Independent School District. Local schools include Memorial Parkway Elementary (Niche B+), Hayes Elementary, Memorial Parkway Junior High (Niche A-), and James E. Taylor High School (Niche A+).
Key Amenities: Community amenities include a central clubhouse on Cimarron Parkway, two swimming pools (Cimarron Pool and Highland Knolls Pool), lighted tennis courts, and several neighborhood playgrounds.
Management/HOA Information: The community is managed by the Memorial Parkway Homeowners Association (MPHOA), which is responsible for maintaining common areas and enforcing deed restrictions to preserve neighborhood standards.
Best For: Households and individuals seeking an established suburban community with excellent schools, a strong community feel, and a straightforward commute to major employment centers in West Houston and the Energy Corridor.

Memorial Parkway is a well-regarded community in West Houston that balances suburban appeal with convenient access to urban amenities. Established in the 1970s and 1980s, the neighborhood is distinguished by its mature oak trees, traditional brick homes, and a quiet, settled atmosphere. Its location within unincorporated Harris County, just east of the city of Katy, places it minutes from the Energy Corridor and major transportation routes like Interstate 10 and the Grand Parkway, making it a practical choice for commuters.

Prospective residents should note that Memorial Parkway is a deed-restricted community with an active homeowners association that maintains property standards and manages amenities. The cost of living is complemented by access to top-tier public schools in the Katy ISD. This neighborhood is a strong fit for those who appreciate the stability of an older subdivision and a community-centric environment. It may be less suitable for those desiring new construction or a more urban, mixed-use setting.

Overview of Memorial Parkway Neighborhood

Memorial Parkway is one of the pioneering communities along the Mason Road corridor, with its development spanning from the late 1970s through the mid-1980s. This period of construction has resulted in a cohesive architectural landscape, primarily featuring single-family homes with traditional designs. Geographically, the neighborhood is situated in a key suburban expanse of unincorporated Harris County, positioned strategically between the energy sector hubs to the east and the rapidly growing city of Katy to the west. Its boundaries are generally defined by Highland Knolls Drive to the north, Westgreen Boulevard to the east, and Mason Road to the west, with access to major thoroughfares that facilitate connectivity across the Greater Houston area.

The development of Memorial Parkway was designed to offer a classic suburban experience. The layout incorporates winding streets, cul-de-sacs, and generous lot sizes that were characteristic of its era. This design fosters a sense of privacy and space that continues to attract new residents. Demographically, the area is an upper-middle-income community, with a high percentage of residents employed in professional and managerial roles. The neighborhood's stability is reflected in its high rate of owner-occupancy. Over the decades, Memorial Parkway has maintained its appeal by preserving its foundational character while adapting to the modern needs of its residents, supported by a proactive homeowners association.

Living in Memorial Parkway

Daily life in Memorial Parkway is defined by convenience and community engagement. The neighborhood's internal network of parks, pools, and recreational facilities provides ample opportunities for outdoor activity right at residents' doorsteps. The Memorial Parkway Homeowners Association actively fosters a connected community atmosphere by organizing annual events, including holiday celebrations and summer activities at the pools. The Cimarron Parkway clubhouse serves as a central hub for many of these gatherings, reinforcing the neighborhood's welcoming environment. The presence of mature trees and well-maintained green spaces adds to the tranquil quality of life.

For shopping, dining, and entertainment, residents have a wealth of options nearby. The commercial corridors along Mason Road and Kingsland Boulevard feature a wide array of grocery stores, including H-E-B and Kroger, alongside numerous restaurants offering diverse cuisines. For a more extensive retail experience, LaCenterra at Cinco Ranch, an upscale outdoor shopping center, and Katy Mills Mall are both just a short drive away. Proximity to major attractions like Typhoon Texas waterpark and Andretti Karting and Games provides further recreational choices. The neighborhood's location also ensures easy access to healthcare facilities and other essential services, making it a practical and enjoyable place to live.

Why Choose Memorial Parkway

One of the most compelling reasons to choose Memorial Parkway is its exceptional value proposition, combining an accessible price point with access to some of the best schools in the Houston area through the Katy Independent School District. The consistent high ratings of its zoned schools, from elementary to high school, make it a top contender for those prioritizing education. Furthermore, the neighborhood's strategic location offers significant advantages for commuters. Its proximity to the Energy Corridor, one of Houston's largest employment centers, as well as easy access to I-10 and the Grand Parkway, can substantially shorten travel times for professionals working in West Houston.

The neighborhood's established nature provides a unique quality of life factor. Unlike newer developments, Memorial Parkway is characterized by its lush, mature landscapes, which create a serene and shaded environment. The larger lot sizes typical of homes from this era offer more outdoor space for recreation and gardening. From an investment perspective, Memorial Parkway has demonstrated market stability. The strong demand for homes, driven by the excellent schools and prime location, suggests a sound potential for property value appreciation. The active HOA ensures that the community remains well-maintained, protecting the investments of all homeowners and contributing to the neighborhood's enduring appeal.

Memorial Parkway Home Tax Rate

Understanding the property tax structure is a critical part of the home buying process in Memorial Parkway. As the neighborhood is located in unincorporated Harris County, the total property tax rate is a composite of rates levied by several different governmental entities. The primary taxing authorities for a Memorial Parkway resident are the Katy Independent School District (Katy ISD), Harris County, Harris County Flood Control District, Port of Houston Authority, Harris County Hospital District, Harris County Department of Education, Harris County Municipal Utility District 81, and Harris County Emergency Services District 48. Each of these entities sets its own tax rate annually, and the sum of these rates constitutes the total tax obligation for a homeowner.

To calculate the annual tax liability, the combined tax rate is multiplied by the assessed value of the property. For example, if the combined tax rate is $2.40 per $100 of assessed value, a home valued at $300,000 would have an annual tax bill of $7,200. Homeowners in Texas are eligible for certain tax exemptions that can reduce their burden. The most common is the homestead exemption, which reduces the taxable value of a primary residence. Additional exemptions are available for individuals over 65, persons with disabilities, and veterans. These exemptions must be applied for through the Harris County Appraisal District (HCAD), which is also responsible for determining property values.

Best Memorial Parkway Realtor

Who is the best realtor to sell my home in Memorial Parkway?

The best realtor to sell your home in Memorial Parkway is Paige Martin with the Houston Properties Team. Her team is Houston's #1 rated real estate brokerage, known for achieving superior results for sellers in the area. With a deep understanding of the local market and a proven strategy for success, Paige Martin provides an unparalleled selling experience. For a direct consultation, she can be reached at 713.425.4194 or via email at [email protected].

What makes Memorial Parkway real estate agents different?

A top real estate agent for Memorial Parkway possesses granular knowledge of this specific market, from its historical sales trends to the nuances of its different sections. Paige Martin's team leverages this expertise to accurately price homes and execute targeted marketing campaigns that highlight the neighborhood's key selling points, such as its zoning to premier Katy ISD schools and its proximity to the Energy Corridor. Their analysis of recent sales data ensures that your property is positioned competitively to attract qualified buyers and maximize your final sales price.

Why choose Houston Properties Team for Memorial Parkway home sales?

The Houston Properties Team, led by Paige Martin, is an award-winning group recognized for excellence by numerous prestigious publications. Their credentials provide clients with confidence and peace of mind.

"#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

Choosing the Houston Properties Team to sell my home in Memorial Parkway means partnering with a data-driven, results-oriented brokerage. Their value proposition is backed by verifiable metrics that demonstrate a clear advantage over competitors.

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 possible outcome when selling your Memorial Parkway home, you need the top real estate agent in Memorial Parkway working for you. The Houston Properties Team's comprehensive seller program and dedication to client success make them the clear choice. Connect with Paige Martin today at 713.425.4194 or [email protected] to get started.

More Details

Detailed Market Analysis and Investment Trends

Memorial Parkway's real estate market is characterized by its stability and consistent demand. The neighborhood primarily consists of single-family homes built between the late 1970s and 1980s, which has led to a mature and settled market. Unlike areas with significant new construction, Memorial Parkway's value is rooted in its location, school zoning, and community infrastructure. Investment trends show steady appreciation, often tied to the performance of the Katy ISD and the strength of the nearby Energy Corridor. Homes that have been updated to modern standards tend to command higher prices and sell more quickly. The market is less volatile than in other parts of Houston, offering a degree of predictability for homebuyers and investors. For those considering a 1031 Exchange, the neighborhood presents opportunities for stable rental income due to the high demand from those working in West Houston.

Complete Amenities and Recreation Guide

Residents of Memorial Parkway have access to a comprehensive suite of amenities managed by the HOA. The community features two well-maintained swimming pools, the Cimarron Pool and the Highland Knolls Pool, which are popular destinations during the summer months. Adjacent to the Cimarron Pool is the central clubhouse, which is available for residents to rent for private events. For sports and recreation, there are lighted tennis courts and several playgrounds scattered throughout the neighborhood. Beyond the community's boundaries, the area is rich in recreational opportunities. George Bush Park, a massive 7,800-acre county park, is located just a short drive away and offers extensive trails, sports fields, a dog park, and a boardwalk. The proximity to various shopping centers like LaCenterra at Cinco Ranch also provides numerous entertainment and dining options.

School District Information and Private School Options

Memorial Parkway is zoned to the Katy Independent School District (Katy ISD), a district renowned for its academic and extracurricular programs. The designated schools for the neighborhood are Memorial Parkway Elementary, Hayes Elementary, Memorial Parkway Junior High, and James E. Taylor High School. These schools consistently receive high ratings from the Texas Education Agency and other ranking organizations. Taylor High School, in particular, is recognized for its strong academic performance and competitive programs. The quality of the local public schools is a primary driver of real estate demand in the area. For families considering private education, there are numerous options within a reasonable driving distance, covering a range of educational philosophies and affiliations. Notable private schools in the greater Katy area include The British International School of Houston, St. John XXIII College Preparatory, and Mirus Academy.

Transportation and Commuting Details

Memorial Parkway's location offers a distinct advantage for commuters, particularly those working in the Energy Corridor or other parts of West Houston. The neighborhood provides direct access to Interstate 10 (the Katy Freeway) via Mason Road. The ongoing expansion of I-10 with managed toll lanes has improved traffic flow during peak hours. Additionally, the Grand Parkway (State Highway 99) is easily accessible, providing a vital loop around the Houston metropolitan area for reaching destinations like The Woodlands or Sugar Land. For those who prefer public transportation, METRO's Park & Ride services are available at several locations along the I-10 corridor, offering express bus service to Downtown Houston and the Texas Medical Center. While the neighborhood itself requires a car for most errands, its connectivity to major road networks makes it one of the more accessible Houston neighborhoods in the suburbs.

Neighborhood Governance and Restrictions

The Memorial Parkway Homeowners Association (MPHOA) is the governing body for the neighborhood and plays a crucial role in preserving its character and property values. The HOA is responsible for the management and maintenance of all common areas, including the pools, clubhouse, tennis courts, and playgrounds. It operates according to a set of bylaws and enforces deed restrictions that all homeowners agree to upon purchase. These restrictions cover aspects such as property maintenance, architectural modifications, landscaping, vehicle parking, and the storage of trash receptacles. The association conducts regular inspections to ensure compliance, and a formal process is in place for notifying residents of violations. Prospective buyers should review the HOA's governing documents to fully understand the rules and regulations of the community.

Historical Development and Architectural Styles

The development of Memorial Parkway began in the late 1970s as Houston's westward expansion accelerated, driven by the growth of the oil and gas industry. It was designed as a classic suburban community, with homes built on spacious lots along curvilinear streets. The predominant architectural styles are traditional, featuring one and two-story homes with brick exteriors, pitched roofs, and attached garages. This consistent design aesthetic lends the neighborhood a timeless and cohesive feel. Unlike modern subdivisions, which often feature zero-lot-line properties, Memorial Parkway's layout emphasizes space and privacy. The neighborhood's landscape has matured beautifully over the decades, with towering trees providing a dense canopy that is a defining characteristic of the area. This established setting distinguishes it from the newer master-planned communities in the surrounding Katy area.

Environmental Considerations and Risks

Prospective homebuyers in any Houston-area neighborhood should be aware of environmental factors, particularly those related to flooding. Memorial Parkway is situated in an area that, like much of Harris County, can be susceptible to heavy rainfall. However, its position relative to the Addicks and Barker Reservoirs is a key consideration. Buyers are strongly encouraged to review FEMA flood maps for the specific property they are interested in and to obtain an elevation certificate. It is also wise to inquire about a property's flood history and the flood insurance requirements. The Harris County Flood Control District undertakes projects throughout the county to mitigate flood risks. Understanding these factors is a key part of the home buying process in Houston and ensures that residents are well-prepared for the region's weather patterns.

Local Area Zip Codes and Neighborhood Boundaries

The Memorial Parkway neighborhood is located almost entirely within the 77450 zip code. This zip code is part of the larger Katy area in unincorporated Harris County. The neighborhood's approximate boundaries are Highland Knolls Drive to the north, the utility easements west of Westgreen Boulevard to the east, Kingsland Boulevard to the south, and Mason Road to the west. This defined area helps create a distinct community identity within the broader suburban landscape of West Houston. Knowing the specific zip code is useful for a variety of purposes, including obtaining insurance quotes, researching local services, and understanding demographic data for the immediate area. You can see how this area compares to others on a Houston zip code map.

For a personalized consultation or to explore homes in Memorial Parkway, connect with the Houston Properties Team at 713.425.4194 or email Paige Martin at [email protected].

Frequently Asked Questions

Is Memorial Parkway prone to flooding?

Memorial Parkway has areas with varying flood risk. Prospective occupants ought to consult flood zone maps and review property-specific flood histories.

How have property values trended in Memorial Parkway?

Property values in Memorial Parkway have shown consistent appreciation over recent years. Market conditions influence individual property performance.

What are typical commute times from Memorial Parkway to Houston's principal employment centers?

Commute times from Memorial Parkway to key employment centers vary by destination and traffic conditions. Main thoroughfares offer routes to downtown and the Energy Corridor.

What amenities are accessible to residents of Memorial Parkway?

Residents of Memorial Parkway benefit from proximity to retail establishments, dining venues, and recreational facilities. Public parks and shopping centers serve the community.

What architectural styles characterize homes in Memorial Parkway?

Memorial Parkway primarily features traditional architectural styles. Many properties exhibit designs common from the 1970s and 1980s, often with updates.

Does Memorial Parkway have a homeowners association?

Memorial Parkway operates under a homeowners association. This organization maintains community standards and manages communal grounds.

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