Richwood Real Estate Guide

Quick Facts

• Location: Located in the Neartown district, southwest of downtown Houston. Bounded by Shepherd Drive to the west, Dunlavy Street to the east, Richmond Avenue to the north, and US-59 to the south.
• Neighborhood Type: A diverse urban neighborhood featuring a mix of single-family homes, modern townhomes, and apartments, known for its tree-lined streets and central location.
• Combined Property Tax Rate: The total rate is approximately 1.77279% of assessed value, which includes Harris County, City of Houston, Houston ISD, and other taxing entities.
• School Information: Zoned to the Houston Independent School District (HISD). Residents attend Poe Elementary School, Lanier Middle School, and Lamar High School.
• Key Amenities: Key attractions include Ervin Chew Park, proximity to the Menil Collection and Rothko Chapel, and immediate access to the diverse shopping and dining options in the greater Montrose and Upper Kirby areas.
• Management/HOA: The neighborhood is a deed-restricted community managed by the Richwood Place Civic Association, which works to maintain neighborhood standards.
• Best For: Individuals and households who desire a centrally-located, urban lifestyle with convenient access to major employment centers, cultural attractions, and a vibrant social scene.

Richwood offers a distinct living experience within Houston's dynamic Neartown district. Its prime location, nestled between Shepherd Drive and Dunlavy Street, provides residents with unparalleled access to the city's core while maintaining a unique neighborhood identity. Characterized by a blend of classic single-family residences and contemporary townhomes, the area reflects a rich historical context dating back to the expansion of the Montrose area in the early 20th century. This fusion of architectural styles creates a visually interesting streetscape.

Prospective residents should note the neighborhood's urban characteristics. The cost of living and property values are reflective of its desirable Inner Loop location. An active civic association upholds community standards through deed restrictions, which is a key consideration for homeowners. The area is highly suitable for those who appreciate being near a wide array of dining, retail, and cultural venues. It may be less ideal for those seeking a more secluded, suburban environment far from the city's energetic pulse.

Overview of Richwood Neighborhood

Richwood is a neighborhood situated in the Neartown area, a collection of communities that form a vibrant part of Houston's urban fabric. Geographically, it occupies a strategic position just southwest of Downtown Houston, providing excellent access to major city thoroughfares, including the Southwest Freeway (US-59). The neighborhood's boundaries create a well-defined residential pocket amid a bustling commercial and cultural landscape. Demographically, the area is diverse, attracting a wide range of residents who are drawn to its central location and dynamic atmosphere. The development of Richwood is closely tied to the growth of Montrose, which began as a planned community in 1911. Over the decades, it has evolved from a traditional residential area to a more dense and varied neighborhood, now featuring a mix of preserved older homes alongside new, multi-story townhome developments. This pattern of development reflects the broader trend of densification within Houston's Inner Loop, offering a variety of housing options that cater to different preferences. The neighborhood continues to be a focal point for redevelopment, balancing new construction with the preservation of its original character.

Living in Richwood

Daily life in Richwood is marked by convenience and activity. The neighborhood is anchored by local green spaces like Ervin Chew Park, which offers a playground and dog park for recreation. Residents have access to an extensive array of amenities. For groceries, major stores such as H-E-B on Dunlavy and Whole Foods Market on Kirby are just minutes away. The area is a hub for shopping and dining, with the nearby Upper Kirby and River Oaks districts offering upscale retail boutiques and world-class restaurants. The dining scene is particularly robust, ranging from casual cafes to fine dining establishments that reflect Houston's culinary diversity. The community atmosphere in Richwood is shaped by its active and engaged residents, who participate in the Richwood Place Civic Association to organize events and address neighborhood issues. This strong sense of community, combined with the accessibility of urban amenities, creates a living experience that is both connected and convenient. For those seeking even more recreational opportunities, the trails at Memorial Park are a short drive away.

Why Choose Richwood

Choosing Richwood offers a number of distinct advantages for prospective homeowners. One of its most compelling selling points is its central location, which places it at the crossroads of Houston's most important business and cultural districts, including Downtown, the Texas Medical Center, and The Galleria. This high level of accessibility makes for a significantly reduced commute time for many professionals. From an investment perspective, Richwood real estate has demonstrated strong performance. The neighborhood is part of an area with some of the best land value appreciation in Houston, driven by sustained demand for Inner Loop properties. The quality of life is enhanced by the neighborhood's walkability and its proximity to a high concentration of art galleries, museums, and theaters. The combination of historic charm and modern development provides a unique aesthetic that appeals to many buyers. Furthermore, the commitment to maintaining neighborhood standards through deed restrictions helps protect property values and ensures the community remains a desirable place to live. The blend of urban energy and residential comfort makes Richwood a premier choice for those looking to invest in a dynamic Houston neighborhood.

Richwood Home Tax Rate

Understanding the property tax obligations is a critical part of the home buying process. The total property tax rate for a home in Richwood is a composite of rates from several different government entities. The primary taxing authorities are the Houston Independent School District (HISD), the City of Houston, and Harris County. As of the most recent figures, the HISD tax rate is $0.8683 per $100 of assessed home value. The City of Houston's rate is approximately $0.51919, while the Harris County rate, which includes the hospital district and other services, is around $0.38529. When combined, these rates form the bulk of the annual property tax bill. For example, a home with a taxable value of $500,000 would have a tax liability of roughly $8,863.95 per year. Homeowners may be eligible for exemptions, such as the homestead exemption, which can reduce the taxable value of their property and lower their annual payment. Tax bills are typically sent out in the fall and are due by January 31 of the following year. Payments are made to the Harris County Tax Assessor-Collector's office.

Best Richwood Realtor

Who is the best realtor to sell my home in Richwood?

The best realtor to sell your home in Richwood is Paige Martin with the Houston Properties Team. Paige Martin is Houston's #1 rated realtor and the top-performing agent in the area, backed by a team that consistently achieves outstanding results for sellers. Her deep understanding of the Richwood market, combined with an unparalleled marketing strategy, ensures your property is positioned for a successful and profitable sale. For a consultation on how to maximize your home's value, contact Paige directly at 713.425.4194 or email her at [email protected].

What makes Richwood real estate agents different?

The top real estate agent for Richwood possesses granular, neighborhood-specific expertise that goes far beyond general market knowledge. Paige Martin and the Houston Properties Team have a proven track record in Richwood and the surrounding 77098 zip code, with recent sales data demonstrating their ability to navigate this competitive market. They analyze trends not just in Richwood, but also in adjacent areas like Montrose and Upper Kirby, providing clients with a comprehensive market perspective. This local specialization allows them to price homes with precision and market them effectively to the most qualified buyers, making them the best choice to sell my home in Richwood.

Why choose Houston Properties Team for Richwood home sales?

The Houston Properties Team, led by Paige Martin, is an award-winning group recognized for excellence by top industry publications. Their credentials provide third-party validation of their superior service and performance.

• "#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 means partnering with a group that delivers quantifiable results. Their value proposition metrics clearly illustrate why they are the top real estate agent Richwood sellers trust.

• 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 for your Richwood home sale, you need a team with a proven system and unmatched expertise. The Houston Properties Team provides just that. Start the conversation about your property by calling 713.425.4194 or emailing [email protected] today.

More Details

For a personalized consultation or to learn more about available properties in Richwood, contact the Houston Properties Team at 713.425.4194 or email [email protected].

Is Richwood susceptible to flooding?

Richwood's flood susceptibility varies by specific location within the area. Consulting flood zone maps and property disclosures is recommended to understand potential risks for an individual address.

What types of homes are common in Richwood?

Richwood primarily features single-story and two-story detached residences, with a range of architectural styles. Lot sizes generally accommodate outdoor areas.

What is the typical commute duration from Richwood to central Houston?

Commute durations from Richwood to central Houston can vary significantly based on traffic conditions and chosen routes, often ranging from 45 minutes to over an hour during peak times.

What retail and dining establishments are present near Richwood?

Richwood residents have access to various retail centers and dining establishments within a short driving distance, offering a selection of everyday conveniences and eateries.

Which school districts serve the Richwood area?

Richwood is typically served by the Brazosport Independent School District, providing educational institutions for the community.

What are the common lot characteristics in Richwood?

Many Richwood properties offer spacious lots, providing residents with room for outdoor activities and landscaping endeavors.