How Much Salary Do You Need To Buy A Home In Houston's Top Neighborhoods
Find the best places to live in Houston for your budget.
Forbes, Money Magazine, and the _US Census Bureau, all list Houston as one of the most affordable cities in the country (1).
The cost of living in Houston ranks third lowest among the top 20 most populous US metros. Based on the cost of living data, it's 29.2% cheaper to live here than in the 20 biggest cities in the country (2).
We analyzed median home prices & estimated salary requirements for the 52 best neighborhoods in the Houston area to help you decide where you can best afford to live.
We have great lenders. Contact Paige Martin at [email protected] for great mortgage banking recommendations. Paige Martin is ranked as the #1 Keller Williams Realtor in Houston and #5 Keller Williams Realtor in the United States.
Table of Contents
- Houston Home Salary Requirements Highlights & Data
- Annual Salary & Houston Neighborhoods Matrix
- Under $80,000: Where can I Afford to Live in Houston?
- $80,000 to $150,000: Best Neighborhoods
- $150,000 to $250,000: Cost of Luxury Homes
- Over $250,000: Most Expensive Areas
- Sources, Methodology & Disclosures
- The Best Houston Realtor to Sell Your Home
Houston Home Salary Requirements Highlights & Data
“Paige Martin is Houston's 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 and The Houston Properties Team.” Jeremy & Lynn Greene
Highlights
As reflected in the data below, homebuyers are spending more in monthly payments than they would two years ago on a similar property given increased prices.
Homeowners who benefited from lower mortgage rates are less motivated to move (and sell).
The new mortgage rates have impacted the real estate market. The data below shows the home price range in Houston's top neighborhoods with today's mortgage rate.
As always, real estate is hyper-local. See how your neighborhood and the home affordability are doing.
Data Summary
The neighborhoods we selected came from our lists of:
Our estimates of Houston home salary requirements used a 20% down payment. However, some lenders have special 0% or 5% down loans. Contact me for a list of recommended mortgage providers and who to avoid.
Houston median home prices below include only single-family homes unless otherwise stated. Methods and calculations for the salary needed to live comfortably in Houston are listed at the bottom of this article (1).
Annual Salary & Houston Neighborhoods Matrix
If you’d like to see any specific single-family homes, please contact Paige Martin at [email protected]
Note: We're only displaying the first ten neighborhoods per section here. For the full list, please refer to the tables under each respective salary range below.
Under $80,000: Where can I Afford to Live in Houston?
"The Houston Properties Team was absolutely amazing. I had initially listed with a different realtor that was recommended by a neighbor with very poor results. It was even more difficult because I was no longer in Houston and the trust I had put in the other agent was definitely taken advantage of. However, when I found Kim with the Houston Properties Team, all that changed. I was informed throughout the process and when she promised something would be done, it was. Before the experience with her, I swore off ever even considering purchasing a home again. She restored my faith in the real estate world." – Jeanette (Google Review)
| Area | Median Home Price | Salary Required* | 10 Year % |
|---|---|---|---|
| Bear Creek South | $268,000 | $80,000 | 50% |
| Conroe Northeast | $259,900 | $80,000 | 43% |
| Southbelt / Ellington | $264,500 | $80,000 | 43% |
| Crosby Area | $245,000 | $79,000 | 23% |
| Huffman Area | $235,000 | $79,000 | -18% |
| Northside | $260,000 | $79,000 | 4% |
| 1960/Cypress Creek South | $255,000 | $78,000 | 50% |
| Humble Area South | $257,800 | $78,000 | 39% |
| Spring East | $249,250 | $77,000 | 44% |
| Humble Area East | $249,800 | $76,000 | 42% |
| Willowbrook South | $255,500 | $76,000 | 50% |
| Five Corners | $255,000 | $76,000 | 50% |
| Humble Area West | $249,800 | $76,000 | 42% |
| Alief | $250,000 | $74,000 | 40% |
| La Marque | $247,525 | $74,000 | 26% |
| Medical Center South | $250,000 | $74,000 | 46% |
| Denver Harbor | $242,050 | $73,000 | -17% |
| Sharpstown Area | $247,000 | $73,000 | 26% |
| Pasadena | $239,950 | $72,000 | 33% |
| Bacliff/San Leon | $240,000 | $71,000 | 12% |
| Aldine Area | $230,000 | $70,000 | 50% |
| Northeast Houston | $231,682 | $68,000 | 43% |
| South Houston | $222,500 | $66,000 | 32% |
| Hobby Area | $220,000 | $65,000 | 39% |
| Willis/New Waverly | $215,990 | $61,000 | 15% |
Bear Creek South
| Area | Median Home Price | Salary Required* | 10 Year % |
|---|---|---|---|
| Bear Creek South | $268,000 | $80,000 | 50% |
Bear Creek Village is a well-established suburb located north of the Energy Corridor. It is also nearby various amenities and must-visit attractions.
Bear Creek South is popular thanks to its:
FASCINATING ARCHITECTURE: The neighborhood boasts traditional and English-style homes. There are also a few homes that feature modern and futuristic designs.
PRIME LOCATION: The community is near major thoroughfares and freeways. It is also only a few minutes and miles away from Downtown Houston and the Memorial area.
PARKS AND TRAILS: It is next to Bear Creek Pioneers Park, the place for outdoor activities. Other parks and trails nearby also feature sports fields and picnic areas.
A civic club enforces deed restrictions across the community's 13 sections. Based on neighborhood evaluations, it is among Houston's Top Suburban Neighborhoods.
Conroe Northeast
| Area | Median Home Price | Salary Required* | 10 Year % |
|---|---|---|---|
| Conroe Northeast | $259,900 | $80,000 | 43% |
Conroe Northeast is 45 miles north of Downtown Houston. The neighborhood is along Interstate 45, providing easy access to neighboring areas.
Conroe Northeast is known for its:
VARIETY OF HOMES: Conroe Northeast offers a diverse range of homes, with over a hundred options. These homes come in various sizes, featuring 2 to 6 bedrooms, and showcase different architectural styles.
RECREATIONAL PARKS: The area provides enjoyable spaces for outdoor activities. Parks have amenities such as a playground and a volleyball court.
RETAIL OPTIONS: Residents have a variety of shopping choices within easy reach.
Conroe Northeast is a 25-minute drive to The Woodlands, one of Houston's best suburbs. Many big companies have their offices located in the area.
Southbelt / Ellington
| Area | Median Home Price | Salary Required* | 10 Year % |
|---|---|---|---|
| Southbelt / Ellington | $264,500 | $80,000 | 43% |
Southbelt / Ellington is a historic neighborhood near Downtown Houston. It is also near various business and entertainment centers.
Southbelt / Ellington is popular due to its:
TOP-RANKED SCHOOLS: Southbelt / Ellington is zoned to the Clear Creek Independent School District. It is home to some of the top schools in Houston. This includes North Pointe Elementary, Clear Lake Intermediate, and Westbrook Intermediate.
ACCESSIBILITY: Residents living in this neighborhood can enjoy easy access to some of the major hotspots in Houston. Interstate 45, Beltway 8, and Texas State Highway 3 run along Southbelt.
NEARBY BUSINESS CENTERS: This community is also near major business centers. Some of the top employers near the area are NuGen Automation and Midwest Steel Co., Inc.
Southbelt / Ellington is also home to many parks and trails. Southbelt Hike & Bike Trail and Clear Brook City Park are some of its notable parks.
$80,000 to $150,000: Best Neighborhoods
Many of Houston’s most popular neighborhoods are also, historically, the best performers in real estate appreciation. Contact us for a custom list of homes in these areas.
| Area | Median Home Price | Salary Required* | 10 Year % |
|---|---|---|---|
| Northwest Houston | $272,500 | $81,000 | 55% |
| Stafford Area | $276,250 | $81,000 | 54% |
| Hempstead | $270,000 | $82,000 | 9% |
| Mission Bend Area | $281,000 | $82,000 | 52% |
| Deer Park | $276,000 | $83,000 | 40% |
| 1960/Cypress | $282,000 | $83,000 | 49% |
| La Porte/Shoreacres | $281,500 | $84,000 | 52% |
| Brays Oaks | $289,500 | $85,000 | 27% |
| Katy North | $290,000 | $86,000 | 54% |
| Atascocita South | $290,000 | $88,000 | 36% |
| Atascocita North | $298,840 | $88,000 | 44% |
| 1960/Cypress Creek North | $300,000 | $88,000 | 60% |
| Winrock | $238,900 | $89,000 | 11% |
| Conroe Southeast | $290,000 | $90,000 | 43% |
| Missouri City Area | $303,000 | $90,000 | 47% |
| Dickinson | $310,766 | $93,000 | 51% |
| Waller | $288,000 | $93,000 | 28% |
| Kingwood West | $311,250 | $93,000 | 53% |
| Porter / New Caney East | $289,990 | $93,000 | 13% |
| Sugar Land North | $330,000 | $95,000 | 26% |
| East End Revitalized | $304,000 | $95,000 | 1% |
| Copperfield Area | $319,450 | $95,000 | 50% |
| Porter / New Caney West | $295,990 | $96,000 | 34% |
| Brookshire | $288,000 | $96,000 | -1% |
| Conroe Southwest | $314,995 | $97,000 | 23% |
| Medical Center Area | $296,000 | $97,000 | 24% |
| Lake Conroe Area | $330,500 | $98,000 | 37% |
| Hockley | $300,000 | $99,000 | 45% |
| University Area | $324,000 | $100,000 | 29% |
| Santa Fe | $340,000 | $100,000 | 50% |
| Spring/Klein | $340,000 | $102,000 | 52% |
| Oak Forest West | $356,000 | $103,000 | 36% |
| Eldridge North | $352,450 | $104,000 | 66% |
| Clear Lake Area | $351,000 | $104,000 | 40% |
| Spring/Klein/Tomball | $350,000 | $105,000 | 55% |
| Kingwood South | $357,500 | $105,000 | 46% |
| Magnolia/1488 West | $334,990 | $106,000 | 26% |
| Champions Area | $360,000 | $106,000 | 59% |
| Jersey Village | $360,000 | $107,000 | 60% |
| Fort Bend South / Richmond | $345,210 | $108,000 | 60% |
| Midtown Houston | $344,000 | $109,000 | 7% |
| Magnolia/1488 East | $353,745 | $110,000 | 8% |
| Willow Meadows Area | $385,000 | $111,000 | 31% |
| Tomball | $365,000 | $112,000 | 40% |
| Cypress North | $380,000 | $113,000 | 55% |
| League City | $385,000 | $113,000 | 45% |
| Galleria | $319,500 | $114,000 | 10% |
| Pearland | $380,000 | $114,000 | 46% |
| Summerwood / Lakeshore | $375,000 | $116,000 | 31% |
| Katy Old Towne | $355,000 | $118,000 | 22% |
| Friendswood | $415,000 | $119,000 | 55% |
| Tomball South/Lakewood | $391,750 | $120,000 | 47% |
| Kingwood NW/Oakhurst | $400,000 | $121,000 | 39% |
| Fort Bend County North / Richmond | $395,000 | $121,000 | 51% |
| Spring Northeast | $415,000 | $126,000 | 62% |
| Kingwood East | $425,500 | $127,000 | 44% |
| Katy Southeast | $443,000 | $130,000 | 61% |
| Sugar Land East | $458,500 | $130,000 | 44% |
| Shepherd Park Plaza Area | $450,000 | $133,000 | 2% |
| Rosharon | $485,000 | $134,000 | N/A |
| Energy Corridor | $460,953 | $135,000 | 29% |
| Tomball Southwest | $414,297 | $135,000 | 10% |
| Riverside | $461,000 | $138,000 | 49% |
| Fulshear/South Brookshire | $440,265 | $140,000 | 14% |
| Spring Branch | $470,000 | $141,000 | 39% |
| Briarmeadow/Tanglewilde | $488,000 | $142,000 | 65% |
| Downtown Houston | $309,500 | $144,000 | 23% |
| Cypress South | $439,900 | $144,000 | 52% |
| Katy Southwest | $489,000 | $148,000 | 45% |
| Sienna Area | $465,000 | $148,000 | 40% |
| Washington East/Sabine | $490,000 | $149,000 | 15% |
| Sugar Land West | $492,245 | $149,000 | 52% |
| Cottage Grove | $500,500 | $150,000 | 25% |
Northwest Houston
| Area | Median Home Price | Salary Required* | 10 Year % |
|---|---|---|---|
| Northwest Houston | $272,500 | $81,000 | 55% |
Northwest Houston lies north of the Energy Corridor. The neighborhood features some of the Best Suburbs in Houston, vintage & recent properties, and housing options.
Northwest Houston remained popular thanks to its:
TOP PERFORMING SCHOOLS: Zoned to several school districts namely Aldine, Houston, Klein, and Cypress Fairbanks Independent School District. The community houses some of Houston’s Best Public Schools including Joe E Moreno Elementary and Burbank Middle.
AFFORDABILITY: Northwest Houston has some of the Best Suburbs in Houston based on community ratings for affordability, amenities, commute time, public schools, and livability. Woodwind Lakes, a Top-Rated Houston Gated Community, is also located in the area.
WIDE RANGE OF HOME OPTIONS: Northwest Houston features established subdivisions and master-planned communities, with vintage homes and new construction abodes. Traditional-style single-family homes and large estates can be found in the area.
STRONG REAL ESTATE MARKET: The Northwest Houston neighborhood area is one of the Best in Land Appreciation with strong results in 5 and 10-year valuations.
Northwest Houston homes range in size from 7,000 to more than 80,000 square feet and are spread out on large wooded lots along tree-lined streets.
Stafford Area
| Area | Median Home Price | Salary Required* | 10 Year % |
|---|---|---|---|
| Stafford Area | $276,250 | $81,000 | 54% |
Stafford is a 7-square-mile city about 18 miles southwest of Downtown Houston. It is bound by Houston (north), Sugar Land (west), and Missouri City (southeast). The city is popular for its business-friendliness and close-knit communities and features convenient travel, nearby employment centers, and outdoor spaces.
The neighborhood is famous for its:
ACCESSIBILITY: The primary Street in the city is the US Highway 90 Alternate. Main roads and thoroughfares (Beltway 8, I-69, Highway 6) are just minutes away from Stafford homes. Connecting Rosenberg and Richmond and to downtown Houston.
BUSINESS AND EMPLOYMENT NEARBY: The city has 15 business parks and is home to companies from various industries. Big companies like Cooper Valves, Fiserv Inc., and Flextronics International are situated in the city.
GREEN SPACES: The city has over 35 acres of green space. Popular destinations include Gordon Fountain Lake Park, Vaccaro Manor Park, and Stafford Centre.
RETAIL AND DINING OPTIONS: Stafford homes are just minutes away from restaurants, cafes, bars, and shopping centers. The Fountains Shopping Center, located along I-69, features several restaurants and stores.
Notably, Stafford is the “Island of Business Opportunity.”
Hempstead
| Area | Median Home Price | Salary Required* | 10 Year % |
|---|---|---|---|
| Hempstead | $270,000 | $82,000 | 9% |
Located at the junction of roads Highway 290, and Texas State Highways 6 and 159, Hempstead is just 50 miles west of Downtown Texas.
Hempstead is well-known for its:
ACCESSIBILITY: Hempstead neighborhood is situated near academic schools and universities. It is a 5-minute good commute to schools like Blinn College, Texas A&M University, and Prairie View A&M University.
RETAIL: Nearby grocery stores include Dollar Tree, Walmart, and Brookshire Brothers. Some fresh fruits and vegetable markets where you can shop for produce and juicy watermelons are El Puas, Gurrola Produce, and Dilorio Farms.
DINING OPTIONS: Residents of Hempstead enjoy a variety of restaurant options in the neighborhood. Dining restaurants with 4 to 5-star ratings are Hempstead Steak & Seafood, Breakfast Paradise, and Hill Country BBQ.
GREEN SPACE: Hempstead is rich in vegetation and there is a lot of green space perfect for farming or gardening and even raising farm animals like chickens. Sceneries are green hills and beautiful oak trees which makes the neighborhood a haven for relaxation.
The residents enjoy hanging out at Hempstead City Park nearby which is pet-friendly. The park amenities include a playground and pavilions for children and adult outdoor activities.
$150,000 to $250,000: Cost of Luxury Homes
Buying or selling a home within the best neighborhoods in Houston can be very tricky. With over $1B real estate sales, the Houston Properties Team is the #1 Boutique Real Estate Team in Houston. Contact us for a custom Houston cost of living calculator, and we can review your options.
| Area | Median Home Price | Salary Required* | 10 Year % |
|---|---|---|---|
| Oak Forest East | $517,000 | $151,000 | 44% |
| Knollwood/Woodside | $540,000 | $159,000 | 15% |
| Meyerland Area | $549,000 | $159,000 | 32% |
| Rice Military/Washington Corridor | $540,000 | $160,000 | 21% |
| Fort Bend Southeast | $592,500 | $166,000 | 70% |
| Sugar Land South | $606,652 | $174,000 | 38% |
| Charnwood/Briarbend | $618,250 | $180,000 | 38% |
| Briargrove Park/Walnutbend | $670,000 | $195,000 | 52% |
| The Woodlands | $665,000 | $195,000 | 85% |
| Tiki Island | $680,000 | $198,000 | 41% |
| Timbergrove/Lazybrook | $679,500 | $202,000 | 56% |
| Greenway Plaza | $602,900 | $204,000 | 18% |
| Heights/Greater Heights | $767,500 | $224,000 | 61% |
| Westchase Area | $779,999 | $240,000 | 22% |
| Montrose | $822,500 | $243,000 | 28% |
| Briar Hollow | $750,750 | $245,000 | 36% |
| Memorial West | $840,000 | $246,000 | 69% |
Oak Forest East
| Area | Median Home Price | Salary Required* | 10 Year % |
|---|---|---|---|
| Oak Forest East | $517,000 | $151,000 | 44% |
Located about 10 miles from downtown Houston, Oak Forest East is one of Houston’s best neighborhoods in land value appreciation.
Oak Forest East is known for its:
IDEAL LOCATION & ACCESSIBILITY: Oak Forest East is located just minutes from downtown Houston and the Galleria. Major roads and freeways are highly accessible from the neighborhood, including Loop 610, US 290, Ella Blvd, and TC Jester Blvd.
NOTABLE SCHOOLS: Oak Forest Elementary is one of the best schools in the city and in the State of Texas.
LARGE LOTS: Oak Forest East is known for its spacious lots ranging from 6,000 to over 17,000 sq. ft.
One of Houston’s older neighborhoods, Oak Forest features a mix of older ranch-style homes from the 1950s and 1960s and newer custom-built homes. The neighborhood also has an HOA that enforces deed restrictions.
Knollwood/Woodside
| Area | Median Home Price | Salary Required* | 10 Year % |
|---|---|---|---|
| Knollwood/Woodside | $540,000 | $159,000 | 15% |
Knollwood / Woodside is a residential area split into 11 deed-restricted sections. The neighborhood is of its tree-lined streets and homes with manicured lawns.
Knollwood / Woodside is popular due to its:
ACCESSIBILITY: It is near main roads like Buffalo Speedway, and Braeswood Boulevard. Major job spots like Texas Medical Center and The Galleria are only a short distance from the area.
ACTIVE CIVIC CLUB: The Knollwood Village Civic Club actively enforces deed restrictions. It manages the neighborhood’s security as well.
NEARNESS TO AMENITIES: Moreover, Knollwood / Woodside is close to several retail and dining spots. It is only a few minutes away from Vanderbilt Square and Meyerland.
Homes in Knollwood / Woodside have traditional and ranch-style designs. They also come in big lot sizes, ranging from 6,000 to 10,000 square feet.
Meyerland Area
| Area | Median Home Price | Salary Required* | 10 Year % |
|---|---|---|---|
| Meyerland Area | $549,000 | $159,000 | 32% |
Nestled just outside Loop 610, Meyerland offers easy access to urban conveniences. Work, entertainment, dining, and shopping are at hand in this neighborhood.
Meyerland gained its popularity, thanks to its:
BEST COMMUTE: Meyerland's central location is in proximity to Houston's hubs. Galleria, Downtown, and Museum District are minutes away from the neighborhood.
EXCELLENT SCHOOLS: The area is near some of the best schools in Houston, including Horn Elementary School, Condit Elementary School, and Lanier Middle School.
GREAT REAL ESTATE APPRECIATION: Meyerland real estate is one of the top-performing neighborhoods. It consistently ranks in the Best Houston Neighborhoods in Real Estate Appreciation.
Meyerland is a deed-restricted neighborhood. It is primarily a residential community with single-family homes.
Over $250,000: Most Expensive Areas
Whether you buy or sell first depends on the current market and your unique situation. Both options come with an element of risk. Our experience taught us to make the proper assessment out of the overall scenario every homeowner is in. Contact us to help you make the most viable decision.
| Area | Median Home Price | Salary Required* | 10 Year % |
|---|---|---|---|
| River Oaks Shopping Area | $1,084,950 | $310,000 | 57% |
| Garden Oaks | $1,096,000 | $314,000 | 146% |
| Highland Village / Midlane | $1,115,000 | $321,000 | 19% |
| Upper Kirby | $1,136,430 | $356,000 | 47% |
| Bellaire Area | $1,345,000 | $392,000 | 29% |
| Briargrove | $1,400,000 | $407,000 | 76% |
| Rice / Museum District | $1,497,000 | $430,000 | 82% |
| Braeswood Place | $1,567,400 | $451,000 | 53% |
| Memorial Park | $1,547,000 | $459,000 | 1% |
| Royden Oaks/Afton Oaks | $1,718,750 | $496,000 | 96% |
| Memorial Close In | $1,750,000 | $520,000 | 49% |
| Tanglewood Area | $1,900,000 | $554,000 | 29% |
| West University/Southside Area | $2,155,000 | $606,000 | 69% |
| Memorial Villages | $2,810,000 | $794,000 | 78% |
| River Oaks Area | $3,255,000 | $938,000 | 68% |
| Rivercrest | $4,337,500 | $1,251,000 | 12% |
River Oaks Shopping Area
| Area | Median Home Price | Salary Required* | 10 Year % |
|---|---|---|---|
| River Oaks Shopping Area | $1,084,950 | $310,000 | 57% |
River Oaks Shopping Area is nestled between River Oaks and Montrose. Rice Military borders the north side, while Upper Kirby is on the southwest of the neighborhood.
The district is highly in demand thanks to its:
EXCELLENT LOCATION: River Oaks Shopping Area boasts an excellent location within the Inner Loop and provides easy access to Downtown, Galleria, and the Medical Center. Along with the Highland Village, boutiques and restaurants in Westheimer and San Felipe are minutes away.
SHOPPING, DINING, AND ENTERTAINMENT: The area is home to the River Oaks Shopping Center which has 100+ retail shops, restaurants, and entertainment venues. The River Oaks Theater, Houston's premier art house cinema, is within the shopping center.
TOP-RANKED SCHOOLS: The neighborhood is zoned to top-ranked schools such as Lanier Middle and Lamar High School. Both are IB World Schools.
PARKS & RECREATION: The neighborhood is a few minutes away from River Oaks Park. Memorial Park, one of Houston's largest urban parks, is just a short drive away. The park features a golf course, tennis courts, trails, and picnic areas.
River Oaks Shopping Area is near major thoroughfares, including Katy Freeway (I-10), Loop 610, and Southwest Freeway (US 59).
Garden Oaks
| Area | Median Home Price | Salary Required* | 10 Year % |
|---|---|---|---|
| Garden Oaks | $1,096,000 | $314,000 | 146% |
With about 1,400 homesites, Garden Oaks showcases a variety of traditional and new construction homes. Located just off Loop 610, this largely residential neighborhood has some of the Best Land Value Appreciation Rates in Houston.
Garden Oaks features:
LARGE LOTS: By Houston standards, homes in Garden Oaks sit on mid-to-large-sized lots. Lot areas range from 6,000 to 17,000 square feet, allowing for vast green space.
GREAT ACCESSIBILITY: Garden Oaks has tree-lined streets near the city’s main entertainment and commercial districts. Commuting to Downtown, EaDo, Heights, and Rice Military takes about 15 minutes.
BEAUTIFUL VINTAGE HOMES: There are a number of home options in Garden Oaks. These include bungalows, plantation-style homes, quaint patio homes, ranch-style homes, and townhomes.
ACTIVE CIVIC CLUB: Garden Oaks Civic Club enforces deed restrictions and organizes events in the community. Their projects include neighborhood beautification and a constable program.
The Garden Oaks community continues to grow as developers buy up land in the area.
Highland Village / Midlane
| Area | Median Home Price | Salary Required* | 10 Year % |
|---|---|---|---|
| Highland Village / Midlane | $1,115,000 | $321,000 | 19% |
Highland Village / Midlane, a coveted small neighborhood, is located near the Galleria/Uptown area and River Oaks. It is a deed-restricted community just 6 miles west of downtown Houston.
Highland Village is popular for its:
PRIME LOCATION: Highland Village/Midlane is located in a prime location with easy access to two of Houston's key business and employment hubs. The neighborhood is minutes away from the Galleria area and Greenway Plaza. Residents also have easy access to downtown Houston and the Texas Medical Center.
TOP SCHOOLS: Homes in the area are zoned to some of Houston's top schools, including Lanier Middle School.
THRIVING MARKET: Highland Village / Midlane has one of the best land value appreciation in Houston, posting impressive appreciation rates over the past decade. The median sale price peaked at over $1,000,000.
Highland Village / Midlane has an active civic club, the Highland Village Civic Club which enforces the community's deed restrictions, maintains common areas, and provides extra security.
Sources, Methodology & Disclosures
With all the available information out there about Houston's top areas, it can be confusing when finally making a decision on which neighborhood to choose. Get the advice of the best Houston Realtors and remove the guesswork when looking for one of the best homes in Houston to live in.
Houston.org
*Default median housing price values are from single-family homes. Neighborhoods with * are exceptions. Condos, townhomes, and single family homes are considered. This is due to the above-average number of condos/townhomes in these market areas.
We used the following assumptions for calculating monthly PITI (principal, interest, taxes, and insurance) using data from https://www.mortgagecalculator.org/:
- 20% down payment
- 6.69% interest rate with a 30-year mortgage with no PMI
- The neighborhood tax rate, per HAR MLS data, per area
- A 20% average Texas Homestead discount (per HCAD.org, fbcad.org & mcad-tx.org)
The neighborhood median HOA fee if applicable. This mostly applies to * communities where condos or townhomes are included like Downtown Houston.
- 0.5% annual insurance costs
Annual home prices are based on HAR MLS reported sales for the prior year between January 1 and May 31. Starting on June 1, the current year HAR MLS sales data is used.
For annual appreciation or depreciation salary requirement rates, we did not make any modifications based on the most recent tax reform act. We assumed taxes rates were constant in our calculations between monthly PITI costs and salary requirements.
For “can comfortably afford” salary assumptions, we used that 28% of gross income could be used toward monthly PITI costs. Financial planners often say that 25-33% of income can be used toward monthly PITI payments. For qualification purposes, underwriters typically defer to their “back end” ratio which includes liabilities on credit reports. These include all revolving, installment, and mortgage liabilities. For this ratio, 36% is normally used in planning and around 43% is the maximum allowed.
- Reporters or news outlets, please contact [email protected] for an Excel export of every neighborhood’s associated data and calculations.
Data is deemed accurate but is not guaranteed. Information is provided for informational purposes only.
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Paige also serves a variety of non-profits, civic and community boards and was appointed by Houston’s Mayor to be on the downtown TIRZ board.
Benefits Of Working With The Houston Properties Team
Our Team, composed of distinguished and competent Houston luxury Realtors, has a well-defined structure based on the individual strengths of each member.
We find team approach as the most effective way to sell homes. We have dedicated people doing staging, marketing, social media, open houses and showings. Each Houston Properties Team member is a specialist in their role – which is why our homes sell faster and for more money than average.
The benefits of working with a team include:
- ability to be in two or three places at one time: a member can handle showings, while another answer calls
- collective time and experience of members
- targeted advise and marketing of agent expert in your area
- competitive advantage by simply having more resources, ideas, and more perspectives
- a “Checks and Balances” system. Selling and buying a home in Houston is an intensely complex process
- more people addressing field calls and questions from buyers and agents to facilitate a faster successful sale
- efficient multi-tasking: One agent takes care of inspections and/or repair work, while another agent is focused on administrative details
- multiple marketing channels using members’ networks
- constant attention: guaranteed focus on your home and your transaction
- lower risk for mistakes. Multiple moving parts increase oversights. A team approach handles these “parts” separately
- flexibility in negotiation and marketing
- better management of document flow
- increased foot traffic through more timely and effective showing schedule coordination; and
- increased Sphere of Influence and exposure to more potential buyers.
To meet all the award-winning members of The Houston Properties Team, please go here.
