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The high school football stadium effect in Houston real estate

by James McClister

high-school-football-stadiums-houston-turner-rhodes-berry-woodforest-galena-park-home-values

Texas is a football state. And as Houston is its biggest metro, it’s no surprise the city is home to an abnormally large number of high-end high school football stadiums – some of which cost as much as $80 million. Each stadium is steeped with the grandeur and fanfare of the sport. But as the districts’ residents are the ones fronting the bill, it occurred to us to ask the simple question: what, if anything, are these stadiums doing for home values?

In August of last year, high school sports website Vype counted down Houston’s top 20 football stadiums. We looked at the top 5.

Stadium School District Seating Median sale price by ZIP Median home value within approx. 1 mile (Zillow)
Barry Center Cy-Fair ISD 11,000 $270,183 $251,250
Turner Stadium Humble ISD 10,200 $137,700 $184,900
Jack Rhodes Stadium Katy ISD 9,768 $225,000 $300,000
Woodforest Bank Stadium Conroe ISD 10,000 $208,000 $549,900
Galena Park ISD Stadium Galena Park ISD 10,300 $153,900.00 $167,499

As the above table illustrates, median home values within an approximate 1-mile radius of the stadium tend to be slightly higher than the median sales price of the total ZIP – and in the case of Barry Center, Rhodes Stadium and Woodforest Bank Stadium, exceed the city-wide median of $215,000.

The average median value for stadium-adjacent homes came to $290,000.

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