0
0
0

How much do you need to make to live in neighborhoods around Houston?

by Rincey Abraham

houston-single-family-condo-multifamily-real-estate-november

Even though Houston is known as an affordable real estate market in the country, some of the neighborhoods throughout the city have some high-end price tags.

Houston Properties analyzed the median home prices in 52 Houston neighborhoods and estimated the salary necessary to own a single-family home in those neighborhoods based on a 20 percent down payment.

Only five neighborhoods in central Houston are affordable for owners who earn $80,000 or less annually. This included Downtown, which currently has a median home price of $255,000, East Downtown with a median home price of $301,000, the Galleria at $293,500, the Medical Center at $237,900 and Riverside at $245,000.

The most exclusive and expensive neighborhood in the city is River Oaks, which has a median home price of $2.05 million, which requires a $542,000 salary. The 1,100-acre neighborhood is filled with mansions and estates, as well as the River Oaks Country Club. 

Out of the city’s 52 neighborhoods, the average appreciation rate was 3.7 percent over the past year. The neighborhoods with the highest median price increases were Memorial Park (26 percent), Highland Village/Mid Lane (19 percent), Memorial West (13 percent), Bellaire (11 percent) and West University (10 percent).

Five of the neighborhoods saw a significant price decreases: Garden Oaks (9 percent decrease), Sienna Area (6 percent), Champions Area (5 percent), University/Riverside (4 percent) and Northwest Houston (3 percent).

Salary Range Central Houston Neighborhoods Suburban Neighborhoods
Under $80,000 Downtown

EaDo

Galleria

Medical Center

Riverside

Copperfield

Champions

Clear Lake

Cypress

Eldridge North

Friendswood

Jersey Village

Katy

Kingwood

League City

Missouri City

Northwest Houston

Pearland

Spring

$80,000 to $150,000 Briargrove Park

Cottage Grove

Garden Oaks

Heights

Knollwood

Memorial Close In

Memorial West

Meyerland

Midtown

Oak Forest

Rice Military

Spring Branch

Timbergrove

Energy Corridor

Fall Creek

Sienna Plantation

The Woodlands

Sugarland

$150,000 to $250,000 Braeswood Place

Briargrove

Highland Village

Montrose

Museum District

River Oaks

Shopping Area

Royden Oaks

Royal Oaks
Over $250,000 Ballaire

Memorial Park

Memorial Villages

River Oaks

Tanglewood

West University

Carlton Woods

 

Read More Related to This Post

Join the conversation

Oops! We could not locate your form.