Holding its own as the 7th wealthiest location in Texas by per capita income, Hill Country Village is nestled quietly and serenely just inside Loop 1604. The city's spacious luxury properties range from 15,000 sqft. To help answer the question where can I afford to live in Houston?, we analyzed median home prices for 52 top neighborhoods and estimated salary requirements to live in each. Alamo height ranks the seventh on our list. Lakewood is a neighborhood that sits alongside White Rock Lake, so there are water views from many of the homes in this area. Texas counties ranked by per capita income[ edit] Note: Data is from the 2010 United States Census Data and the 2006-2010 American Community Survey 5-Year Estimates. EXCLUSIVITY: This gated community is one of the Most Expensive Neighborhoods in Houston. If youre looking for a Texas city with the finest cuisine, top-ranked public schools, and high incomes, then look no further than Fair Oaks Ranch. Top 10 Richest Black Communities in Texas | #BlackExcellist Black Excellence Excellist 361K subscribers Join Subscribe 18K 673K views 2 years ago Black Excellist: Top 10 Richest Black. If youd like to see any neighborhoods, master-planned communities or subdivisions added to this bi-annually updated watch list, please let us know. West University Place is a city within a city, subdivided into 26 sections called blocks. 56. Paige Martin, Broker Associate, Keller Williams Memorial1220 Augusta Dr, 300, Houston, TX 77057, Texas Real Estate Commission Consumer Protection Notice, Texas Real Estate Commission Information About Brokerage Services, PMartin@HoustonProperties.com 2002 2023, Guide To Houston's Most Expensive Neighborhoods. La Colonia Escondida. The presence of lush lawns also enhances the property's grandeur and affluence. Bellaire's neighborhood can be tricky to navigate given the area's different school zoning maps, proximity to railroad tracks, being on a major thoroughfare, and diversity of builders. Alamo Heights ranked seventh, Fair Oaks Ranch ranked eighth, Celina ranked ninth, and Melissa took tenth place on our list of richest cities in Texas. The city, located north of San Antonio, has a median household income of $181,979 and the per capita income of $78,597 per year (2015-2019). (See Houston's Best Inner Loop Neighborhoods). LUSH LANDSCAPES: The neighborhood offers the opportunity for athletic and leisure activities. The private police force is said to have one of the best crime safety records in all of Houston.. increased sphere of influence and exposure to more potential buyers. Most of the properties in Russwood Acres were built during the 1960s, so 60s architecture is prominent throughout the neighborhood. RETAIL AND ENTERTAINMENT: The neighborhood provides easy access to around 200 restaurants, cafs, and bars. This highly educated residence base, along with a myriad of local employers, keeps the local workforce saturated and poverty levels low, making Trophy Club an ideal place to raise a family. Located in Bexar County and part of the San Antonio metropolitan area, Fair Oaks Ranch is the wealthiest city in Texas. NEAR SHOPPING AND DINING AREAS: The Hedwig Village community, unlike other communities, allows businesses within its neighborhood. Hunters Creek is one of the most affluent and expensive neighborhoods in the state of Texas. However, the property prices range from just under $900,000 to a staggering $19.5 million. The median property price in University Park is $1.7 million, although the most expensive houses in this neighborhood can cost as much as $16.5 million. Our team, composed of distinguished and competent Houston luxury realtors, has a well-defined structure based on the individual strengths of each member. Homes and real estate in the area remain popular because of its: EXCLUSIVITY: Homes in the Memorial Villages have a median price of around 2 million dollars. Also, other parks through The Buffalo Bayou and Beyond initiative. - 2016: Top 25 Residential Realtors in Houston, HBJ In addition to being highly educated (almost half have earned at least a bachelors degree), Celina residents have an average commute time of only 12 minutes and enjoy excellent health with low obesity rates and high life expectancy rates. Bellaire, a city of $206,734 median household income ranked fourth. Prosper is located within Dallas-Fort Worth metropolitan area. The Woodlands is a successful, master-planned community that was first developed in the 1960s. Practical matters are often at the forefront of peoples minds when they are searching for somewhere to live. s list of wealthiest Texas cities back in 2021. Large city complex - Southeast Texas, 50 miles inland from the Gulf Coast. It is located only a few minutes from the city center and is best known for its charming collection of tree-lined streets, cottage-style architecture, and easy access to downtown. 11 Richest Cities in Texas Highland Park Hunters Creek Village West University Place University Park Alamo Heights Southlake Terrell Hills Fair Oaks Ranch Trophy Club The Woodlands Flower Mount 1. The Federal Reserve just announced the largest interest rate hike in 28 years to address inflation. It is home to severalmedical-related institutions, organizations, schools, and hospitals. It exhibits strong appreciation rates every year. Residents shop at The Woodlands Mall, Market Street, Portofino Shopping Center, H-E-B, and The Woodlands Town Center. The cities of Houston and West University place surrounded Bellaire City in Texas. EXEMPLARY SCHOOLS: The village is zoned to some of the best public schools in Houston. Though the local poverty rate in this town is slightly higher than other areas on this list, the areas per capita income ($106k) and average home price (2.0M) are still some of the highest in the entire state. Yorktown. Piney Point Village has a population of 3,425 residents. According to One Girl Two Cities, the richest neighborhood in Dallas is Highland Park. Explore 9 neighborhoods where African American businesses districts flourished and served as examples of Black economic self-empowerment. A project of The Houston Properties Team, the list of "20 Most Expensive Houston Neighborhoods" is updated twice a year. OUTDOOR AMENITIES: Bunker Hill Village boasts several open-air recreational amenities. There are many reasons they the Peach State is also known as the Empire of the South. The name of the city was derived from was from Ralph Fair Sr., who acquired it in the 1930s. It has fire and police departments, which are shared with the nearby areas. PROXIMITY TO HOUSTONS BEST RETAIL: Afton Oaks is just across from The Galleria, which has over 350 retail stores and establishments. Boulevard Oaks is an old luxury neighborhood made up of 21 subdivisions. Piney Point is a haven for homebuyers who love classic elegance and serenity. The city was formerly an agricultural and residential hub that started in the middle of Westmoreland Farms. Mostly known for his electric car company Tesla, space exploration company SpaceX and his recent acquisition of Twitter, Elon Musk has his eyes set on a new income stream deriving from real estate . The Richest Neighborhoods In Dallas For 2022 University Park ( Homes) Highland Park ( Homes) North Dallas ( Homes) Bluffview ( Homes) Reunion District ( Homes) Preston Hollow ( Homes) Oak Lawn ( Homes) Convention Center District ( Homes) Main Street District ( Homes) The majority of people in Hillside East rent their houses. With over $500M real estate sales, the Houston Properties Team is the #1 Boutique Real Estate Team in Houston. HomeSnacks is reader-supported. The median home value in the city is $623,500, more than 3 times greater than both in Texas and the nation overall. Furthermore, certain areas command a premium. They provide 24-hour security. TOP RANKED SCHOOLS: River Oaks homes are zoned to the Houston Independent School District (HISD). With the highest per capita income ($159k) and home prices ($2.4M) in the state, Highland Park is perfect for anyone interested in an upscale neighborhood with first-class amenities. Hillside East, Anchorage, AK. CENTRAL LOCATION: West University enjoys close proximity to Rice University, Texas Medical Center, the Galleria, Downtown Houston, and the Museum District. Fast forward some 100 years to 2021: as the COVID-19 pandemic continued to rage, a record-breaking 660 people became billionaires globally, growing the previous year's number by 30%. Some popular attractions include Armstrong Park and Glencoe Park, which have playgrounds and picnic areas. With a population of only 5,371 people, Terrell Hills may be one of the smallest cities in all of Texas, but it is also one of the richest. Rice Military borders the north side, while Upper Kirby is on the southwest of the neighborhood. So many families are making six figures in Bellaire and one of the reasons for that is because it is located very close to Houston which means that there are tons of good jobs that are brought into the city by way of Houston companies such as Mattress Firm and Designer Mattress Warehouse. It is zoned to IB World Schools, including Lanier Middle and Lamar High. . The hearth of more than 60 luxury boutiques, dining, and entertainment options is the shopping center. - 2017: Texas Most Influential Realtors Contact us for a custom list of homes in these areas and make your Houston real estate investments worth it! Thus, a variety of amenities are accessible to the neighborhood. To compile our list of the wealthiest cities in Texas, we looked at data from 2021 and 2022 on local per capita income and poverty rates. We've included the summary real estate statistics for Houston's Most Expensive Neighborhoods. Additionally, the citys per capita income ($99k) and household spending are roughly double the nations average, making this area perfect for anyone who prefers a lavish lifestyle. According to D Magazine, the median household income is $511,549, which is the second-highest of all the Dallas Fort Worth neighborhoods. It is a gated neighborhood that sits along White Rock Creek, and it is close to the Bent Tree Country Club. Top 10 Richest Countries in Latin America, List Of Companies In Canada Hiring Foreign Workers (2022), Top 10 Cheapest Grocery Stores In Toronto (2022), Top 10 Richest Indians In Australia (2022), Top 10 Poorest Cities In The World (2022). Amenities may include private balconies, valet and concierge services, and reserved parking. Another expensive neighborhood in Frisco, homes in Chapel Creek range from approximately $850,000 to over $3,000,000. The area enjoys large lot sizes compared to the standards in Houston. LUXURIOUS HOMES: The community features single-family homes in many architectural styles, from ranch styles to new custom-built ones. A team approach handles these parts separately, increased foot traffic through more timely and effective showing schedule coordination; and. Residents can enjoy playing tennis, croquet, volleyball, flag football, and baseball. Today, the city takes pride in a variety of scenic walking trails, golfing communities, kayaking trips, live music festivals, and more. UPSCALE NEIGHBORHOOD: River Oaks is Houston's Most Expensive Neighborhood. - 2014: #1 Individual Agent, Keller Williams Memorial. - 2018: Top 25 Residential Realtors in Houston, Houston Business Journal The more expensive zip code area is 77019, where the median home value of River Oaks homes is $980,008, and . But where exactly in Dallas do the richest of the rich people live? Cities with high median household incomes tend to have low poverty rates. Highland Park TX (income: $365,025/ bailout: $4.5 million) - The richest town in Texas, the median home price is $1.5 million. There are plenty of jobs available in Texas, making it an attractive place to relocate for work or start a business. Other nearby schools are Briargrove Elementary School and Tanglewood Middle. 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