Melissa is a somewhat ethnically-diverse city. Map of 25 Wealthiest Zipcodes in Texas Based on Average Adjusted Gross Income. Rice Military borders the north side, while Upper Kirby is on the southwest of the neighborhood. Flower Mound is another of the richest cities for environmentalists and nature lovers alike. 1) Hilshire Village, Texas. The private police force is said to have one of the best crime safety records in all of Houston.. if(window.innerWidth<700){ezoicSiteSpeed(jQuery(document),String(/documentReady/).substring(1).slice(0,-1),String(/jQuery-document-dot-ready/).substring(1).slice(0,-1),function($){$("#skip_expand").html("(Expand+)");$("#toc ul").css("display","none");$("#skip_expand").on("click",function(){$("#toc ul").toggle()});$("#toc h3").on("click",function(){$("#toc ul").toggle()});});}. The whole city of Corona Del Mar is quite wealthy and one of its richest neighborhoods is Corona Del Mar Beach, which sits right on the coastline. The median price of properties in this neighborhood is $2.5 million. The benefits of working with a team include: To meet all the award-winning members of the Houston Properties Team, please go here. Hunters Creek Village is another one of the wealthiest cities in Texas. Another expensive neighborhood in Frisco, homes in Chapel Creek range from approximately $850,000 to over $3,000,000. Median house prices in Mesquite, TX are $174,725, meaning Mesquite homes are much less expensive than the US median of $376,286. The Woodlands is a successful, master-planned community that was first developed in the 1960s. Ten-year appreciation rates compare 2010 to 2020 and are based on the median sales price. At an average of $741k, home prices in this area can be expensive more than double the states average. It is a two-story Mid-Century modern mall along Bellaire Boulevard. 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. In most cases, the more desirable an area, the higher the cost of buying property in that neighborhood. 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. MEMORIAL PARK GOLF COURSE: The John Bredemus-designed course has a 73-course and 122-slope rating. Apart from the wealthy person vibe gotten from such cities, there are other numerous benefits to boast of. It is home to major employers like Chevron, JP Morgan, and ExxonMobil. Thus making Piney Point homes ideal for families looking to settle down in a tranquil setting. Southside Place homes posted great real estate and land value appreciation (with West U) in the past decade. 24/7 SECURITY: Boulevard Oaks has private security provided by the Houston Police and Harris County officers. Many of them were built in the 1920s, but there are plenty of newer homes to choose from as well. It is one of the most prestigious neighborhoods in Texas, and it is home to the upscale Highland Park shopping village and the exclusive Dallas Country Club. Its relatively low poverty rate also tends to make Southlake an expensive area, with home prices averaging around $1.1M. - 2018: Texas Most Influential Realtors The cities of Houston and West University place surrounded Bellaire City in Texas. On average, homes in Preston Hollow cost $1.2 million. If youre looking for a small, quiet Texas town with all the amenities of a big city and a bustling downtown area, then Terrell Hills is your spot. Flooding has reshaped the Houston real estate landscape and we're seeing varying trends on different segments of the housing market. Explore 9 neighborhoods where African American businesses districts flourished and served as examples of Black economic self-empowerment. SUPERIOR LOCATION: A city within a city, Bellaire is mostly bordered by Houston. The residential architecture of this area ranges from beautiful, colonial-style brick homes to multi-million dollar mansions, keeping average home prices close to $1.6 Million. Property prices are not as extreme either way as in some other Dallas neighborhoods, as all the properties are worth between $1.5 million and $1.9 million. Bellaire - $206,734. The Lone Star State also has one of the best economies in the nation, with no state income tax, low unemployment, and a cost of living thats below the national average. HIGH-RATED SCHOOL: Crestwood/Glen Cove is zoned to Houston ISD. Alamo Heights is one of the wealthiest areas in Texas and is a part of the greater San Antonio Metropolitan area. The population was 31,292 at the 2019 census. The majority of people in Hillside East rent their houses. Texas is ranked twenty-fifth among US states by median household income, with a per capita income of $19,617 (2000). The 1,500-acre Memorial Park is just a few blocks away from the community. With million dollar homes, guarded gates, and sweeping views, these 9 communities are, without a doubt, the most exclusive neighborhoods in San Antonio. Homes in East Shore are zoned to Conroe ISD. - 2017: Texas Most Influential Realtors Flavian Johnny is the founder of Mostexpensively.com - a blog that serves as an invaluable resource for expatriates and travelers looking for something special and unique. Texas is a state that offers something for everyone. Median home sale prices are based on single-family home sales. Its no secret that Texas is big, but its probably not the first thing that comes to mind when you think of this state. MEMORIAL PARK: This urban park features the top-rated Memorial Park Golf Course as its key feature. We find the team approach as the most effective way to sell homes. This affluent city is located between the north of downtown Dallas and Dallas North Tollway. The population was 9,944 at the 2019 census. Paradise Valley is the safest place to live in Phoenix. Some popular attractions include Armstrong Park and Glencoe Park, which have playgrounds and picnic areas. West University Place - $250,001. Initially developed in the early 2000s, Chapel Creek also has homes built as recently as 2012 or newer. Which factors people look for when deciding where to live depends on their stage of life,, Read More The 20 Best Places to Live in Nashville, TNContinue, If you dont know what a HELOC is, dont feel stupid. 12 %. In every city, there are desirable areas and locations that people want to avoid, and this applies to Dallas, Texas. Lakeway. In the 78739 zip code, home to lots of families with community parks and golf courses, that can afford the nearly million dollar price tags. Contact us at Paige@HoustonProperties.com for a full report. 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. All Rights Reserved. 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. . While average home values in this area tend to be slightly lower ($529k), a high per capita income keeps this beautiful, forested area one of the richest in all of Texas. 16 %. 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. Highland Park is one of the richest cities in Texas with a per capita income of $149,069 and a median household income of $211,136 as of 2019. Old Enfield. Paige also serves a variety of non-profits, and civic and community boards. According to One Girl Two Cities, the richest neighborhood in Dallas is Highland Park. The development of Prosper City accelerated when the county courts commanded that parts of the land should be sold. Piney Point is recognized as the wealthiest town in Texas based on its annual average income. The name Rockwall is derived from the subterranean rock formation that surrounds the county. Owing to its central location, the neighborhood is a well-liked option. And while they probably aren't made of ticky tacky, they are definitely made of money. (Read Income Needed To Buy A House in Houstons Best Neighborhoods.). You can find out more about him on LinkedIn or his website. ACCESSIBILITY: Bunker Hill's main roads, like Memorial Drive and Gessner Road, go through the neighborhood. PROXIMITY TO RETAIL AND ENTERTAINMENT: Retail and entertainment venues, including River Oaks Shopping Center and the Galleria, are only a short drive away. TOP SCHOOLS: Among these Inner Loops best schools are Lamar High, Lanier Middle, and St. George Place Elementary School. It is indeed one of Houston's most affluent towns. Located only minutes from downtown Houston, West University Place is an affluent, highly-sought after neighborhood. The community enforces various deed restrictions and neighborhood maintenance. Population 36,649. We have dedicated people doing staging, marketing, social media, open houses, and showings. MULTIPLE PARKS: The area is home to several parks and outdoor entertainment areas. They have median sale prices of over $1,500,000. The several nations that had ruled over the territory of Texas are termed as the Six Flags Over Texas. The median home value in the city is $623,500, more than 3 times greater than both in Texas and the nation overall. And it is located in the United States of Texas and lies within Houston City. Once you're done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from richest to poorest. Countryside With a median home price of $3,573,316 and a median rent of $1,693, Countryside is the most expensive neighborhood on our list. Flower Mound is another of the richest cities for environmentalists and nature lovers alike. While the median home price in Glen Abbey is $1.6 million, homes cost anything from just under $1 million to $7 million, depending on the property and lot size. Dubbed the "richest Negro street in the world," by John Wesley Hobbs, Sweet Auburn was a haven for Black Atlanta residents before the Civil Rights . In case you're wondering, the cost of living average for all cities across the nation is 100. 1. Hilshire Village is a small city and neighborhood located in Harris County in Texas with a median income of $66,620. 2021: Top Real Estate Team (Houston Properties Team), Houston Business Journal COVID-19 also had an undeniable impact on home sales. REAL ESTATE APPRECIATION RATES: Home prices are well over $1M, with one of the highest 10-year land value appreciation rates in Houston. The large pay packet is necessary for anyone who aspires to live in this area, as the average price of a house is $1.4 million, although prices start as low as $525,000. - 2018: #1 Individual Agent, Keller Williams, Texas The Crestwood/Glen Cove is popular for its: EXCLUSIVITY: Crestwood/Glen Cove real estate is among the most expensive in Houston. River Oaks features premier living, notable schools, and accessibility. The prestigious East Shore is also known as The Woodlands Garden District. Houston's Most Expensive Neighborhoods Ranked, Houston Zip Code Map: Best Neighborhoods By Zip Code, How To Avoid Houston Homes With Flooding History, The Ultimate Guide To The 26 Best Gated Communities in Houston, Houston's Best Master Planned Communities, The Ultimate 2023 Houston Neighborhood Guide, Flooding has reshaped the Houston real estate landscape, varying trends on different segments of the housing market, By The Numbers: Sales Trends Within Houston's Most Exclusive Areas, Expert's Guide To 20 Most Expensive Neighborhoods In Houston, Bonus: Three More Luxury Houston Neighborhoods, Methodology For Ranking Houston's Most Expensive Neighborhoods, Meet Paige Martin & Our Houston Luxury Realtors, Income Needed To Buy A House in Houstons Best Neighborhoods, See Income Needed To Live In Houstons Top Neighborhoods, most renowned neighborhoods within the Inner Loop, Houston's most expensive properties in Houston, See Houston's Best Inner Loop Neighborhoods, Houston Texas Zip Code Map | HoustonProperties, How To Avoid Buying In Houston's Flooded Zones, Houston Neighborhoods | Houston Map, Real Estate, Homes, Empire Lofts Condo Houston | 5005 Hidalgo Street, The Breakers Condo Houston | 7700 Seawall Boulevard, the 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 advice and marketing of agent expert in your area, competitive advantage by simply having more resources, more 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 repair work, while another agent focuses on administrative details, multiple marketing channels using members networks, constant attention: guaranteed focus on your home and your transaction, lower risk for mistakes. Although the property price range in Forest Court is quite broad, with houses costing anything from under $500,000 to $7.5 million, the median price is $2 million in this neighborhood. The city is surrounded by San Antonio and other cities, making it almost impossible to grow its borders. These are Lamar High, Lanier Middle, and Poe Elementary. Southlake ranks second on our list of richest cities in Texas. The name of the city was derived from was from Ralph Fair Sr., who acquired it in the 1930s. Related: The 10 Most Expensive Places to Live in Texas. EXCLUSIVITY: The deed-restricted neighborhood is among Memorial Villages' six upscale independent cities. 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). Of Dallas residents with a minimum 10-figure net worth, Jerry Jones is the wealthiest, worth an estimated $8.7 billion. River Oaks is located within the Inner Loop and is one of the most exclusive neighborhoods in the United States. Homes further away from the lake and on less substantial plots can cost closer to $425,000, but the average listing price in this area is $1.2 million. The METRORail Red Line has three stops within the Museum District. There are many sprawling estates in this area that are hidden from view by trees, and there are also large ranch-style residences. Here are the 10 wealthiest cities in Texas in 2021, according to HomeSnacks: 1. Therefore, the areas with the most expensive properties also attract those with the highest incomes. EXEMPLARY SCHOOLS: The village is zoned to some of the best public schools in Houston. Residents enjoy a good commute to Galleria, Downtown, Texas Medical Center, and Energy Corridor. Diversification of the economy and high technology industries increased the Texas economy in the mid 20th century. EXCELLENT LOCATION: Ideally situated near the Uptown area and the Galleria, the neighborhood offers proximity to business and retail districts in Houston. Galleria and Medical Center are only ten minutes drive. You can also take your children to Exall Park, which has a swimming pool, tennis courts, and jogging trails. LUSH LANDSCAPES: The neighborhood offers the opportunity for athletic and leisure activities. Its unique combination of bustling local businesses, boutiques, restaurants, coffee shops, and bars gives this area a general air of fortune. 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. PREMIER NEIGHBORHOOD: Southampton has luxury homes and vintage bungalows. What makes an area desirable can differ from one place to the next, although typical factors include substantial houses, nearby amenities, within a catchment area of good schools, low crime rates, and employment opportunities within commuting distance. Located 28 miles north of Houston, The Woodlands is one of Houstons Best Suburbs. Texas. These neighborhoods are largely residential, featuring single-family homes with generous lot sizes between 8,000 to 10,000 square feet. Lone Tree Population: 12,808 Cost of Living Index: 32% Above Colorado Average Average Home Price: $1,022,609 Average Household Income: $173,000 Location: Check on Google Maps Lone Tree starts off our list of the most expensive places to live in Colorado. Four miles away from Downtown Houston, while less than 5 miles away from the Galleria. EXCLUSIVITY: Forbes featured Southside Place in its list of the Most Expensive Suburbs Surrounding Major U.S. Cities. The median sales price is upwards of $1,000,000. Multiple moving parts increase oversights. Traditional, French, and Georgian are some of the styles of most Memorial Villages homes. - 2014: #1 Individual Agent, Keller Williams Memorial. With the median household income of the residents of these cities, you will need to have a bank account like Larry Ellison to live there. The Memorial Villages (Piney Point and Hunters Creek) are north of Briargrove. Her academic degrees include AA social Sci/BA English/MEd Adult Ed & Community & Human Resource Development and ABD in PhD studies in Indust & Org Psychology. (See Income Needed To Live In Houstons Top Neighborhoods). As a result, it is no wonder that a lot of people are interested in becoming landlords. The Royden/Afton Oaks area has approximately 700 homes. A team approach handles these parts separately, increased foot traffic through more timely and effective showing schedule coordination; and. Best First Time Home Buyer Programs & Grants in NYC. 2021: #1 Real Estate Team, Keller Williams Memorial Many of Houstons most expensive neighborhoods are also, historically, the best performers in real estate appreciation. The Highland Park Village also offers a great selection of local boutiques and high-end retailers. West Loop South runs through the neighborhood and connects it to Uptown Houston. Ideally situated between Grapevine Lake and Lake Lewisville, this city possesses some of the most stunning green spaces, walking trails, biking paths, and equestrian centers in the state. Some of these companies are The Avera Companies, Urban Companies, and Chevron. RETAIL AND ENTERTAINMENT: The neighborhood provides easy access to around 200 restaurants, cafs, and bars. In the 20th century, the finding of major petroleum deposits particularly the Spindletop increased its economic growth and eventually serve as the major driving force behind its economy. 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. it joined Arkansas to the Northeast, New Mexico to the West, United States of Louisiana to the East, Oklahoma to the North, Mexican States of Chihuahua, Nuevo, Tamaulipas, and Coahuila to the Southwest, and to the Southeast, it borders the Gulf of Mexico. The Richest County in Texas is Rockwall County with a median household income of approximately $103,000. - 2018: #5 Individual Agent, Keller Williams, Worldwide The neighborhood with the highest median income, University Park, was named the richest neighborhood in Dallas. Some homes in the area are served by top-ranked schools in the US. The neighborhood benefits from security patrols 24 hours a day and seven days a week. Terrell Hills was named after a local bank president who served as a mayor of San Antonio, Dr. Terrell Frederick. Other than the location next to the lake, one of the reasons the area is so desirable is that it has one of the best elementary schools in Dallas. With all of this and more, its no wonderMoneymagazine recently ranked Flower Mound as the nations fourth Best Place to Live for 2021-2022. A project of The Houston Properties Team, the list of "20 Most Expensive Houston Neighborhoods" is updated twice a year. Russwood Acres is a highly desirable neighborhood in Dallas, where the median listing price is $1.28 million. Because of its increased exportation rate, it has stood to be the second-highest gross state product. There are plenty of jobs available in Texas, making it an attractive place to relocate for work or start a business. Terrell Hills began to develop as a city when Dr. Terrell sold some acres of the city to Terrell Hills Community. The sizes range from 7,000 to 10,000 square feet. in addition to over 318 additional awards. Therefore, well-known schools are accessible in the area. - 2017: #1 Individual Agent, Keller Williams, Texas 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. The poverty rate is only 0.67 percent. The median family income in Bellaire is $165,000 and the per capita income is $101,097 with a median household income of $206,734. Melissa is the last on our list of the top ten richest cities in Texas. Thus, a variety of amenities are accessible to the neighborhood. Luxury homes are generally conserved with manicured lots. Telfair One of the most current master-planned communities in Sugar Land, Telfair, covers a territory of 2,018 sections of land with more than 250 sections of land devoted to parks, lakes, and play areas. 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