The 10 Richest Neighborhoods in Houston

Piney Point Village

Even within one city, not all houses fall within the same price brackets. The cost of buying a property can vary significantly from one neighborhood to the next, and this depends on many factors. Some factors include the location, natural features of the area, and the size and style of homes in that neighborhood. The properties in the highest price brackets are out of the reach of those earning an average income or less, and only those with sizeable salaries can live in the most exclusive and desirable neighborhoods. Houston is just like any other city in the United States, as there are both cheap areas and desirable areas that have expensive housing and a high cost of living. Here are the 10 richest neighborhoods in Houston.

Rice

10. Rice

In terms of median household income, Home Snacks lists Rice as one of the richest neighborhoods in Houston although the property prices are not as high as the other locations on the list. Therefore, it is a neighborhood that attracts wealthy people who are looking for a bargain in terms of property prices.

Memorial

9. Memorial

The tenth richest neighborhood in Houston is Memorial, where the median home value is $675,481. Although it may seem like a hefty price tag to many people, it is significantly less than the figures people are paying to live in the richest neighborhoods in many other locations around the United States, such as New York and California. Those living in Memorial have a median household income of around $98,000. Memorial is home to 54,840 people, and it has an urban-suburban mixed fee. It is a good option for affluent families, as the public schools in this community are highly-rated. There are also activities for people of all ages, and the community is diverse.

Hyde Park

8. Hyde Park

Hyde Park is a neighborhood in the Montrose area of Houston that is considered one of the best places to live in Houston and the surrounding area. Residents of Hyde Park have a median household income of $62,000, which affords them homes in this prestigious area, where the median home value is $743,879. It is a safe neighborhood that has visual appeal, and there is a diverse range of activities for residents to enjoy in the surrounding area.

Boulevard Oaks

7. Boulevard Oaks

The cost of properties in Boulevard Oaks only just falls short of the prices of homes in Woodlake, as the median home value in Boulevard Oaks is $853,327. To pay such high property prices requires a substantial income, and it is no coincidence that those who live there earn an average of $69,000 a year. The neighborhood was first developed in the 1920s and 1930s, so many of the properties in the area have character and boast period features. It is also a National Register historic district.

Woodlake

6. Woodlake

By a relatively small margin, Woodlake is the seventh richest neighborhood in Houston, and the median home value is $863,480. Despite the properties costing more than in Boulevard Oaks, the residents have a lower median household income of $54,000. Therefore, many who live in Woodlake are potentially stretching their budget boundaries to live in a desirable location.

University Place

5. University Place

University Place is the 77030 zip code area, and properties in this neighborhood have a median home price of $980,008, with many properties exceeding the million-dollar mark. The cost of living in this area is high as it is considered one of Houston’s best neighborhoods. It is particularly appealing to young professionals who enjoy the urban-suburban mixed feel, the employment opportunities, and the range of activities available. There are also good transport links and community diversity.

River Oaks

4. River Oaks

River Oaks is a large enough neighborhood to have several zip codes, and there are differences in the median home prices and household incomes vary. In the 77027 zip code area of the neighborhood, the median house price is $892,077, while the median household income is $80,000. The pricier zip code area is 77019, where the median home value of homes in River Oaks is $980,008, and the residents have healthy bank balances as the median household income is approximately $82,000.

West University Place

3. West University Place

There is a big leap in property prices between the fourth-richest and third-richest on the list, as it is the first location where the property prices consistently exceed a million dollars. The median home value is $1,320,354, while the median household income is around $144,000. West University Place is a suburb of Houston with a population of 15,603. Although there is a semi-rural feel to this neighborhood, residents have access to coffee shops, restaurants, bars, and parks. It is an area that appeals to affluent families, as the schools are above average and there are various family-oriented activities to enjoy.

Galleria-Uptown

2. Galleria-Uptown

Those who live in the Galleria-Uptown neighborhood are stretching their median household income of $87,000, as the median home price is $1,370,342. Galleria-Uptown is a neighborhood that appeals to those who enjoy an urban lifestyle in an area that is vibrant and offers many leisure activities. It is the most expensive area that is directly within the city, rather than on the outskirts. However, the area has many appealing features that offer city-dwellers an amazing lifestyle. For example, there are upscale shops, outstanding restaurants, nice parks, and other outdoor spaces.

Piney Point Village

1. Piney Point Village

According to Investopedia, the richest neighborhood in Houston is Piney Point Village, where the median house price is $1,784,461. Unsurprisingly, the median household income is also high at approximately $108,000 per year. Piney Point Village has a population of 3,425 residents. Although the city amenities and attractions are within easy commuting distance, it has a rural feel, and it is this combination that makes Piney Village Point such a desirable location.

Add Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

ecommerce
20 Things You Didn’t Know about Algolia
Miguel Fernandez
10 Things You Didn’t Know About Miguel Fernandez
10 Things You Didn’t Know about John Waldmann
eBay
How to Ban or Block a Buyer on eBay
credit card
10 Things We Like about the Bilt Rewards Card
Credit Card
10 Reasons We Like The Divvy Business Credit Card
Tesla
The Top Five Stock Picks Targeted at Climate Change
Credit Card
The 20 Best Travel Credit Cards of 2021
Royalton Blue
10 Reasons to Check Out The Royalton Blue Waters in Jamaica
Seattle
When Is The Best Time To Visit Seattle?
Grand Canyon
Want Luxury in The Grand Canyon? Check out “Nomad’s Pad”
flea market
10 Reasons to Visit the Pendergrass Flea Market
Appreciating the Saab 9-3 Viggen
A First Look at the INEOS Automotive’s Grenadier
Check Out Bugatti’s Restored Very First Veyron Grand Sport
2021 Toyota Camry 4
Why The Toyota Camry Will Be Around Forever
Michael Kors Watch Hunger Stop Chronograph
The 10 Best Watches for Handling Heat
Patek Phillipe’s Green-Dial Nautilus
A Closer Look at the Patek Philippe’s Green-Dial Nautilus
A Closer Look at the Creux Automatiq Ghost V3 Mono
Seven Fridays
A Closer Look at the SevenFriday’s P1C/04 Caipi Watch
Gavin McInnes
How Gavin McInnes Achieved a Net Worth of $10 Million
Sam Jonah
The 10 Richest People in Ghana
Sally Field
How Sally Field Achieved a Net Worth of $55 Million
Jean-Bertrand Aristide
The 10 Richest People in Haiti