River Oaks Elementary is one of the Best schools in Houston. - 2018: Texas Most Influential Realtors Finding 5 Richest Neighborhoods in Texas The factors considered in finding out the richest neighborhoods in Houston are poverty rate, per capita income, and the median value of owner-occupied units. Its no secret that Texas is big, but its probably not the first thing that comes to mind when you think of this state. A total of 18 billionaires live in Dallas with a combined net worth of $57.9 billion. According to D Magazine, the median household income is $511,549, which is the second-highest of all the Dallas Fort Worth neighborhoods. The community features exclusive community living, accessibility, and notable schools. Big Sky, Montana; Jackson Hole, Wyoming; Aspen, Colorado; Park City, Utah; and Lake Tahoe, California are seeing increased sales amid the Covid-19 pandemic, as wealthy residents flee cities in . 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. However, taking into account incomes in this location puts it on the list. Its newly constructed luxury homes and vintage bungalows have price tags comparable to homes in nearby West U. 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. 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. We also considered the median home price in each city between January and November 2022. Its local per capita income of $84k is nearly triple the states average, which earned it the number one position inHomeSnacks list of wealthiest Texas cities back in 2021. 2021: Americas Top 100 Real Estate Agents The area is popular for its vintage ranch-style homes and sprawling estates. LUXURY CONDO LIVING: The Museum District has both established landmarks like the Warwick Towers and 1400 Hermann as well as newer condos like Oaks on Caroline and Museum Flats. COVID-19 also had an undeniable impact on home sales. Southlake, Texas is one of the richest cities in the nation with a median income of $240,248. Texas is a state that offers something for everyone. A deed-restricted neighborhood, Highland Village permits residents to feast a steady glance and feel in the village. In addition, weve included a bit about each city to give you an idea of what makes it so successful. Top employers include retail chain Bass Pro Shops and Prosper Independent School District, which serves more than 10,000 students at 11 schools across town. - 2016: Texas Most Influential Realtors 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. There are plenty of jobs available in Texas, making it an attractive place to relocate for work or start a business. - 2017: Top 25 Residential Realtors in Houston, Houston Business Journal EXCELLENT LOCATION: As one of the Inner Loop neighborhoods, the area boasts a prime location. Another expensive neighborhood in Frisco, homes in Chapel Creek range from approximately $850,000 to over $3,000,000. Some of the most popular neighborhoods for black residents include: Willow Bend, Preston Hollow, The Colony, and Murphy. As of 2011, West University Place has the fifth-highest fraction of households with incomes $250,001 or greater. The West U Place operates a telephone exchange center located at 4068 Bellaire Boulevard, and that serves as its main source of income as well. The area of Memorial Park is one of the most renowned neighborhoods within the Inner Loop. In this video, we explore LA's richest neighborhoods. UPSCALE NEIGHBORHOOD: River Oaks is Houston's Most Expensive Neighborhood. Flower Mound is another of the richest cities for environmentalists and nature lovers alike. Circle C. Flickr/Lars Plougmann. Unsurprisingly, the median household income is also high at approximately $108,000 per year. Apart from Alaska, Texas dominate the entire South-central segment of the nation and it stands without any rival as the biggest state in the area. RETAIL AND ENTERTAINMENT: The neighborhood provides easy access to around 200 restaurants, cafs, and bars. Glen Abbey is a neighborhood that will suit those who prefer modern developments to areas with period properties, as it was only developed in the early 2000s. The 10 Most Expensive Places to Live in Texas, The population was 31,292 at the 2019 census, median home value in the city is $623,500, median home value in Alamo Heights currently sits at $717,819, The 10 Richest Cities in Michigan Based on Median Income, The 10 Richest Neighborhoods in New York City, The 10 Wealthiest Cities in Missouri Based on Median Income, The 10 Wealthiest Cities in North Carolina Based on Median Income, The 10 Wealthiest Cities in Maryland Based on Median Income, The 10 Richest Cities in Oregon Based on Median Income, The 10 Wealthiest Cities in New York State, The 10 Wealthiest Cities in Alabama Based on Median Income. In economy, Bellaire City has light industrial, mixed-use of public and private uses and then the commercial properties. Cordillera Ranch Median Home Value: $989.9K Home Price Per Sq Ft: $300 Population: 1,200 Average Household Income: $190,000 Cordillera Ranch is a luxury master-planned community spread across 8,700 acres of unrivaled Texas Hill Country splendor. In Southlake, 6% of residents live below the poverty line, less than a third of the poverty rate nationwide. EXCELLENT LOCATION: River Oaks is one of the Hottest Neighborhoods in the Inner Loop. Additionally, its top-rated school systems and low crime . There is varied architecture in this area, with examples of Tudor, Mid-century, Greek Revival, and Colonial Revival-style houses. Texas has a different landscape that is identical to both the US southern and Southwestern regions as a result of its size and geological characters as seen in the Balcones fault. Some homes in the area are served by top-ranked schools in the US. Its unique combination of bustling local businesses, boutiques, restaurants, coffee shops, and bars gives this area a general air of fortune. Located 28 miles north of Houston, The Woodlands is one of Houstons Best Suburbs. 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. The city also has a large international community with many corporations headquartered there based on the citys population size and business-friendly laws. Move over, Manhattan. LUSH LANDSCAPES: The neighborhood offers the opportunity for athletic and leisure activities. An area that attracts wealth and stability, Flower Mound boasts an aesthetic community layout, high per capita income ($60k), and high average home values ($615k). - 2015: Top 25 Residential Realtors in Houston, HBJ The name Rockwall is derived from the subterranean rock formation that surrounds the county. That means that smaller communities like Piney Point Village, which has an average home price of over $3 million, were excluded as they had a population below 5,000. 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. - 2019: Americas Best Real Estate Agents, RealTrends.com It has the second largest number of museums in a contiguous area in the US. Southlake ranks second on our list of richest cities in Texas. North Gateway. According to the most recent census data, University Park looks to be the richest Dallas neighborhood to live in. 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. The median house price in the neighborhood's 77027 zip code is $892,077, while the median household income is $80,000. Located in Bexar County and part of the San Antonio metropolitan area, Fair Oaks Ranch is the wealthiest city in Texas. Parts of the University of the Incarnate Word were in Alamo Heights. Therefore, the areas with the most expensive properties also attract those with the highest incomes. To qualify for this list, the neighborhood must have at least 15 home sales in the past year. Georgia has some of the best, Read More The 20 Safest Places to Live in GeorgiaContinue, Rental properties can provide their owners with a steady stream of revenues over time. Celine Park was the first road constructed for automobiles in Celine. Southampton real estate has shown impressive appreciation rates through the years. Because of its increased exportation rate, it has stood to be the second-highest gross state product. in addition to over 318 additional awards. Its per capita income ($159k) and average home prices ($2.3M) are some of the highest in all of Texas, keeping Hunters Creek Village a frontrunner for luxury living. It has Bellaire to the west, Southside Place to the south, and Houston to the east and north. Richest billionaires in Texas The first billionaire ever is thought to be Standard Oil magnate John D. Rockefeller back in 1916, or perhaps Henry Ford in 1925. Neighborhood #1: Hunter's Creek Village On the top of our list is Hunter's Creek Village. 1. The Memorial Villages (Piney Point and Hunters Creek) are north of Briargrove. 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). GREAT LOCATION: Briargrove has the Galleria/Uptown area to the east. Ten-year appreciation rates compare 2010 to 2020 and are based on the median sales price. The name of the city was derived from was from Ralph Fair Sr., who acquired it in the 1930s. The people who call Melissa home describe themselves as belonging to a variety of racial and ethnic groups. The Houston Properties Team has a well-defined structure based on the individual strengths of each member. Goods and services in Southlake are about 21% more expensive than they are nationwide on average, and housing costs in particular which account for about 34% of typical household spending are close to double what they are nationwide. Bellaire City, the second richest city in Texas, United States of America is well known as the City of Homes because of its feature characterized by residents mostly. We ranked every neighborhood in Dallas by median income from highest to lowest. Continue on to find where your neighborhood ranks amongst the richest in Dallas. The homes in this area are predominantly large, detached houses that sit on substantial lots along tree-lined avenues. This year's list of Houston's most expensiveareas features a lot of familiar names. The cities of Houston and West University place surrounded Bellaire City in Texas. Metro Area: Houston-The Woodlands-Sugar Land Metro Area. 2020: Best Houston Real Estate Team, Best of Readers Choice 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 also nestled along Zip Code 77024, one of Forbes' "America's Most Expensive Zip Codes.". 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). For those who enjoy shopping, Highland Park Village is an open-air shopping center that offers local boutiques as well as high-end retailers like Chanel and Hermes. Using census and extrapolated BLS data, we ranked every neighborhood based on income levels. We looked at one simple criterion: Which neighborhoods have the highest median income? The poorest neighborhood? Flooding has reshaped the Houston real estate landscape and we're seeing varying trends on different segments of the housing market. 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. All rights reserved. In terms of revenue, Texas has been a leading state in exportation since the year 2002. - 2016: #20 Individual Agent, Keller Williams, Worldwide Alamo Heights is a small city that covers just 4.77 km of land and has a population of about 8,374 people. Let's have a look at the list below. A coveted small neighborhood, Highland Village is located near the [Galleria] (https://www.houstonproperties.com/houston-neighborhoods/galleria/homes-for-sale)/Uptown area and River Oaks. Approximately 746 residents live in Hilshire Village . - 2019: Top Residential Realtors in Houston, Houston Business Journal 33 %. This affluent community is located just east of Memorial Park. The population was 31,292 at the 2019 census. It also rivaled prices from homes in Southampton Place and Boulevard Oaks. 2021: Top Real Estate Team (Houston Properties Team), Houston Business Journal Grogan's Mill is also the home of one of the fastest-growing luxury neighborhoods in The Woodlands. The Royden Oaks area, in particular, is right next to the River Oaks neighborhood. Prosper (Dallas Fort-Worth), located between two counties took sixth place. TOP RANKED SCHOOLS: River Oaks homes are zoned to the Houston Independent School District (HISD). Median Home Sale Price: $1,797,000. HIGH-RATED SCHOOL: Crestwood/Glen Cove is zoned to Houston ISD. The 1,500-acre Memorial Park is just a few blocks away from the community. 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. Sep. 14, 2015. With all of this and more, its no wonder. EXCLUSIVITY: The Afton Oaks Neighborhood is home to some of Houston's most expensive properties in Houston. 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. 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 . 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. The median price of properties in this neighborhood is $2.5 million. Tanglewood is an affluent neighborhood located just outside Loop 610. River Oaks is located within the Inner Loop and is one of the most exclusive neighborhoods in the United States. LUXURIOUS AND SERENE ATMOSPHERE: Piney Point features real estate houses that give a homey and rural feel. - 2017: #10 Individual Agent, Keller Williams, Worldwide By 1989, Nantucket had become some of the most expensive real estate in the world, while Bridgeport today is less expensive than the U.S. average. is located in southwest Harris County. All median Houston home sale information was sourced by the HAR MLS database. Prosper, a boutique city in Collin and Denton counties, is one of the most affluent communities in Texas. There are also some of the largest urban centers in the United States. CENTRAL LOCATION: West University enjoys close proximity to Rice University, Texas Medical Center, the Galleria, Downtown Houston, and the Museum District. With a population of 12,240 people, Hillside East is the tenth richest neighborhood situated in Anchorage, Alaska. Dallas economy is fueled by telecommunications, banking/finance, and defense/aerospace/transportation equipment industries. Its a prime destination for outdoor enthusiasts, history buffs, and those who love to eat. Cities with high median household incomes tend to have low poverty rates. Arlington Heights. An upscale area located in central Dallas, this beautiful neighborhood possesses both a small-town atmosphere and big-city amenities. There are also many townhomes and condos available for rent or purchase for those looking for more maintenance-free living. 2022: #1 Residential Real Estate Team by Sales Volume, Houston Business Journal It is one of Houston's Most Expensive Neighborhoods along Southwest Freeway. Townhouses and condos rule this areas local real estate market, and an abundance of sidewalk space makes it easy for residents to walk or bike along the tree-lined streets. In fact, Highland Park is the most affluent city in Texas and the 7th . Therefore, those who can afford to live within this area have a good choice of properties and are likely to find something that suits their tastes. And it is located in the United States of Texas and lies within Houston City. 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. In case you're wondering, the cost of living average for all cities across the nation is 100. Like nearby Memorial area communities, Briargrove features updated/remodeled houses. - 2017: Texas Most Influential Realtors With a per capita income of nearly $100k, Southlake is one of the richest cities near Dallas. A few interesting trends stood out. The median household income is $121,370. The center of Dallas is 64 km southwest of Melissa. This keeps local incomes stable ($84k) and local poverty rates below 1%. PROXIMITY TO THE MED CENTER: Braeswood is minutes away from the Texas Medical Center, one of Houston's leadingemployment centers. Two well-to-do Dallas-area communities, Southlake and Highland Park secured second and third place consecutively. Southlake is known for its high-income households. Southlake became a boom-burb afterward. The resident base is mostly composed of students and young professionals, both of which help to keep the streets alive with commerce and entertainment. Fair Oaks Branch can be found in three counties in the United States- Bexar County, Kendall County, and Comal County. Southlake - $240,248. The district is highly in-demand thanks to its: EXCELLENT LOCATION: Centrally located within the Inner Loop, River Oaks Shopping Area has easy access to all major job centers, including Downtown, Galleria, and The Medical Center. Founded in 1915, University Park is home to. The city boasts of poverty rate of 1.67%, median household income of $250,001. Southern Methodist University in University Park, Texas. Many of the residences in this neighborhood are ranch-style properties, although there are also some new-builds with a contemporary style. We have reviewed over 400,000 home sales over the last 10 years to get a list of 2022's most exclusive neighborhoods. The 6 Most Expensive Neighborhoods in Dallas The 6 Most Expensive Neighborhoods In Dallas December 29, 2019 by Kristie Ramirez, Rhonda Reinhart, Rosie Roberson and Elaine Raffel When the city's well-heeled want to put down roots, they look to these affluent areas. Lakewood is a neighborhood that sits alongside White Rock Lake, so there are water views from many of the homes in this area. Boulevard Oaks is an old luxury neighborhood made up of 21 subdivisions. It has a variety of stores and restaurants. MULTIPLE PARKS: The area is home to several parks and outdoor entertainment areas. TOP-RATED SCHOOLS: Zoned to Houston ISD, the neighborhood students may attend Briargrove Elementary, an International Baccalaureate (IB) World School that serves the community. Southlake has a higher median household income than any other city on the list. Owing to its central location, the neighborhood is a well-liked option. Here are the 10 richest places in Texas for 2023: Southlake Bellaire Alamo Heights Lucas Lakeway Coppell Heath Highland Village Bee Cave Keller To narrow down the richest cities in Texas, we looked at several factors: poverty rate, median household income, unemployment rate; and obviously, where the richest of the rich live. Bellaire is surrounded by West University Place and Houston. HIGHLY-RATED SCHOOLS: Hedwig Village is zoned to Spring Branch Independent School District, where the neighborhood students can attend two of the National Blue Ribbon Schools, that is the Spring Branch Middle School and Memorial High School. We've included the summary real estate statistics for Houston's Most Expensive Neighborhoods. Homes in the neighborhood sit on large lots, ranging from 7,000 to more than 20,000 square feet. The most impressive and desirable estates sit alongside the lake, and they are also the most expensive, costing up to $18.5 million. 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. Piney Point is recognized as the wealthiest town in Texas based on its annual average income. Southside Place has its police and fire departments. TOP-RATED SCHOOLS: The Woodlands is zoned to Conroe, Klein, Magnolia, Spring, and Tomball ISDs. La Colonia Escondida. 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. For athletic and leisure activities the Woodlands is one of the Incarnate Word in. Old luxury neighborhood made up of 21 subdivisions must have at least 15 home sales purchase those! Took sixth place by telecommunications, banking/finance, and bars most expensive properties attract! 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