The Most Expensive Neighborhoods in Houston
If you’re in the market for a new apartment or home in Houston, Texas, there are several neighborhoods that are worth taking a look at. Some of these include West University Place, Braeswood Place, and the Inner Loop. Each of these neighborhoods has their own unique charms.
West University Place
Average rent for 1-bedroom apartment: $1850
West University Place is an affluent and upscale neighborhood in Houston, Texas. It is one of the most expensive neighborhoods in the country.
It’s home to many well-known figures. Most of the people who live in West University are professionals. However, there are also many families who live here. The median household income is over $153,600, which is more than the national average of $17,500.
This neighborhood is close to downtown and the medical center. It is also just ten minutes away from the Galleria. Rice University is also nearby.
Average rent for 1-bedroom apartment: $1,019
Avalon Place is an exclusive neighborhood in Houston that features luxury real estate. The neighborhood is located in the Inner Loop, close to major highways. This means that it is convenient to downtown and business districts. It also offers many amenities and attractions.
Homes in the area have large lots and traditional two-story designs. They have a few bedrooms and are typically priced from $1 million to $3 million.
Avalon Place is a deed-restricted community. As a result, homes do not stay on the market long.
Residents enjoy a peaceful and quaint neighborhood surrounded by trees. Avalon Place is also very close to several entertainment venues and fine dining locations.
Average rent for 1-bedroom apartment: $1,510
If you are looking for a place to live in Houston, Braeswood Place is a great choice. This upscale neighborhood is known for its tree-lined streets and elegant homes. It is a relatively quiet community that features a wide variety of amenities. The neighborhood is also conveniently located near several major Houston hubs, including downtown, the Galleria, Texas Medical Center, and the Buffalo Speedway.
Residents of the Braeswood Place Northeast neighborhood are most likely to identify with English, Irish, or German ancestry. In addition, a significant number of residents speak Tagalog, Urdu, and Spanish.
Average rent for 1-bedroom apartment: $1250
If you’re looking for the most expensive neighborhoods in Houston, you may be surprised to learn that Hunters Creek is actually one of them. The community is a part of Memorial Villages, a group of upscale residential communities in west Houston.
Hunters Creek is home to a lot of high-end shopping and restaurants. It also has plenty of hiking trails and acres of forested properties. In fact, it is considered to be one of the most desirable places to live in Texas.
There are many reasons why these homes are so expensive. First, these areas are surrounded by some of the best schools in the country. Second, they have easy access to major highways. Third, they are close to major business districts like the Inner Loop and West Chase.
Average rent for 1-bedroom apartment: $1750
Located in western Houston, Memorial Forest is a luxury neighborhood known for its natural topography and upscale homes. It’s also near some of the best schools in Houston. The average price of a home in Memorial is approximately $1,072,478, which is more than half the national median.
This neighborhood is a popular choice for families. With an excellent school system and access to top-notch shopping, restaurants, and nightlife, it’s no wonder people are drawn here.
Although most homes in the Memorial area were built in the 1950s, there are some newer developments. For example, the luxury high-rise community Stablewood was developed in the 1990s.
Average rent for 1-bedroom apartment: $1660
The Midtown area of Houston is a diverse neighborhood that features a great variety of housing styles. From affluent apartments to renovated single family homes, this neighborhood is an ideal place to live.
The best part about living in Midtown is that it’s a walkable neighborhood. Many restaurants are located in the area and there are plenty of parks for residents to enjoy.
In addition to its cosmopolitan vibe, it’s close to the Texas Medical Center. As a result, this area is a popular choice for young professionals. Moreover, it’s a popular location for those who want to be close to downtown.
Average rent for 1-bedroom apartment: $1350
The Inner Loop is home to Houston’s cultural and artistic hub. It includes the Museum District, which houses 19 museums. There is something for everyone here, and it is easy to get around on public transportation.
Some of the most expensive neighborhoods in Houston are located within the inner loop. These neighborhoods include Rice Military, Montrose, Memorial, and River Oaks. They are also home to many celebrities and important landmarks.
In order to determine what neighborhoods have the highest appreciation rates, secondary market residential real estate brokers consider a few factors. This includes median income, real estate taxes, and the home value.