People nowadays prefer to live in big cities where many attractions and amenities are widely available to them. Ranked the fourth most populous city in the United States, Houston is a home to over 2.2 million happy people. The city’s vast population has opened doors for many opportunities whether in international trade, sports, fashion, or real estate and has made it even more attractive. The city has been also thriving in cuisine, culture, technology, medicine, and research. Houston real estate, in particular, has been roaring for the past few years; many are moving from other cities and states to Houston neighborhoods to enjoy a better quality of life. Whether you want to diversify your real estate investment portfolio or purchase a home to create memories, Houston real estate seems to be a destination for many.
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Together with our experts we have developed a list of the top five neighborhoods in Houston real estate that you should look at. Whether you are looking for an investment opportunity, or just learning about Houston real estate, this list provides you with the information you are looking for. If you are investing in Houston real estate today, then make sure to select a neighborhood that suits your goals, whether it is a home for your family or another cash-yielding investment.
1. Montrose
Montrose is one of the best neighborhoods in Houston real estate. The city is rich for its history and counterculture. Popular for its Bohemian style, museums, and luxury condos, Montrose is a top choice for many. The retail market, in particular, has been booming, further encouraging investment in commercial real estate. Commonly referred to as “One of Houston’s Most Walkable Neighborhoods,” Montrose has excellent restaurants, music bars, fashion boutiques, cafes, and pubs.
The strong and attractive amenities and services that the city offers have, furthermore, enhanced its real estate. This has consequently led to an appreciation of land, making Montrose one of the best places to invest in Houston real estate. Additionally, Montrose continues to offer excellent educational system. In fact, the neighborhood has some of the best schools in Greater Houston. This is ideal for families who want to invest in a property where they are able to provide to their children an enabling environment with an excellent educational system.
2. River Oaks
Considered one of the most expensive neighborhoods, living in River Oaks accompanies an extraordinary experience. Forbes, Fortune, and Wall Street Journal have all witnessed this benevolent city and rated it as among the “Best Places to Live.” Although home prices are of the higher bracket (median home price hovering at around $2.5 million), River Oaks has remained to be one of the top performing neighborhoods in the past decade. Its educational system, particularly the private schools, has been leading the State of Texas. River Oaks Elementary is, actually, one the best schools in Houston. In addition to its educational system, entertainment and retail have been excelling impressively. Restaurants, boutiques, and bars have been filling the city and reviving it. This has increased the demand for housing, particularly luxury homes, and has driven the real estate market among other sectors. Residents prefer River Oaks to other neighborhoods due to the proximity to jobs and medical centers, and attractions too.
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3. Meyer Land
Meyer Land is a more affordable neighborhood than the aforementioned. The neighborhood is located just outside Loop 610 and covers an area of a little over 6,000 acre. Historically, the neighborhood was the center for all Houston Jewish population. Today, it is home to many religions and ethnicities. The neighborhood’s historical sites and rich history have indeed attracted many people to invest in it and consider it as one of the top neighborhoods in Houston real estate. In addition, its retail sector has greatly contributed to the city’s attractions. The Meyer Land Plaza is a major retail center dating back to the 1950s. Marked for its vastness, the Center houses many department stores that cater to every citizen. Not only are retail stores available and in close proximity to residential areas, but so are also job centers. The accessibility, proximity, and availability of facilities and services have advanced the neighborhood and made it into a desired one.
4. Cottage Grove
Cottage Grove is considered to be one of the lower priced alternatives to Houston’s most highly sought after neighborhoods. The neighborhood is an appealing choice for many young professionals who prefer to be in close proximity to Downtown and Washington Avenue. I mean, who would not? Located in Houston’s Inner Loop, Cottage Grove is close to not only Downtown but also to Galleria and Medical Center.
Cottage Grove has also been ranked #1 of Best Houston Neighborhoods for land appreciation. In just one year, Cottage Grove saw an increase of 20% to $385,000 in 2015 from $319,990. Yet, homes and investment properties in Cottage Grove remain among the most affordable within Houston’s Inner Loop. If you are looking for a luxurious neighborhood, yet not overly expensive, then we recommend that you further look into Cottage Grove.
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5. Houston Heights
Greater Heights, or Houston Heights, is a popular historic district and indeed a charming one. With its homes dating back as early as the 1900s, Houston Heights is attractive for many for its rich and character-filled architecture. Many have flocked and settled into the neighborhood for the beauty of its structure and the array of the attractions it offers. To further add, Houston Heights is among the top communities to feature fun family activities and offer best elementary education. We further encourage that you invest in this neighborhood in Houston real estate. This is also because the neighborhood’s real estate market has been of the best performing ones in Houston for the past decade.
Whether it is Houston Heights, Cottage Grove, or Montrose, you yet ought to thoroughly assess the market and your needs too. Set your real estate investment goals and select a neighborhood that will align with them. We hope that this list has given you a better understanding of Houston’s top neighborhoods, and that it has aided into shaping your decision.
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