Inventory of the major areas for real estate investment in Houston

Houston, the fourth largest city in the United States and the largest city in Texas, is one of the few cities in the United States with rapid economic development but low housing prices. , attracting many people to settle down, buy property or invest here. It is reported that among the top 20 best-selling high-end communities in the United States, 6 communities are in Houston. Below is a list of the main areas for real estate investment in Houston.

Memorial

The symbol of a good old-fashioned community in Houston. Because of its extremely convenient location, land prices have increased significantly. It is characterized by large land area, good environment, and big trees surrounding the house. Most of the old houses are from the 1950s and 1960s, and the prices of new houses are more than one million US dollars. Many houses worth tens of millions of dollars are also in this area. This is a suitable investment method for demolishing old houses and building new ones. Yao Ming's house is here.

Bellaire

Bellaire is a city within a city in Houston and is dominated by whites and Asians, including 73 whites and 14 Asians. You can see seven colleges and universities within a 10-mile drive. Many professionals who work at the Texas Medical Center live here. The price of new houses is generally 500,000, and there is the famous Bellaire High School. Many Houston real estate investors buy older homes and rebuild them here.

West University

Another well-established area in Houston, named after its proximity to Rice University. Nearly all of the district's street names are derived from universities, colleges and poets from around the world. There are approximately 15,000 residents, with an average annual household income of US$230,000. Housing prices are high, with most houses ranging from US$1 million to US$20 million. Located within the 610 Expressway Ring, the location is extremely convenient. It is one of the top 10 most expensive communities in the United States.

Medical Center

Located in the heart of Houston, it is the largest medical center in the world, with approximately 110,000 employees working here. The first heart transplant operation in the United States was completed here. On average, there is a new operation every 3 minutes. It is the area with the highest density of life science professionals in the United States. There are famous universities such as Rice University and the University of Houston nearby, as well as many government buildings, and the convention and exhibition center is also here. There are many townhouses and apartments near the medical center suitable for investment.

Katy

Katy is an emerging satellite city located to the west of the Greater Houston area, adjacent to the famous Energy Corridor, where more than 300 oil and related companies have developed. In the past ten years, the population of Katy City has increased by 83, of which the Asian population has increased by more than 100. The residents are mainly highly educated professionals in petroleum, medical, high-tech and other fields.

Pearland

It is only a 25-30-minute drive from the medical center and the city center. It is a relatively mature and booming satellite city with many outdoor places suitable for families and children. Reasonable housing prices, good living environment and convenient location attract more and more people to settle here.

Sugar land

Sugar Land is located in the southwest of the Greater Houston area. It is dominated by whites and Asians, including 56 whites and 34 Asians. The average annual household income is $150,000. Most of the schools are ranked among the best in the Houston area. Shops are dotted here. Route 6 runs through the entire Sugar Land from northwest to southeast, and there are countless large shopping malls on both sides. Since it was first named "America's Most Livable Small City" by multiple top rating agencies or magazines in 2007, it has won this honor many times.

Woodlands

It is 27 miles north of Houston. As its name suggests, 25% of the city's area is green space, parks and golf courses, with beautiful scenery and a paradise. In addition, 28% of the area will remain pristine green forest. The houses in this community are hidden among the big trees, among which 80 are white. With the continued influx of oil companies, job growth over the next decade is expected to be 42%. Housing prices are also increasing year by year, with new house prices exceeding 600,000.

It is currently the best-selling mature community in Texas and the third best-selling mature community in the United States.

River Oaks

The River Oaks community has become a model for community building in the United States. Most of the people living in the area are presidents of large and well-known companies, social celebrities and business tycoons. It has always been the most expensive neighborhood in Houston. Real estate values ??in the region have continued to grow in recent years.

Cypress

When it comes to cypress, many people will think of 290 Outlets, which is one of the largest outdoor outlets in Houston. Cypress is about 40 miles from the city center and has a population of 120,000, about 73% white and 6.4% Asian. Because housing prices are low, this is another good choice for investment housing.

Downtown

Residential housing prices in downtown Houston have grown by 60% in the past five years, with an average annual price increase of 12%. Ranked first among 31 blocks in Houston.

Due to the generally low housing prices in Houston, the investment threshold is low, and there is still a lot of room for price growth compared to housing prices in other major cities in the United States. Buyers who are in urgent need of housing or are ready to invest can consider the opportunity to make a move as soon as possible.