Did you know even in the same locality (neighborhood, city, or state) prices of houses differ? If not, let us tell you that prices vary based on several reasons. For example, other than location, there are area, size, style, and neighborhood which constitute pricing. It goes without saying that the wealthiest part of Houston is naturally for the elite and not for those who make average earnings.
Houston, one of the states of the US, has cheap as well as exclusive or wealthy housing. In this blog, we have mentioned 5 best wealthiest neighborhoods of Houston, Texas.
Five Best and Wealthiest Places to Live in Houston, Texas
Listed below are some of the most famous neighborhoods for elites or wealthy ones. It includes Memorial, Boulevard Oaks, River Oaks, Hyde Park, and Woodlake. Let’s check out more about them.
Memorial is the tenth richest place to live in Houston. The median price of a house is $675,481. For many of us, this is an extremely expensive purchase but when it comes to other places like New York, etc. people give more than the average amount. Why do they do that? It is done so that the level of lifestyle they need can be maintained. Also, the median income of people living in Memorial is $98,000. Besides that, this place Memorial has 54,840 residents. The ambiance is a combination of both, urban and rural.
#2: Boulevard Oaks
When you compare the prices of Boulevard Oaks and Woodlake, Boulevard Oaks is slightly cheaper. It is because the median cost at Boulevard Oaks is $853,327. To buy a house in this place of Texas, Houston you have to have an extremely substantial income. Research reveals that people who live in Boulevard Oaks make at least $69,000 per annum. This neighborhood came into existence in the 1920s and then it was further developed in the 1930s. That is the reason why it has a historic feel and the features offered to have a strong character.
#3: River Oaks
This neighborhood is so big that there are many zip codes. Also, River Oaks offers different median prices. If we talk about zip code 77027, houses are priced at $892,077 onward. However, the median income per annum is $80,000.
Likewise, the zip code 77019 has a median of $980,008 and it is a place where people are making $82,000 annually.
#4: Hyde Park
It is located in Montrose which is a known area of Houston. It is one of the best places to live for a number of reasons. Residents as in locals who live in this place have a median household of $62,000 per annum. It is a place that can be afforded by those who have beautiful houses with a median house price of $743,879. Not just that this place is expensive, but it is one of the safest places in the neighborhood. The kind of activities for residents offered at Hyde Park is just awesome.
Woodlake is recorded as the 7th wealthiest place in Houston. The median home price of Woodlake is $863,480. However, here the residents make $54,000 yearly. That shows the kind of life people live in this neighborhood – they have to meet their ends by stretching the budget.
We have mentioned five places that are the wealthiest ones. Hope you have found this blog good to read and now it will be easier to decide where to live.