Housing and Market Trends and Information to help home buyers and sellers make smart and informed decisions.
If you somehow manage to find a home in one of the following coveted areas, congratulations, homebuyer—you’re making a solid investment in your future. Of all the city’s neighborhoods, none have retained their value over the decades like these five.
Houston’s oldest master-planned community remains one of its best-designed, possessing a thoughtful mix of commercial and residential development, all of it within minutes of downtown. Although the Heights’s designation as a historic district has preserved most of the Craftsman bungalows and Queen Anne mansions that give the neighborhood its distinctive look, a huge number of condo and townhome developments are springing up around them, bringing housing stock, and perhaps a hint of uncertainty, to this storied quarter’s future.
Last year, Ed and Marie Bosarge’s Memorial-area villa, Chateau Carnarvon—modestly modeled after Versailles—was listed for sale at $43 million, the most expensive residential listing in Houston history. Even though the home was still on the market at press time, such an asking price provided further evidence that Memorial—with its exclusive subdivisions tucked into oak-shaded cul-de-sacs; expansive lawns; mix of mid-century modern ranch homes and traditional manses; and public schools par excellence—is as hot as ever.
Historically the epicenter of Houston’s Jewish population, Meyerland’s relative affordability, excellent schools, and convenient location just outside Loop 610 have made it one of the city’s safest bets for buyers. There’s no more familiar sound in the neighborhood these days than the demolition of 1960s-era ranch houses, razed to build two- and three-story mansions, but there is preservation, too, in spots. The New York Times recently lauded the smart and sensitive renovation of a Meyerland mod by local architecture firm Stern + Bucek.
As we’ve reported before, everyone who moves to this Inner Loop mainstay soon has the sense that they’ve arrived too late. (Montrose in the ’70s wasn’t nearly as hip/welcoming/cheap as it was in the ’60s, the ’80s weren’t as H/W/C as the ’70s, and so on.) Nevertheless, this longtime home of Houston’s counterculture is still one of the hottest neighborhoods in town, like it or not—and some Montrosians really don’t like it, especially as prices have risen with the heat. But you can’t blame the landed gentry. Snagging a townhome or bungalow here means living within walking distance of some of Houston’s trendiest shops, clubs, and restaurants.
Believe it or not, River Oaks isn’t located in Houston’s wealthiest zip code—that would be 77005, home to West U, Southampton, and the gated Shadyside enclave. But an address in this ultra-exclusive neighborhood of winding streets and sprawling estates still represents the pinnacle of privilege in Houston. And down the road from downtown, there are still bargains to be had. After all, a three-story townhome off S. Shepherd Drive hit the market at just under $1 million in February. (Did we say bargains? We meant relative bargains.)