West University Place is surrounded by the cities of Bellaire, Houston, and Southside Place. These neighborhoods are largely residential, featuring single-family homes with generous lot sizes between 8,000 to 10,000 square feet. It is independent of the Houston Police Department. The largest city represented on the list was Frisco with its more than 44,000 households, and the smallest place was Lakewood Village, which sits on the shores of Lewisville Lake and has just 144. Hunters Creek is within the prestigious Memorial Villages. Neighborhood #1: Hunter's Creek Village On the top of our list is Hunter's Creek Village. The upscale Houston gated community of Caceres is a few minutes from the area. Information is provided for informational purposes only. Sitting on the premier portion of Lake Woodlands real estate, East Shore features homes between $400k and $6 million in price, and it's referred to as the "Garden District" by long-time residents. The median family income in Bellaire is $165,000 and the per capita income is $101,097 with a median household income of $206,734. Briargrove is a deed-restricted community located about 12 miles from Downtown Houston. The city also has a large international community with many corporations headquartered there based on the citys population size and business-friendly laws. According to One Girl Two Cities, the richest neighborhood in Dallas is Highland Park. Residents enjoy a central location and an easy commute to the Texas Medical Center, Galleria, Downtown, and Energy Corridor. Bellaire, one of Houston's most popular neighborhoods, has a small-town vibe that blends nicely with its proximity to big-city comforts. ACCESSIBILITY: Bunker Hill's main roads, like Memorial Drive and Gessner Road, go through the neighborhood. This year's list of Houston's most expensiveareas features a lot of familiar names. It is strategically located near Woodland's Town Center and has a spectacular view of Lake Woodlands. We aim to deliver bite-sized pieces of infotainment about where you live. Fair Oaks Ranch, Texas is part of the San Antonio Metropolitan statistician Area with a population of 5,986 from its 2010 population census results. Mission is an agricultural center west. Many of Houstons most expensive neighborhoods are also, historically, the best performers in real estate appreciation. Apart from the wealthy person vibe gotten from such cities, there are other numerous benefits to boast of. River Oaks features a mix of grand mansions, traditional homes from the 1920s and 1930s, luxury condos, and townhomes in gated communities. Population 239. Newly constructed custom-built homes are available as well. While average home values in this area tend to be slightly lower ($529k), a high per capita income keeps this beautiful, forested area one of the richest in all of Texas. Prosper (Dallas Fort-Worth), located between two counties took sixth place. What's the richest neighborhood to live in Dallas for 2022? PROXIMITY TO GALLERIA: Galleria and its hundreds of shops, bars, and restaurants are minutes away from Hunters Creek. Tcu-West Cliff. Cities in this list were included if they had at least 5,000 residents. The city is located in north-central Collin County. An NBC affiliate reports that nearly 60% of the businesses in the DeSoto, Texas, suburb are owned by African Americans. EXCLUSIVITY: This gated community is one of the Most Expensive Neighborhoods in Houston. This sought-after zip code gives you access to quaint, safe, quiet tree-lined streets featuring homes with 6,500 square feet in living space. LUXURIOUS HOMES: The community features single-family homes in many architectural styles, from ranch styles to new custom-built ones. Terrell Hills began to develop as a city when Dr. Terrell sold some acres of the city to Terrell Hills Community. The neighborhood was developed in the early 1900s, and it was designed by the same architect as Beverley Hills. Some popular attractions include Armstrong Park and Glencoe Park, which have playgrounds and picnic areas. Highland Park - $211,136. Paige Martin was just ranked as the #5 agent in the world with Keller Williams, completing over $1 Billion in Houston residential real estate sales. We analyzed a significant sample of cities with similar populations like Everett, WA and Bridgeport, CT, and found homes in Mesquite cost much less. here are the 25 wealthiest neighborhoods in Austin, along with their median household income based on recent data from the United States Census Bureau: West Lake Hills - $215,870 Barton Creek - $162,500 Tarrytown - $152,000 Rollingwood - $151,875 Lost Creek - $148,984 Old Enfield - $141,563 Clarksville - $139,643 Pemberton Heights - $138,438 It is a hub for large corporations, such as Sabre Holdings, Neiman Marcus, and Santander Consumer USA all of which help keep the local community well-employed. Let's take a look at the top wealthiest neighborhoods of San Antonio: 1. EXCELLENT LOCATION: Ideally situated near the Uptown area and the Galleria, the neighborhood offers proximity to business and retail districts in Houston. They provide 24-hour security. The area is popular for its vintage ranch-style homes and sprawling estates. Its active civic club enforces deed restrictions and architectural guidelines. Finding 5 Richest Neighborhoods in Texas The factors considered in finding out the richest neighborhoods in Houston are poverty rate, per capita income, and the median value of owner-occupied units. It is home to major employers like Chevron, JP Morgan, and ExxonMobil. The resident base is mostly composed of students and young professionals, both of which help to keep the streets alive with commerce and entertainment. However, those who live here know that the size of Texas gives rise to quite a few wealthy citiesand the following are 10 of the richest cities in Texas according to median household income and per capita income measures. Owing to its central location, the neighborhood is a well-liked option. The three major cities are situated along the Midtown San Antonio, Uptown San Antonio, Fort Sam Houston, and then Downtown San Antonio. In Southlake, 6% of residents live below the poverty line, less than a third of the poverty rate nationwide. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. Rebecca Salinas , mySA.com / San Antonio Express-News. Rice Village, a 16-block shopping district, is also nearby. They have several schools with high ratings. Other areas of interest are the Seymour Lieberman Exercise Trail and the Houston Arboretum and Nature Center. So, there is a direct correlation between the richest areas and the most desirable. PROXIMITY TO RETAIL HUBS: Southside Place has Braes Heights Shopping Center. West University Place earned first place from the wealthiest city in Texas list. Two well-to-do Dallas-area communities, Southlake and Highland Park secured second and third place consecutively. They have been featured on TV and in dozens of publications including The Wall Street Journal, Fortune Magazine, Reuters, Fox News in the Morning, Money Magazine, Houston Business Journal, Houstonia, and Houston Chronicle. We also considered the median home price in each city between January and November 2022. magazine recently ranked Flower Mound as the nations fourth Best Place to Live for 2021-2022. Get your copy of The Luxury Neighborhood Guide in an easy-to-read PDF format. The 10 Most Expensive Places to Live in Texas, The population was 31,292 at the 2019 census, median home value in the city is $623,500, median home value in Alamo Heights currently sits at $717,819, The 10 Richest Cities in Michigan Based on Median Income, The 10 Richest Neighborhoods in New York City, The 10 Wealthiest Cities in Missouri Based on Median Income, The 10 Wealthiest Cities in North Carolina Based on Median Income, The 10 Wealthiest Cities in Maryland Based on Median Income, The 10 Richest Cities in Oregon Based on Median Income, The 10 Wealthiest Cities in New York State, The 10 Wealthiest Cities in Alabama Based on Median Income. Highland Park TX (income: $365,025/ bailout: $4.5 million) - The richest town in Texas, the median home price is $1.5 million. A project of The Houston Properties Team, the list of "20 Most Expensive Houston Neighborhoods" is updated twice a year. While many of the jobs in Prosper are likely filled by commuters, there are some opportunities for employment within the city limits. It is one of Houston's Most Expensive Neighborhoods along Southwest Freeway. The center of Dallas is 64 km southwest of Melissa. Listed below are the most expensive neighborhoods in El Paso for 2023, sorted by overall cost of living which includes: groceries, goods and services, real estate and rent prices. Although the distinctions between University Park, Park Cities, and Highland Park are subtle, there's no question that Highland Park is the most prestigious of the three. Grogan's Mill is also the home of one of the fastest-growing luxury neighborhoods in The Woodlands. The median price of properties in this neighborhood is $2.5 million. Hilshire Village is a small city and neighborhood located in Harris County in Texas with a median income of $66,620. Bellaire is surrounded by West University Place and Houston. In case you're wondering, the cost of living average for all cities across the nation is 100. Here are the 10 wealthiest cities in Texas for 2021, as determined by HomeSnacks. Bouldin Creek. Shopping and dining are only a few minutes away from residents' homes. Additionally, the citys stunning architecture and accessibility to downtown San Antonio make it a superb market for high-end living. Ten-year appreciation rates compare 2010 to 2020 and are based on the median sales price. MEMORIAL PARK: This urban park features the top-rated Memorial Park Golf Course as its key feature. Some of these companies are The Avera Companies, Urban Companies, and Chevron. Notable residents. If youre looking to relocate, this guide to the 11 richest cities in Texas will help you find the best areas to turn your dreams of upscale living into reality. The median house price in Greenway Parks is around $700,000. Factors that make Hunters Creek a much-coveted choice: EXCLUSIVITY: Hunters Creek makes it to the Forbes list of Houston's Top Suburbs to Live Well. If youd like to see any neighborhoods, master-planned communities or subdivisions added to this bi-annually updated watch list, please let us know. Dubbed the "richest Negro street in the world," by John Wesley Hobbs, Sweet Auburn was a haven for Black Atlanta residents before the Civil Rights . The residential architecture of this area ranges from beautiful, colonial-style brick homes to multi-million dollar mansions, keeping average home prices close to $1.6 Million. Other than the location next to the lake, one of the reasons the area is so desirable is that it has one of the best elementary schools in Dallas. The population was 9,944 at the 2019 census. It is also nestled along Zip Code 77024, one of Forbes' "America's Most Expensive Zip Codes.". Chris Kolmar has been in the real estate business for almost ten years now. The median household income in Southlake is $240,248 and the median home value is $1.3M. Celine Park was the first road constructed for automobiles in Celine. Over 10% of Texas land area is mostly a desert even though it is largely dominated by the US southwestern deserts, most of the people that form the population of Texas mostly reside on the former prairies, forests, coastline, and grasslands areas. 2. The schools have won many awards and accolades. The typical home costs $615,000 with a median household income of $124,375- both higher than the state averages as well. 2020: #1 Real Estate Team, Keller Williams Memorial When you click through real estate links on our site, we earn an affiliate commission. Alamo Heights - $141,048. Though its population is just under 1,000 residents, the neighborhood's sprawling mansions, mature oak trees, and generous acreage create a sense of private luxury while still remaining . Using census and extrapolated BLS data, we ranked every neighborhood based on income levels. Anchored by Yorktown High School and the Lee Harrison Shopping Center, it's one of Arlington's larger neighborhoods, consisting of more than 1,000 homes. Preston Hollow is a neighborhood in North Dallas close to University Park. Buckeye. T H Rogers School has 10 out of 10 great school ratings. The cities of Houston and West University place surrounded Bellaire City in Texas. The city has a history that dates back to the mid-1800s, but it wasnt until 1946 that Alamo Heights became incorporated into a city. This small town of just 9.324 km, has a population of about 18,815 people. That would be University Park where the median income is a cool $198,578. Most of its residents are employed as civil servants in the school since The West U is a learning institution. Many of the residences in this neighborhood are ranch-style properties, although there are also some new-builds with a contemporary style. 5 Best Neighborhoods to Live in Waco, TX 1-833-225-3837 Find Agents 5 Best Neighborhoods to Live in Waco, TX By Jamie Ayers Updated June 20th, 2022 If you're thinking of moving to Texas, now is the time. Here are the 10 richest places in Texas for 2023: Southlake Bellaire Alamo Heights Lucas Lakeway Coppell Heath Highland Village Bee Cave Keller To narrow down the richest cities in Texas, we looked at several factors: poverty rate, median household income, unemployment rate; and obviously, where the richest of the rich live. It has Bellaire to the west, Southside Place to the south, and Houston to the east and north. There is varied architecture in this area, with examples of Tudor, Mid-century, Greek Revival, and Colonial Revival-style houses. - 2018: #1 Individual Agent, Keller Williams, Texas All rights reserved. LUXURY HOMES: Boulevard Oaks is home to some of Houston's Most Expensive Mansions. One of the Most Expensive Neighborhoods in Houston, the Hedwig Village is the only independent city among the Memorial Villages that has a commercial sector. Texass topography includes warm, sandy beaches and rugged hill country, as well as deserts, forests, and mountains. Therefore, well-known schools are accessible in the area. HomeSnacks is reader-supported. Prosper, a boutique city in Collin and Denton counties, is one of the most affluent communities in Texas. Sep. 14, 2015. To qualify for this list, the neighborhood must have at least 15 home sales in the past year. The development of Prosper City accelerated when the county courts commanded that parts of the land should be sold. Olmos Park, Terrel Hills, Alamo Heights are all part of the three major cities. River Oaks real estate includes deed restrictions, historic homes, property legacies, and a variety of builders. - 2016: #1 Individual Agent, Keller Williams, Texas With proximity to other Inner Loop and the Energy Corridor, many businesses, entertainments, and shopping areas are easily accessible from the community. Where you'll find lawyers, and doctors, and business executives. population was estimated at 18,593 from its 2016 population census reports. How do you quantify richer than you? LAND VALUE: Add up to its exclusiveness and charm, its HOA (Highland Village Civic Club) has helped keep an invigorating yet private atmosphere. And by no one, we really mean you because there's always someone richer than you. In addition to being one of the best places for rich people to live in America, its also the best place to live in America. north-central Collin County. For more Dallas reading, check out the best neighborhoods in Dallas and the worst neighborhoods in Dallas. EXEMPLARY SCHOOLS: The village is zoned to some of the best public schools in Houston. Those who want to splash the cash for the prestige of living in Bluffviews best houses may need to spend up to $8.9 million. TOP-RATED SCHOOLS: Briargrove is zoned to the Houston Independent School District (HISD). Population 36,649. Bellaire, a city of $206,734 median household income ranked fourth. Hillside East is located in the Borough of Anchorage. 2020: #6 Individual Agent, Keller Williams, Worldwide Furthermore, certain areas command a premium. Moreover, homeowners can enjoy many retail stores, dining establishments, cafes, and entertainment venues around the area. Her academic degrees include AA social Sci/BA English/MEd Adult Ed & Community & Human Resource Development and ABD in PhD studies in Indust & Org Psychology. 16% higher than Fort Worth. It is zoned to IB World Schools, including Lanier Middle and Lamar High. With the highest per capita income ($159k) and home prices ($2.4M) in the state, Highland Park is perfect for anyone interested in an upscale neighborhood with first-class amenities. According to One Girl Two Cities, the richest neighborhood in Dallas is Highland Park. Southlake, Texas is one of the richest cities in the nation with a median income of $240,248. Southlake became a boom-burb afterward. When there is reduced unemployment and poverty rate, the future of the city is given a richer look. Editor's Note: We updated this article for 2022. Lakewood is a neighborhood that sits alongside White Rock Lake, so there are water views from many of the homes in this area. Forget Beverly Hills. West University Place - $250,001. - 2014: #1 Individual Agent, Keller Williams Memorial. By area and population, Texas stands as the second-largest state in the United States of America. 33 %. Texas has a different landscape that is identical to both the US southern and Southwestern regions as a result of its size and geological characters as seen in the Balcones fault. There is a significant drop between the property prices in the locations in the ninth and tenth position on this list, as it is possible to buy properties in Greenway Parks for well under a million dollars. Southlake is known for its high-income households. In addition to being highly educated (almost half have earned at least a bachelors degree), Celina residents have an average commute time of only 12 minutes and enjoy excellent health with low obesity rates and high life expectancy rates. With over $500M real estate sales, the Houston Properties Team is the #1 Boutique Real Estate Team in Houston. Safety is one of the area's best qualities. Though the local poverty rate in this town is slightly higher than other areas on this list, the areas per capita income ($106k) and average home price (2.0M) are still some of the highest in the entire state. West University Place is a city located in the U.S. state of Texas within the HoustonThe Woodlands-Sugar Land metropolitan area and southwestern Harris County. And it is located in the United States of Texas and lies within Houston City. Flooding has reshaped the Houston real estate landscape and we're seeing varying trends on different segments of the housing market. Holding its own as the 7th wealthiest location in Texas by per capita income, Hill Country Village is nestled quietly and serenely just inside Loop 1604. Located in Bexar County and part of the San Antonio metropolitan area, Fair Oaks Ranch is the wealthiest city in Texas. This incorporated city is almost surrounded by San Antonio. Alamo height ranks the seventh on our list. A. Jayson Adair, $1.0. The area contains several ofHoustons Most Expensive Neighborhoods. All of the wealthiest neighborhoods in America on Bloomberg's Richest Places Index have average household incomes over $300,000. It is one of the most prestigious neighborhoods in Texas, and it is home to the upscale Highland Park shopping village and the exclusive Dallas Country Club. These richest cities in Texas have five-star amenities, high-end stores, exclusive swimming pools, grand schools, and they are safe. Best known as one of Silicon Valley's most luxurious and esteemed residential enclaves, Los Altos Hills in California boasts rolling hills and marvelous bay views. Terrell Hills was named after a local bank president who served as a mayor of San Antonio, Dr. Terrell Frederick. UPSCALE AMENITIES: The East Shore Clubhouse has a resort-style pool, an outdoor kitchen with a nearby gazebo, a terrace garden, and multi-purpose rooms. To compile our list of the wealthiest cities in Texas, we looked at data from 2021 and 2022 on local per capita income and poverty rates. The median household income in Melissa, TX is $118,348. The benefits of working with a team include: To meet all the award-winning members of the Houston Properties Team, please go here. Thus making Piney Point homes ideal for families looking to settle down in a tranquil setting. REAL ESTATE APPRECIATION RATES: Home prices are well over $1M, with one of the highest 10-year land value appreciation rates in Houston. That would be Northwest Dallas. It was also once named the Number One Best City to Live In by USA Today. Its no secret that Texas is big, but its probably not the first thing that comes to mind when you think of this state. Approximately 746 residents live in Hilshire Village . To compile our list of the wealthiest cities in Texas, we looked at data from 2021 and 2022 on local per capita income and poverty rates. Tanglewood is a wooded community in Houston featuring ranch-style homes, oak trees around the neighborhood, and exclusivity. The 1,500-acre Memorial Park is just a few blocks away from the community. In the 20th century, the finding of major petroleum deposits particularly the Spindletop increased its economic growth and eventually serve as the major driving force behind its economy. - 2017: Americas Best Real Estate Agents, RealTrends.com 2015-2023 Chasing Chains, LLC. If youre looking for a Texas city with the finest cuisine, top-ranked public schools, and high incomes, then look no further than Fair Oaks Ranch. Fast forward some 100 years to 2021: as the COVID-19 pandemic continued to rage, a record-breaking 660 people became billionaires globally, growing the previous year's number by 30%. Some homes in the area are served by top-ranked schools in the US. Real estate in Highland Park consists mostly of single-family homes available on the market from $500,000 to over $10 million. With all of this and more, its no wonder. The residents of Trophy Club are typically well-educated professionals, with 97.1% holding a bachelors degree or higher. Houstons economy is driven by the oil and gas industries, tourism, manufacturing, and health care. it joined Arkansas to the Northeast, New Mexico to the West, United States of Louisiana to the East, Oklahoma to the North, Mexican States of Chihuahua, Nuevo, Tamaulipas, and Coahuila to the Southwest, and to the Southeast, it borders the Gulf of Mexico. Terrell Hills - $181,979. . The city boasts of poverty rate of 1.67%, median household income of $250,001. - 2016: Americas Best Real Estate Agents, RealTrends.com The people who call Melissa home describe themselves as belonging to a variety of racial and ethnic groups. Residents have easy access to Downtown Houston and the Texas Medical Center. 2021: #1 Real Estate Team, Keller Williams Memorial The area showcases long driveways, wide setbacks, generous lawns, and yards. It's located five miles north of Dallas. Unsurprisingly, the median household income is also high at approximately $108,000 per year. There are many reasons they the Peach State is also known as the Empire of the South. Multiple moving parts increase oversights. Paige Martin, Broker Associate, Keller Williams Memorial1220 Augusta Dr, 300, Houston, TX 77057, Texas Real Estate Commission Consumer Protection Notice, Texas Real Estate Commission Information About Brokerage Services, PMartin@HoustonProperties.com 2002 2023, Guide To Houston's Most Expensive Neighborhoods. As of 2011, West University Place has the fifth-highest fraction of households with incomes $250,001 or greater. River Oaks Elementary is one of the Best schools in Houston. Its local per capita income of $84k is nearly triple the states average, which earned it the number one position inHomeSnacks list of wealthiest Texas cities back in 2021. 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