REAL ESTATE APPRECIATION RATES: Home prices are well over $1M, with one of the highest 10-year land value appreciation rates in Houston. It's located five miles north of Dallas. This affluent city is located between the north of downtown Dallas and Dallas North Tollway. - 2017: #1 Individual Agent, Keller Williams, Houston Population 36,649. The most impressive and desirable estates sit alongside the lake, and they are also the most expensive, costing up to $18.5 million. Residents enjoy a good commute to Galleria, Downtown, Texas Medical Center, and Energy Corridor. Its no secret that Texas is big, but its probably not the first thing that comes to mind when you think of this state. Southlake became a boom-burb afterward. LUSH LANDSCAPES: The neighborhood offers the opportunity for athletic and leisure activities. 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. Some homes feature brick cottages and Georgian homes. 10. PROXIMITY TO GALLERIA: Galleria and its hundreds of shops, bars, and restaurants are minutes away from Hunters Creek. I have to disagree with the earlier poster on this one: nowadays Tarrytown residents are mostly affluent techie types living in jumbo-sized McMansions, after having torn down the older, muc. Residents enjoy a central location and an easy commute to the Texas Medical Center, Galleria, Downtown, and Energy Corridor. ACCESSIBLE LOCATION AND EASY COMMUTE: The district is nestled between two major employment centers and allows easy access to I-45 and Highway 59. Residents can also take a short drive to Montrose, Downtown, or Upper Kirby for more options. West University Place is located within the Houston-Sugar Land metropolitan area and called West U for short. Terrell Hills has these cities as its boundaries: San Antonios Near Eastside by southern part, on the Eastern part, it has Fort Sam Houston on its East and lastly Uptown San Antonio on its North. In Southlake, 6% of residents live below the poverty line, less than a third of the poverty rate nationwide. By area and population, Texas stands as the second-largest state in the United States of America. Owing to its central location, the neighborhood is a well-liked option. MULTIPLE PARKS: The area is home to several parks and outdoor entertainment areas. Welcome to the land of the 1%. An NBC affiliate reports that nearly 60% of the businesses in the DeSoto, Texas, suburb are owned by African Americans. Median house prices in Mesquite, TX are $174,725, meaning Mesquite homes are much less expensive than the US median of $376,286. How do you quantify richer than you? A project of The Houston Properties Team, the list of "20 Most Expensive Houston Neighborhoods" is updated twice a year. EXCELLENT LOCATION: Piney Point contains some of the city's most prestigious real estate. Real estate, on the other hand, is over 10 million dollars. Braeswood Place is located 6 miles from Downtown Houston. The city was founded by the president of the South End Land Company, William Baldwin Wright. The city was formerly an agricultural and residential hub that started in the middle of Westmoreland Farms. if(window.innerWidth<700){ezoicSiteSpeed(jQuery(document),String(/documentReady/).substring(1).slice(0,-1),String(/jQuery-document-dot-ready/).substring(1).slice(0,-1),function($){$("#skip_expand").html("(Expand+)");$("#toc ul").css("display","none");$("#skip_expand").on("click",function(){$("#toc ul").toggle()});$("#toc h3").on("click",function(){$("#toc ul").toggle()});});}. Spanning ten blocks within the Inner Loop, Southside Place is an affluent independent city. Bellaire is known for its coolness, hence the name Bellaire which means Good Air. Top employers include retail chain Bass Pro Shops and Prosper Independent School District, which serves more than 10,000 students at 11 schools across town. 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. The homes in Terrell Hills are not only beautiful, but theyre also historic. 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. Photo by Matthew Rutledge on Flickr 78703, Austin It has Tanglewood northeast. 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. While Southlake has a relatively low unemployment rate of 3.4%, it is also one of the most expensive cities in Texas. Go here for the full report. 11 Richest Cities in Texas Highland Park Hunters Creek Village West University Place University Park Alamo Heights Southlake Terrell Hills Fair Oaks Ranch Trophy Club The Woodlands Flower Mount 1. So without further ado, here are your top 10 richest cities in Texas! The West University State of Texas is commonly known as the The West U. West University Place - $250,001. The Hedwig Village remained popular thanks to its: ACCESSIBILITY: Situated along the Katy Freeway, the community is just north of Bunker Hill and the Piney Point Villages, and west of the Hunters Creek. The median home value in Alamo Heights currently sits at $717,819 and the median household income of $141,048. The 6 Most Expensive Neighborhoods in Dallas The 6 Most Expensive Neighborhoods In Dallas December 29, 2019 by Kristie Ramirez, Rhonda Reinhart, Rosie Roberson and Elaine Raffel When the city's well-heeled want to put down roots, they look to these affluent areas. LUXURY CONDO LIVING: The Museum District has both established landmarks like the Warwick Towers and 1400 Hermann as well as newer condos like Oaks on Caroline and Museum Flats. There are many sprawling estates in this area that are hidden from view by trees, and there are also large ranch-style residences. Celina was established in 1879 and named after the first postmaster town, Celina Tennessee. Additionally, the citys per capita income ($99k) and household spending are roughly double the nations average, making this area perfect for anyone who prefers a lavish lifestyle. Residents also have direct access to Lake Woodlands. The area also boasts great access to premier private schools. Here are the 10 richest areas in Dallas, Texas. There are a total of 14 billionaires in . With a population of 12,240 people, Hillside East is the tenth richest neighborhood situated in Anchorage, Alaska. According to One Girl Two Cities, the richest neighborhood in Dallas is Highland Park. Trails along the lakeshore connect East Shore parks. The city's spacious luxury properties range from 15,000 sqft. Richest billionaires in Texas The first billionaire ever is thought to be Standard Oil magnate John D. Rockefeller back in 1916, or perhaps Henry Ford in 1925. For those who enjoy shopping, Highland Park Village is an open-air shopping center that offers local boutiques as well as high-end retailers like Chanel and Hermes. There are large wooded grounds and well-kept front/backyards in the neighborhood. Our team, composed of distinguished and competent Houston luxury realtors, has a well-defined structure based on the individual strengths of each member. Its newly constructed luxury homes and vintage bungalows have price tags comparable to homes in nearby West U. There are also some slightly more affordable options in this area, as property prices start at around $895,000. The area of Rockwall County measures 149 square miles which makes it the smallest area compared to all Texas counties. The Woodlands residents enjoy a 1,700-acre nature preserve and several lakes and ponds. Fair Oaks Ranch is one of many American cities that features extremely expensive real estate. 1) Hilshire Village, Texas. 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 state is booming and so is its real estate sector. Each member is a specialist in their role which is why our homes sell faster and for more money than average. It is a city located within a Bexar, in Comal, and within a Kendall County in the Texas State of United States. A deed-restricted neighborhood, Highland Village permits residents to feast a steady glance and feel in the village. Southampton is one of the Most Expensive Neighborhoods in Houston. The city also has a large international community with many corporations headquartered there based on the citys population size and business-friendly laws. Aside from its lively arts and culture scene, the Museum District also offers a lot of outdoor entertainment and recreation options in Hermann Park. The Royden/Afton Oaks area comprises two upscale deed-restricted communities nestled east of Loop 610 and north of Southwest Freeway. Highland Park - DFW Richest Neighborhood The Dallas metro region, which includes Fort Worth, has 7.2 million residents and is similarly expansive to Los Angeles. Bellaireis located in southwest Harris County. It was also once named the Number One Best City to Live In by USA Today. It has fire and police departments, which are shared with the nearby areas. Houston's Most Expensive Neighborhoods Ranked, Houston Zip Code Map: Best Neighborhoods By Zip Code, How To Avoid Houston Homes With Flooding History, The Ultimate Guide To The 26 Best Gated Communities in Houston, Houston's Best Master Planned Communities, The Ultimate 2023 Houston Neighborhood Guide, Flooding has reshaped the Houston real estate landscape, varying trends on different segments of the housing market, By The Numbers: Sales Trends Within Houston's Most Exclusive Areas, Expert's Guide To 20 Most Expensive Neighborhoods In Houston, Bonus: Three More Luxury Houston Neighborhoods, Methodology For Ranking Houston's Most Expensive Neighborhoods, Meet Paige Martin & Our Houston Luxury Realtors, Income Needed To Buy A House in Houstons Best Neighborhoods, See Income Needed To Live In Houstons Top Neighborhoods, most renowned neighborhoods within the Inner Loop, Houston's most expensive properties in Houston, See Houston's Best Inner Loop Neighborhoods, Houston Texas Zip Code Map | HoustonProperties, How To Avoid Buying In Houston's Flooded Zones, Houston Neighborhoods | Houston Map, Real Estate, Homes, Empire Lofts Condo Houston | 5005 Hidalgo Street, The Breakers Condo Houston | 7700 Seawall Boulevard, the ability to be in two or three places at one time; a member can handle showings, while another answer calls, collective time and experience of members, targeted advice and marketing of agent expert in your area, competitive advantage by simply having more resources, more ideas, and more perspectives, a checks and balances system; selling and buying a home in Houston is an intensely complex process, more people addressing field calls and questions from buyers and agents to facilitate a faster, successful sale, efficient multi-tasking; one agent takes care of inspections and repair work, while another agent focuses on administrative details, multiple marketing channels using members networks, constant attention: guaranteed focus on your home and your transaction, lower risk for mistakes. It is strategically located near Woodland's Town Center and has a spectacular view of Lake Woodlands. 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 In this video, we explore LA's richest neighborhoods. This highly educated residence base, along with a myriad of local employers, keeps the local workforce saturated and poverty levels low, making Trophy Club an ideal place to raise a family. Lakewood is a neighborhood that sits alongside White Rock Lake, so there are water views from many of the homes in this area. Melissa is one of the richest cities in Texas with a median income that is 1.5 times higher than the Texas average. With a population of only 5,371 people, Terrell Hills may be one of the smallest cities in all of Texas, but it is also one of the richest. TOP-RANKED SCHOOLS: Recognized International Baccalaureate World Schools serve Southampton. You can find out more about him on LinkedIn or his website. Piney Point is a haven for homebuyers who love classic elegance and serenity. Arlington Heights. Southlake is known for its high-income households. They have several schools with high ratings. - 2016: Top 25 Residential Realtors in Houston, HBJ CONVENIENT ACCESS: Nearby Woodland's Town Center is home to an array of hotels, shops, dining establishments, and entertainment venues. From luxury high rises to the hill country's wide-open spaces, Texas's high-dollar zip codes attract billionaires and celebrities looking to call the Lone Star state home. TOP-RANKED SCHOOLS: The neighborhood boasts access to River Oaks Elementary and premier private schools. This city got incorporated as Southlake in 1956 and this was after the construction of Grapevine Lake. 1. 2015-2023 Chasing Chains, LLC. Its a prime destination for outdoor enthusiasts, history buffs, and those who love to eat. Flower Mound is another of the richest cities for environmentalists and nature lovers alike. EXCELLENT LOCATION: Ideally situated near the Uptown area and the Galleria, the neighborhood offers proximity to business and retail districts in Houston. It exhibits strong appreciation rates every year. Alamo Heights is one of the wealthiest areas in Texas and is a part of the greater San Antonio Metropolitan area. It is located only a few minutes from the city center and is best known for its charming collection of tree-lined streets, cottage-style architecture, and easy access to downtown. Traditional, French, and Georgian are some of the styles of most Memorial Villages homes. Texas. For more Dallas reading, check out the best neighborhoods in Dallas and the worst neighborhoods in Dallas. Bellaire City, the second richest city in Texas, United States of America is well known as the City of Homes because of its feature characterized by residents mostly. It is between the Houston -sugar -land -Baytown. 2021: Best Houston Real Estate Team, Best of Readers Choice Texas is the leading state in terms of agriculture, electronics, biomedical sciences, computers, energy, and aerospace with the emergence of its well-grown industry base. Contact us for a custom list of homes in these areas and make your Houston real estate investments worth it! The private police force is said to have one of the best crime safety records in all of Houston.. PROXIMITY TO THE MED CENTER: Braeswood is minutes away from the Texas Medical Center, one of Houston's leadingemployment centers. The area showcases long driveways, wide setbacks, generous lawns, and yards. Terrell Hills (San Antonio) Population: 5,371 Rank last year: 1 Median household income: $181,979 Unemployment. With its beautiful residential architecture, stunning views, and low taxes, Texas is becoming an increasingly popular alternative to the expensive west coast. Four miles away from Downtown Houston, while less than 5 miles away from the Galleria. The population was 9,944 at the 2019 census. Vibrant and highly accessible, the Museum District is one of Houstons premier cultural and art centers. Therefore, the areas with the most expensive properties also attract those with the highest incomes. Galleria and Medical Center are only ten minutes drive. He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move. It has a variety of stores and restaurants. Alamo Heights - $141,048. An upscale area located in central Dallas, this beautiful neighborhood possesses both a small-town atmosphere and big-city amenities. The first residents of the city used it for agricultural purposes. Celine Park was the first road constructed for automobiles in Celine. Tanglewood is an affluent neighborhood located just outside Loop 610. 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. The typical home costs $615,000 with a median household income of $124,375- both higher than the state averages as well. 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%. According to Investopedia, the richest neighborhood in Houston is Piney Point Village, where the median house price is $1,784,461. Here are the 10 wealthiest cities in Texas in 2021, according to HomeSnacks: 1. The Royden/Afton Oaks neighborhoods are known for their: SHORT COMMUTE TO KEY NEIGHBORHOODS: Afton Oaks is only a 6-minute drive away from Uptown District, home to over 2,000 businesses. Therefore, those who can afford to live within this area have a good choice of properties and are likely to find something that suits their tastes. The 1,500-acre Memorial Park is just a few blocks away from the community. River Oaks Elementary is one of the Best schools in Houston. The Crestwood/ Glen Cove area is one of Houston's top luxury neighborhoods. Hilshire Village is a small city and neighborhood located in Harris County in Texas with a median income of $66,620. It's a great opportunity for buyers. 2022: #1 Residential Real Estate Team by Sales Volume, Houston Business Journal The cattle industry that serves as a major economic growth for Texas produced the primitive image of the Texas Cowboy. From stunning homes and schools to unique cultural attractions, The Woodlands is a great place to live no matter what stage in life you're in! With over $500M real estate sales, the Houston Properties Team is the #1 Boutique Real Estate Team in Houston. Downtown Austin. VARIETY OF AMENITIES: Memorial City and Beltway 8 are near Piney Point village. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. Learn These Five Habits, The 10 Richest Neighborhoods in Minneapolis, The 10 Richest Neighborhoods in Pittsburgh, The 10 Richest Neighborhoods in New Orleans, The 10 Richest Neighborhoods in Cincinnati, The 10 Richest Neighborhoods in St. Louis, How Bebe Rexha Achieved a Net Worth of $10 Million, The 20 Worst Cities for Human Trafficking in the World, How Simu Liu Achieved a Net Worth of $4 Million, The 20 Best Chevy Muscle Cars of All-Time. Texas counties ranked by per capita income[ edit] Note: Data is from the 2010 United States Census Data and the 2006-2010 American Community Survey 5-Year Estimates. With all of this and more, its no wonder. EXPANSIVE LOTS: Bellaire's lot sizes vary widely, though the standard 75 feet by 130 feet lot parcels are more spacious than West University's 50 by 120 feet lots. I have compiled a list of the top 10 richest cities in Texas according to their median household income. The poverty rate is only 0.67 percent. A new list from data provider HomeSnacks ranks Terrell Hills as the richest place in . Best First Time Home Buyer Programs & Grants in NYC. What makes an area desirable can differ from one place to the next, although typical factors include substantial houses, nearby amenities, within a catchment area of good schools, low crime rates, and employment opportunities within commuting distance. If youre looking for a small, quiet Texas town with all the amenities of a big city and a bustling downtown area, then Terrell Hills is your spot. Forget Beverly Hills. Paradise Valley. A post office, stores, school, and other buildings followed. The swankiest neighborhood in Dallas is University Park, ZIP code 75205, an area known for its attractive homes, beautiful parks and many churches. Memorial Park is also zoned to the Houston Independent School District (HISD). It is also nestled along Zip Code 77024, one of Forbes' "America's Most Expensive Zip Codes.". Sep. 14, 2015. It is home to major employers like Chevron, JP Morgan, and ExxonMobil. Continue on to find where your neighborhood ranks amongst the richest in Dallas. It was opened in the 1920s. HIGHLY-RATED SCHOOLS: Hedwig Village is zoned to Spring Branch Independent School District, where the neighborhood students can attend two of the National Blue Ribbon Schools, that is the Spring Branch Middle School and Memorial High School. The surrounding landscape can also make a difference to the desirability of an area. Russwood Acres is a highly desirable neighborhood in Dallas, where the median listing price is $1.28 million. Alamo Heights is one of the wealthiest cities within the San Antonio Metropolitan area. The richest city in Texas is Highland Park. 2020: Top Real Estate Team (Houston Properties Team), Houston Business Journal 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. - 2017: #10 Individual Agent, Keller Williams, Worldwide It features some of the most expensive real estate in Houston. Alamo Heights is predominantly white collar with almost 98% of the workforce employed in white-collar jobs, well above the national average. OUTDOOR RECREATION: Most areas can access many trails like Seymour Lieberman Exertrail and Picnic Loop. Source: US Internal Revenue Service - 2018. Multiple moving parts increase oversights. The district is highly in-demand thanks to its: EXCELLENT LOCATION: Centrally located within the Inner Loop, River Oaks Shopping Area has easy access to all major job centers, including Downtown, Galleria, and The Medical Center. - 2018: #1 Individual Agent, Keller Williams, Houston To top the list of benefits is the likelihood to live near notables like members of the 2000 Little League Championship team or Dennis Quaid. The population was 31,292 at the 2019 census. It is located in Bexar County. Furthermore, certain areas command a premium. She was appointed by the mayor of Houston to be on the downtown TIRZ board. The area contains several ofHoustons Most Expensive Neighborhoods. Initially developed in the early 2000s, Chapel Creek also has homes built as recently as 2012 or newer. Once you're done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from richest to poorest. Houston is the city with the second most billionaires with the highest combined net worth in Texas. Out of the many regions, here are the 10 wealthiest neighborhoods in Texas according to the demographics recorded in the 2010 United States census. Related: The 10 Most Expensive Places to Live in Texas. Some of these schools include Memorial High School, Memorial Drive Elementary, and Kinkaid School. The city also has one of the lowest unemployment rates in Texas at just 8.0%. River Oaks features premier living, notable schools, and accessibility. Now a look at how all the neighborhoods in Dallas ranked. But where exactly in Dallas do the richest of the rich people live? PROXIMITY TO HOUSTONS BEST RETAIL: Afton Oaks is just across from The Galleria, which has over 350 retail stores and establishments. Therefore, well-known schools are accessible in the area. With a mean household income of $510,848, it is home to some of the country's leading hedge fund managers and financiers. 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