Homes for Sale in Houston, TX: What You Need to Know
Affectionately known as the Magnolia City, Houston, Texas has recently experienced an influx migration. Houston is a notoriously affordable city when compared to other larger cities. The job market is prosperous, attracting those interested in furthering their career. Students are equally attracted to Houston, with the countless renowned universities. Visitors interested in sight-seeing will have plenty to do. And for any visitor seeking to become a resident, there are excellent neighborhoods in and around the metro-area to settle.
Houston Real Estate: The Cost of Living
The median home price of a house in Houston is $363,656; all housing expenses here are 5% higher than the national average. The gas per gallon is $2.54, which is 3% lower than the national price. Healthcare in Houston is 9% lower when compared to the national average. Texas has no personal income tax, so those interested in moving to the state can enjoy that perk.
A Strong Job Market
Houston is home to many major industries, the main ones being advanced manufacturing, energy, transportation and logistics, and life sciences and biotechnology. Houston houses the largest medical center in the whole world; medical students come from all over to work at the Texas Medical Center. 360,000 people are employed in Houston’s health care industry.
There are 22 Fortune 500 companies with headquarters in Houston. The highest-ranking one is Philips 66, listed at 23 and having brought in $114.2B last year.
Schools in Houston
Houston has the seventh-largest school district in the country, with 288 public schools in the metro area alone. The big educational draw in Houston is the universities; students and professors alike travel from all over the globe to attend top tier schools like University of Houston and Rice University.
Things to Do Around Houston
There is something for everyone in Houston. The museum district is rich with culture, full of 19 different museums all within 12 blocks. On Thursdays, most museum entrances are free.
The theatre district is another great stop. Downtown’s top theatres are all within one block radius. If traveling with a child, the Downtown Aquarium is a real treat with more than just fish – there is an excellent white tiger exhibit and Ferris wheel.
Know Your Neighborhoods
Houston is a fantastic city, and the individual neighborhoods are no exception. University Place, Memorial, and Clear Lake are Houston favorites.
Home to 16,000, University Place offers residents a nice blend of urban and suburban. Young professionals, in particular, have settled here, possibly because of the excellent public schools. The median home value is $769,738 and just over half the residents own their homes. The median rent is $1,443.
Memorial is another fantastic neighborhood with an urban/suburban mix. A good portion of the 43,000 residents is families, again because of the stellar public schools. The median home value is $550,404 and just over half the residents own their homes. The median rent is $1,710.
Clear Lake is home to 57,000 residents, many of whom are families and young professionals. Residents enjoy a dense suburban environment with top-rated public schools. The median home value is $214,515 and just over half the residents own their homes. The median rent is $1,315.