With the median household income of the residents of these cities, you will need to have a bank account like Larry Ellison to live there. Piney Point Village has a population of 3,425 residents. Out of the many regions, here are the 10 wealthiest neighborhoods in Texas according to the demographics recorded in the 2010 United States census. ACCESSIBLE LOCATION AND EASY COMMUTE: The district is nestled between two major employment centers and allows easy access to I-45 and Highway 59. It is a gated neighborhood that sits along White Rock Creek, and it is close to the Bent Tree Country Club. It is a neighborhood that attracts affluent families, as the Highland Park School District falls within the boundaries of this neighborhood, and it is one of the most highly rated schools in Texas. A. Jayson Adair, $1.0. Texas is ranked twenty-fifth among US states by median household income, with a per capita income of $19,617 (2000). An NBC affiliate reports that nearly 60% of the businesses in the DeSoto, Texas, suburb are owned by African Americans. West University also goes by The Neighborhood City as it exudes a small-town look that makes West University homes for sale highly desired. All of the wealthiest neighborhoods in America on Bloomberg's Richest Places Index have average household incomes over $300,000. - 2016: Americas Best Real Estate Agents, RealTrends.com Yorktown. MEMORIAL PARK GOLF COURSE: The John Bredemus-designed course has a 73-course and 122-slope rating. However, the property prices range from just under $900,000 to a staggering $19.5 million. 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. PREMIER NEIGHBORHOOD: Southampton has luxury homes and vintage bungalows. With all of this and more, its no wonderMoneymagazine recently ranked Flower Mound as the nations fourth Best Place to Live for 2021-2022. TOP-RATED SCHOOLS: Zoned to Houston ISD, the neighborhood students may attend Briargrove Elementary, an International Baccalaureate (IB) World School that serves the community. Lakeway. PROXIMITY TO THE MED CENTER: Braeswood is minutes away from the Texas Medical Center, one of Houston's leadingemployment centers. Highland Park - $211,136. Hunters Creek Village is another one of the wealthiest cities in Texas. Boulevard Oaks' community works to preserve the area by restoring older homes and adding modern features. This small town of just 9.324 km, has a population of about 18,815 people. Luxury homes are generally conserved with manicured lots. According to Home Snacks, the median household income in this neighborhood is $114,929. The first residents of the city used it for agricultural purposes. Its population was 4,878 from the 2010 population census. It is also nestled along Zip Code 77024, one of Forbes' "America's Most Expensive Zip Codes.". River Oaks Shopping Area stands nearby major thoroughfares, including Katy Freeway (I-10), Loop 610, and Southwest Freeway (US 59). Each member is a specialist in their role which is why our homes sell faster and for more money than average. 1. 10 Everglades Club - Palm . I have compiled a list of the top 10 richest cities in Texas according to their median household income. Hunters Creek homes for sale fetch $2M as the median sales price. TOP-RATED SCHOOLS: The Woodlands is zoned to Conroe, Klein, Magnolia, Spring, and Tomball ISDs. It has a per capita income of $69k, which is more than double the state average. It is a southwestern city in Harris County, Texas, United States. EXCLUSIVITY: This gated community is one of the Most Expensive Neighborhoods in Houston. The area is popular for its vintage ranch-style homes and sprawling estates. While many of the jobs in Prosper are likely filled by commuters, there are some opportunities for employment within the city limits. Ranking for richest places can best be done by using the median household income, poverty rate, unemployment rate, and not how rich the residents are. TOP-RATED SCHOOLS: Braeswood is zoned to some of Houston ISD's best schools, including Twain Elementary, Pershing Middle School, Bellaire High School, and Lamar High School. Rice Military borders the north side, while Upper Kirby is on the southwest of the neighborhood. Bellaireis located in southwest Harris County. And, with a local per capita income of roughly $128k, this area is ideal for individuals interested in a wealthy lifestyle. SHOPPING, DINING & ENTERTAINMENT: With the River Oaks Shopping Center at its heart, the area boasts convenient access to retail shops, restaurants, and entertainment venues. - 2017: Americas Best Real Estate Agents, RealTrends.com The average home in this community costs $1.66 million. 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 Clear Creek Independent School District, considered one of Texas's highest performing large school districts, serves most of the neighborhood. All Rights Reserved. For more Dallas reading, check out the best neighborhoods in Dallas and the worst neighborhoods in Dallas. The surrounding landscape can also make a difference to the desirability of an area. Laveen. 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. LUXURY HOMES: Boulevard Oaks is home to some of Houston's Most Expensive Mansions. However, it is important, Read More Want to Be a Landlord? To qualify for this list, the neighborhood must have at least 15 home sales in the past year. In 2018, Paradise Valley reported only three violent crimes, making it among the lowest crime rate in . 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. Highland Park is one of the most affluent areas in north Dallas. NEAR SHOPPING AND DINING AREAS: The Hedwig Village community, unlike other communities, allows businesses within its neighborhood. Population 30,403. 2021: Best Real Estate Teams in America, RealTrends.com Parts of the University of the Incarnate Word were in Alamo Heights. Telfair inhabitants can enjoy a 70-section of land lake and park framework for relaxation. Trails along the lakeshore connect East Shore parks. Located only minutes from downtown Houston, West University Place is an affluent, highly-sought after neighborhood. 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. PROXIMITY TO BUSINESS: The neighborhood is just off to Galleria/Uptown area and Upper Kirby/Greenway Plaza. The median home value in Alamo Heights currently sits at $717,819 and the median household income of $141,048. to 50,000 sqft. As a result, it is no wonder that a lot of people are interested in becoming landlords. So many families are making six figures in Bellaire and one of the reasons for that is because it is located very close to Houston which means that there are tons of good jobs that are brought into the city by way of Houston companies such as Mattress Firm and Designer Mattress Warehouse. The typical home costs $615,000 with a median household income of $124,375- both higher than the state averages as well. is located in southwest Harris County. The median family income in Celina is $112,375, which is one of the highest in Texas. The population was 31,292 at the 2019 census. It is home to major employers like Chevron, JP Morgan, and ExxonMobil. 2022: #1 Residential Real Estate Team by Sales Volume, Houston Business Journal In addition, weve included a bit about each city to give you an idea of what makes it so successful. The Crestwood/ Glen Cove area is one of Houston's top luxury neighborhoods. The Memorial Villages (Piney Point and Hunters Creek) are north of Briargrove. West University Place earned first place from the wealthiest city in Texas list. The neighborhood with the highest median income, University Park, was named the richest neighborhood in Dallas. Bouldin Creek. As of 2011, West University Place has the fifth-highest fraction of households with incomes $250,001 or greater. Contact us for a custom list of homes in these areas and make your Houston real estate investments worth it! Its relatively low poverty rate also tends to make Southlake an expensive area, with home prices averaging around $1.1M. 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. 78746, Austin Median listing price: $2 million Average sales price: $2.93 million Right next to 78733 is the 78746 zip code, which includes West Lake Hills, Rollingwood, and parts of the City of Austin. Some homes feature brick cottages and Georgian homes. OUTDOOR AMENITIES: Bunker Hill Village boasts several open-air recreational amenities. A team approach handles these parts separately, increased foot traffic through more timely and effective showing schedule coordination; and. These neighborhoods are largely residential, featuring single-family homes with generous lot sizes between 8,000 to 10,000 square feet. Glen Abbey is a neighborhood that will suit those who prefer modern developments to areas with period properties, as it was only developed in the early 2000s. 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. Apart from Alaska, Texas dominate the entire South-central segment of the nation and it stands without any rival as the biggest state in the area. Each Houston Properties Team member is a specialist in their rolewhich is why our homes sell faster and for more money than average. 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. River Oaks is a large enough neighborhood with multiple zip codes. Terrell Hills, located in Bexar County made it to fifth place. Goods and services in Southlake are about 21% more expensive than they are nationwide on average, and housing costs in particular which account for about 34% of typical household spending are close to double what they are nationwide. During the era of World War II, four major countries designed the economy of Texas historically, also the cattle industry stands as a major economic driver for the State before and after the US civil war. With all of this and more, its no wonder. There are large wooded grounds and well-kept front/backyards in the neighborhood. The median household income in Southlake is $240,248 and the median home value is $1.3M. Here are the 27 billionaires from Dallas-Fort Worth that Forbes highlighted in its report, along with their estimated net worth, ranked in order of ascending wealth: 27. SUPERIOR LOCATION: A city within a city, Bellaire is mostly bordered by 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. A total of 18 billionaires live in Dallas with a combined net worth of $57.9 billion. 2020: #1 Individual Agent, Keller Williams, Texas (Top Keller Williams Realtor) This includes the Houston Zoo, the Houston Garden Center, and a golf course. Ten-year appreciation rates compare 2010 to 2020 and are based on the median sales price. PARKS & RECREATION Located in the heart of Buffalo Bayou, the River Oaks Shopping Area allows residents to enjoy the various hiking, walking, and bike trails in the vicinity. Another expensive neighborhood in Frisco, homes in Chapel Creek range from approximately $850,000 to over $3,000,000. Buying or selling a home within the best neighborhoods in Houston can be very tricky. And that my friend, is more 0s than most of us will see in our bank account for a long, long time -- if we ever get that lucky. 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. Highland Park is one of the richest cities in Texas with a per capita income of $149,069 and a median household income of $211,136 as of 2019. Barton Creek. Dana has extensive professional writing experience including technical and report writing, informational articles, persuasive articles, contrast and comparison, grant applications, and advertisement. Houstons economy is driven by the oil and gas industries, tourism, manufacturing, and health care. According to Investopedia, the richest neighborhood in Houston is Piney Point Village, where the median house price is $1,784,461. Russwood Acres is a highly desirable neighborhood in Dallas, where the median listing price is $1.28 million. if(window.innerWidth<700){ezoicSiteSpeed(jQuery(document),String(/documentReady/).substring(1).slice(0,-1),String(/jQuery-document-dot-ready/).substring(1).slice(0,-1),function($){$("#skip_expand").html("(Expand+)");$("#toc ul").css("display","none");$("#skip_expand").on("click",function(){$("#toc ul").toggle()});$("#toc h3").on("click",function(){$("#toc ul").toggle()});});}. State: Texas. Many of Houstons most expensive neighborhoods are also, historically, the best performers in real estate appreciation. The 10 Most Beautiful Places to Live in Colorado, The 20 Best Places to Live in Nashville, TN, Tips on How to Use a HELOC To Buy Real Estate, Want to Be a Landlord? 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. Trophy Club is another one of the richest cities in Texas that is known for its acres of greenspaces, parks, golfing communities, and lake access. It exhibits strong appreciation rates every year. Fair Oaks Branch can be found in three counties in the United States- Bexar County, Kendall County, and Comal County. It's a great opportunity for buyers. The city is also perfect for health-conscious individuals who prefer a wealthy community of tightly-knit individuals. These are the wealthiest neighborhoods that Dallas has to offer. 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. 1. COVID-19 also had an undeniable impact on home sales. 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. If youd like to see any neighborhoods, master-planned communities or subdivisions added to this bi-annually updated watch list, please let us know. What's the richest neighborhood to live in Dallas for 2022? 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. 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. Today, the city takes pride in a variety of scenic walking trails, golfing communities, kayaking trips, live music festivals, and more. It has Bellaire to the west, Southside Place to the south, and Houston to the east and north. Its also one of the safest places to live in Texas and has very low crime rates. The median household income is $121,370. Alamo Heights is a small city that covers just 4.77 km of land and has a population of about 8,374 people. According to D Magazine, the median household income is $511,549, which is the second-highest of all the Dallas Fort Worth neighborhoods. The woodlands of Sugar-land in the Metropolitan area and its nicknamed as the The Neighborhood which is a bedroom community for Zenith class households mainly. OUTDOOR RECREATION: Most areas can access many trails like Seymour Lieberman Exertrail and Picnic Loop. Most Expensively 2023. Mostly known for his electric car company Tesla, space exploration company SpaceX and his recent acquisition of Twitter, Elon Musk has his eyes set on a new income stream deriving from real estate . 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. GREAT LOCATION: Briargrove has the Galleria/Uptown area to the east. Vibrant and highly accessible, the Museum District is one of Houstons premier cultural and art centers. Texas. Get the advice of our luxury realtors - we care more. population was estimated at 18,593 from its 2016 population census reports. The Memorial Villages comprises six distinct villages: Hunters Creek,Piney Point,Hedwig,Bunker Hill, Spring Valley, and Hilshire. The upscale Houston gated community of Caceres is a few minutes from the area. And then you have the wealthiest neighborhoods, where no one can afford to live. 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