You probably know that the housing market in Houston is booming. In fact, the city leads the nation’s fastest-growing markets. But where exactly should you buy a house? How do you find a great deal? And how can you make sure your new home is perfect for you and your family?
Buying a home isn’t easy. There are many hidden costs to consider and lots of different factors to think about. To make things even more complicated, real estate market dynamics are constantly shifting. However, with the right Houston Realtor, they can help guide you through the whole process.
New neighborhoods open up while others change completely. So it’s critical to understand all of your options before investing in a piece of property. In this blog post, we’ll cover everything you need to know about buying a home in Houston and the surrounding area.
Read on for insider tips on what makes each area special, advice on where to look for homes available at an affordable price point, and some useful information about how much you can expect to pay based on which neighborhood you choose as your next home.
NRH – A Brief History of the Neighborhood
First, let’s talk about history. In most of the city, it’s important to know about the neighborhood’s past and what the current real estate landscape looks like to understand the future. There are a few different neighborhoods you should pay attention to.
The first is Near Northside (or NRH). This area used to be one of Houston’s most dangerous parts, but it’s undergone a dramatic transformation in recent years. Now it’s a bustling, creative hub that attracts young entrepreneurs. Near Northside is home to a lot of affordable housing options.
There are affordable one-bedroom apartments and affordable two-bedroom apartments. Plus, there are affordable two-bedroom townhouses. There are also a few things that make Near Northside particularly appealing.
It’s right next to Downtown Houston, the Houston Ship Channel, and the University of Houston. Plus, it’s just a few minutes away from Houston’s Medical Center.
The Mid-Rand District is another great option. This neighborhood is technically southwest of NRH, but it’s close enough to make it a good alternative. You’ll find many Mid-Rand properties available for less than $300,000.
The Mid-Rand District sits along the Southwest Freeway (U.S. Highway 59). It’s just 10 minutes from Downtown and is close to the University of Houston, Texas Southern University, and the Medical Center. Plus, this neighborhood is just a short drive from the George Bush Intercontinental Airport.
You’ll find a diverse range of housing options in the Mid-Rand District. There are affordable one-bedroom apartments and affordable two-bedroom apartments. Plus, there are also affordable two-bedroom townhouses.
River Oaks; One of Houston’s Most Prestigious Areas
Next, let’s talk about one of the most elite Houston neighborhoods: River Oaks. This area is one of the priciest places to buy a home in the city. But if you can afford it, you’ll get one of the most prestigious addresses around!
River Oaks is just north of Downtown and lies along Buffalo Bayou. It’s located just west of the Medical Center and is home to some of the most expensive real estate in Houston. The average home price in River Oaks is $2 million. That’s not surprising, given the area’s scenic setting along the bayou and its proximity to the Medical Center.
Finally, we’ll talk about The Heights. This neighborhood is just northwest of NRH and is one of the most rapidly growing parts of Houston.
While The Heights is a little more expensive than the Near Northside, it’s a great option for anyone who can’t afford to buy in River Oaks. The average home price in The Heights is $300,000. The Heights is a popular area for students, artists, and young professionals. Many of the homes in this neighborhood are bungalows built in the 1920s and 1930s.
They’re close to Downtown and just a short drive from the Galleria Mall and the Texas Medical Center.
Greater Third Ward
The last neighborhood we’ll talk about is the Greater Third Ward. This is one of the fastest-growing parts of the city, and it has lots of great amenities nearby. The Greater Third Ward is just south of Downtown and is close to the University of Houston, Texas Southern University, and the Medical Center.
This area is one of the most ethnically diverse parts of Houston, and it’s home to many young professionals who work Downtown. Lots of people are attracted to the Greater Third Ward because it’s close to Downtown and has many affordable real estate options.
There are a lot of things to love about Houston, and the real estate market is one of them. With so many different neighborhoods to choose from, and with a top real estate agent, you’re sure to find a perfect place to call home.
If you’re looking to buy a home in Houston, keep these five neighborhoods in mind. They’re each unique and affordable. Plus, they’re close to many of Houston’s most exciting attractions.