RETAIL AND ENTERTAINMENT: The neighborhood provides easy access to around 200 restaurants, cafs, and bars. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. The residents of Trophy Club are typically well-educated professionals, with 97.1% holding a bachelors degree or higher. GREAT LOCATION: Briargrove has the Galleria/Uptown area to the east. The Clear Creek Independent School District, considered one of Texas's highest performing large school districts, serves most of the neighborhood. Big Sky, Montana; Jackson Hole, Wyoming; Aspen, Colorado; Park City, Utah; and Lake Tahoe, California are seeing increased sales amid the Covid-19 pandemic, as wealthy residents flee cities in . Houston's Most Expensive Neighborhoods Ranked Houston's Most Expensive Neighborhoods Ranked Ranked guide to Houston's most expensive neighborhoods Despite recent events, many of Houston's top neighborhoods have been consistently listed among the wealthiest areas in the nation. Editor's Note: We updated this article for 2022. - 2018: Americas Best Real Estate Agents, RealTrends.com 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. 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. Perfect for anyone interested in a big-city lifestyle, this area is home to an abundance of highly acclaimed restaurants, shopping centers, and luxury neighborhoods. Likewise, an active civic organization enforces deed restrictions in the area. - 2016: #1 Individual Agent, Keller Williams, Texas And by no one, we really mean you because there's always someone richer than you. This includes the Houston Zoo, the Houston Garden Center, and a golf course. Whereas the Wet climate featured with cotton tied to the old South is associated with West Texas, the East on its own is known for its dryness characterized by an affinity and ranching of cattle. Trails along the lakeshore connect East Shore parks. Due to the neighborhood's deed restrictions, Braeswood Place is mainly made up of detached single-family homes. Other areas of interest are the Seymour Lieberman Exercise Trail and the Houston Arboretum and Nature Center. Rosedale. ACTIVE HOMEOWNERS ASSOCIATION: Briargrove's HOA enforces the community's deed restrictions. Highland Park is one of the most affluent areas in north Dallas. Those who live in Bluffview can probably afford the high property prices. Hunters Creek Elementary and Memorial High are National Blue Ribbon Schools. The Richest County in Texas is Rockwall County with a median household income of approximately $103,000. Some homes in the area are served by top-ranked schools in the US. Hunters Creek Village is another one of the wealthiest cities in Texas. Southside Place homes posted great real estate and land value appreciation (with West U) in the past decade. The neighborhood benefits from security patrols 24 hours a day and seven days a week. This city is majorly for people of the upper class. Hunters Creek Village is located in the Greater Houston metropolitan area and is home to just over 5,000 wealthy residents. 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. - 2017: #1 Individual Agent, Keller Williams, Houston River Oaks is located within the Inner Loop and is one of the most exclusive neighborhoods in the United States. Population 239. River Oaks Shopping Area stands nearby major thoroughfares, including Katy Freeway (I-10), Loop 610, and Southwest Freeway (US 59). 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. Here are the 10 richest areas in Dallas, Texas. Forget Beverly Hills. Residents can also take a short drive to Montrose, Downtown, or Upper Kirby for more options. In most cases, the more desirable an area, the higher the cost of buying property in that neighborhood. EXEMPLARY SCHOOLS: The village is zoned to some of the best public schools in Houston. 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. Apart from the wealthy person vibe gotten from such cities, there are other numerous benefits to boast of. 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 . 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. - 2019: Americas Best Real Estate Agents, RealTrends.com (See Income Needed To Live In Houstons Top Neighborhoods). Russwood Acres is a highly desirable neighborhood in Dallas, where the median listing price is $1.28 million. Old Enfield is the richest neighborhood in Austin. 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. 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. Piney Point is recognized as the wealthiest town in Texas based on its annual average income. Additionally, its top-rated school systems and low crime . 1. PROXIMITY TO RETAIL HUBS: Southside Place has Braes Heights Shopping Center. The area contains several ofHoustons Most Expensive Neighborhoods. Most of its residents are employed as civil servants in the school since The West U is a learning institution. She also enjoys creative writing, content writing on nearly any topic (particularly business and lifestyle), because as a lifelong learner, she loves to do research and possess a high skill level in this area. Southside Place has its police and fire departments. There are large wooded grounds and well-kept front/backyards in the neighborhood. It stands as the fourth richest city in the US when compared to its rate of poverty as 2.5% with $189,432 as of its household income. It features some of the most expensive real estate in Houston. A new list from data provider HomeSnacks ranks Terrell Hills as the richest place in . Amenities may include private balconies, valet and concierge services, and reserved parking. We have dedicated people doing staging, marketing, social media, open houses, and showings. When there is reduced unemployment and poverty rate, the future of the city is given a richer look. Paradise Valley is the safest place to live in Phoenix. MULTIPLE PARKS: The area is home to several parks and outdoor entertainment areas. This high homeownership cost leads most residents to rent homes rather than purchase them outright. 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. It is a city located within a Bexar, in Comal, and within a Kendall County in the Texas State of United States. The high housing costs likely contribute to the low homeownership rate of 59%. The city is zoned to the highly-regarded Spring Branch ISD and is home to two National Blue Ribbon schools: Bunker Hill Elementary and Frostwood Elementary. - 2015: #1 Individual Agent, Keller Williams, Houston The city is also home to many large companies, including Sabre Holdings, Neiman Marcus, and Santander Consumer USA. Initially developed in the early 2000s, Chapel Creek also has homes built as recently as 2012 or newer. Its no secret that Texas is big, but its probably not the first thing that comes to mind when you think of this state. It is strategically located near Woodland's Town Center and has a spectacular view of Lake Woodlands. The River Oaks Country Club is approximately one mile away from the neighborhood. Parts of the University of the Incarnate Word were in Alamo Heights. In economy, Bellaire City has light industrial, mixed-use of public and private uses and then the commercial properties. Hunters Creek homes for sale fetch $2M as the median sales price. These richest cities in Texas have five-star amenities, high-end stores, exclusive swimming pools, grand schools, and they are safe. HomeSnacks is reader-supported. Its per capita income ($159k) and average home prices ($2.3M) are some of the highest in all of Texas, keeping Hunters Creek Village a frontrunner for luxury living. We have reviewed over 400,000 home sales over the last 10 years to get a list of 2022's most exclusive neighborhoods. The population was 9,944 at the 2019 census. When you click through real estate links on our site, we earn an affiliate commission. LUXURIOUS HOMES: The community features single-family homes in many architectural styles, from ranch styles to new custom-built ones. 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. 24/7 SECURITY: Boulevard Oaks has private security provided by the Houston Police and Harris County officers. That would be Northwest Dallas. Prosper is also home to the majority of the wealthiest 1% of Texans: 0.5% of its households earn more than $1 million a year, which is considerably higher than the states 0.2% share. Its population was 4,878 from the 2010 population census. NEAR SHOPPING AND DINING AREAS: The Hedwig Village community, unlike other communities, allows businesses within its neighborhood. - 2018: Texas Most Influential Realtors Thus, a variety of amenities are accessible to the neighborhood. Texas. Some popular attractions include Armstrong Park and Glencoe Park, which have playgrounds and picnic areas. Now a look at how all the neighborhoods in Dallas ranked. Southlake became a boom-burb afterward. Paradise Valley is also Arizona's wealthiest municipality and has often been dubbed the Beverly Hills of Arizona. OUTDOOR RECREATION: Most areas can access many trails like Seymour Lieberman Exertrail and Picnic Loop. EXCLUSIVITY: The Afton Oaks Neighborhood is home to some of Houston's most expensive properties in Houston. Briargrove is known for its ranch-style homes on large wooded lots. Ten-year appreciation rates compare 2010 to 2020 and are based on the median sales price. Four miles away from Downtown Houston, while less than 5 miles away from the Galleria. (Read Income Needed To Buy A House in Houstons Best Neighborhoods.). The upscale Houston gated community of Caceres is a few minutes from the area. 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. The schools have won many awards and accolades. It is home to major employers like Chevron, JP Morgan, and ExxonMobil. The cities of Houston and West University place surrounded Bellaire City in Texas. The area also boasts great access to premier private schools. By area and population, Texas stands as the second-largest state in the United States of America. The name of the city was derived from was from Ralph Fair Sr., who acquired it in the 1930s. Sectioned to either Houston's Top Suburbs or Inner Loop's Best Neighborhoods. Highland Park The richest city in Texas is Highland Park. Bellaire, a city of $206,734 median household income ranked fourth. 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. It was opened in the 1920s. - 2017: #10 Individual Agent, Keller Williams, Worldwide The population was 15,603 at the 2019 census. The residents can enjoy the area's tree-lined streets, expansive lots, and well-kept grounds. 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. Piney Point Village has a population of 3,425 residents. Alamo Heights ranked seventh, Fair Oaks Ranch ranked eighth, Celina ranked ninth, and Melissa took tenth place on our list of richest cities in Texas. The daily life of a wealthy San Antonio resident can include a $4,000 annual golf . Moreover, homeowners can enjoy many retail stores, dining establishments, cafes, and entertainment venues around the area. Preston Hollow is a neighborhood in North Dallas close to University Park. 2020: Americas Best Real Estate Teams, Best of America Trends But where exactly in Dallas do the richest of the rich people live? Most of those who do own their homes have paid them off: 66% of homes are owned without a mortgage compared to 46% nationwide. The community has a small-town feel, but with all the benefits of being close to a big city, including top-notch schools, restaurants, and entertainment, making it is ideal for young families. Terrell Hills (San Antonio) Population: 5,371 Rank last year: 1 Median household income: $181,979 Unemployment . It is a southwestern city in Harris County, Texas, United States. - 2016: Five Star Realtor, Featured in Texas Monthly Buckeye. Approximately 746 residents live in Hilshire Village . Texas is generally sub-grouped into two broad ways, which are the East and the West. These are Lamar High, Lanier Middle, and Poe Elementary. Flower Mound is another of the richest cities for environmentalists and nature lovers alike. Paige Martin, Broker Associate with Keller Williams Realty, and the Houston Properties Team are ranked among the top residential Realtors in the world. In economy, Bellaire City has light industrial, mixed-use of public and private uses and then the commercial properties. This keeps local incomes stable ($84k) and local poverty rates below 1%. The homes in this area are predominantly large, detached houses that sit on substantial lots along tree-lined avenues. Of Dallas residents with a minimum 10-figure net worth, Jerry Jones is the wealthiest, worth an estimated $8.7 billion. In fact, Highland Park is the most affluent city in Texas and the 7th . North Gateway. 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. 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. This site uses Akismet to reduce spam. Southlake is known for its high-income households. Its unique combination of bustling local businesses, boutiques, restaurants, coffee shops, and bars gives this area a general air of fortune. The typical home costs $615,000 with a median household income of $124,375- both higher than the state averages as well. 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! Tanglewood is an affluent neighborhood located just outside Loop 610. SPACIOUS LOTS: Briargrove homes sit on mid-to-large-sized lots by Houston standards. EXCELLENT LOCATION: Ideally situated near the Uptown area and the Galleria, the neighborhood offers proximity to business and retail districts in Houston. 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. Terrell Hills (San Antonio) Population: 5,371 Rank last year: 1 Median household income: $181,979 Unemployment. In case you're wondering, the cost of living average for all cities across the nation is 100. The median home value in Alamo Heights currently sits at $717,819 and the median household income of $141,048. The city also has one of the lowest unemployment rates in Texas at just 8.0%. Southlake is located in northeast Tarrant County and includes part of northwest Dallas County. That means that smaller communities like Piney Point Village, which has an average home price of over $3 million, were excluded as they had a population below 5,000. When Does a Seller Get Their Money After Closing on a House. The median home value in the city is $623,500, more than 3 times greater than both in Texas and the nation overall. - 2017: Americas Best Real Estate Agents, RealTrends.com Near the city's major job centers and entertainment hubs. Laveen. 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. Thus making Piney Point homes ideal for families looking to settle down in a tranquil setting. The average median household income has increased 12% over a five-year period to $126,966 in 2018 from $112,255 . PREMIER NEIGHBORHOOD: Southampton has luxury homes and vintage bungalows. They provide 24-hour security. All rights reserved. Circle C. Flickr/Lars Plougmann. ACCESS TO PREMIER SCHOOLS: Piney Point Village is zoned to the Spring Branch ISD and the Houston ISD. The poverty rate is only 0.67 percent. We aim to deliver bite-sized pieces of infotainment about where you live. 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. - 2016: #1 Individual Agent, Keller Williams, Houston We've included the summary real estate statistics for Houston's Most Expensive Neighborhoods. The benefits of working with a team include: To meet all the award-winning members of the Houston Properties Team, please go here. Although the property price range in Forest Court is quite broad, with houses costing anything from under $500,000 to $7.5 million, the median price is $2 million in this neighborhood. The city was founded by the president of the South End Land Company, William Baldwin Wright. TOP SCHOOLS: Among these Inner Loops best schools are Lamar High, Lanier Middle, and St. George Place Elementary School. The West University State of Texas is commonly known as the The West U. These are the wealthiest neighborhoods that Dallas has to offer. Cities in this list were included if they had at least 5,000 residents. Grogan's Mill is also the home of one of the fastest-growing luxury neighborhoods in The Woodlands. Using census and extrapolated BLS data, we ranked every neighborhood based on income levels. Newly constructed custom-built homes are available as well. 2021: Top 100 Women Leaders in Real Estate of 2021 - 2016: Americas Best Real Estate Agents, RealTrends.com The per capita income in Melissa is $38,134, which is wealthy relative to Texas and the nation. Tenth Street Historic DistrictDallas, Texas . Highland Park was formerly owned by some investors from Philadelphia. Mission is an agricultural center west. Alamo Heights is a small city that covers just 4.77 km of land and has a population of about 8,374 people. Newly available, Scout Vision Trends & Forecasts provide you this looking glass into every neighborhood in the United States. Olmos Park, Terrel Hills, Alamo Heights are all part of the three major cities. Population 36,649. Green spaces and pocket parks are well-placed throughout East Shore, and there are also 12 parks nearby. Median house prices in Mesquite, TX are $174,725, meaning Mesquite homes are much less expensive than the US median of $376,286. TOP-RATED SCHOOLS: Briargrove is zoned to the Houston Independent School District (HISD). Townhouses and condos rule this areas local real estate market, and an abundance of sidewalk space makes it easy for residents to walk or bike along the tree-lined streets. Shopping and dining are only a few minutes away from residents' homes. So without further ado, here are your top 10 richest cities in Texas! The Woodlands residents enjoy a 1,700-acre nature preserve and several lakes and ponds. The Houston Properties Team has a well-defined structure based on the individual strengths of each member. Despite recent events, many of Houston's top neighborhoods have been consistently listed among the wealthiest areas in the nation. 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. 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 . More than half of the street names in West University Place are allusions to universities, colleges, and poets. We analyzed a significant sample of cities with similar populations like Everett, WA and Bridgeport, CT, and found homes in Mesquite cost much less. 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%. - 2019: Top Residential Realtors in Houston, Houston Business Journal Bellaire, a city of $206,734 median household income ranked fourth. 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. Major corporations headquartered in Dallas include Atmos Energy Corporation, AT&T Inc., Comerica, Southwest Airlines Company, and Texas Instruments Incorporated. Most of the properties in Russwood Acres were built during the 1960s, so 60s architecture is prominent throughout the neighborhood. Where houses go for over 6.92x the national median and household incomes are 3.61x the national median. 16% higher than Fort Worth. Terrell Hills was named after a local bank president who served as a mayor of San Antonio, Dr. Terrell Frederick. The median household income in Melissa, TX is $118,348. It is between the Houston -sugar -land -Baytown. Are large wooded lots Country Club is approximately one mile away from the neighborhood benefits from patrols. Home value in the past decade professionals, with 97.1 % holding a bachelors degree or higher and... 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