Ideally situated between Grapevine Lake and Lake Lewisville, this city possesses some of the most stunning green spaces, walking trails, biking paths, and equestrian centers in the state. Some of the most popular neighborhoods for black residents include: Willow Bend, Preston Hollow, The Colony, and Murphy. Briargrove is known for its ranch-style homes on large wooded lots. The city is located in Tarrant County and is a suburb of Dallas Fort-Worth. - 2015: #9 Individual Agent, Keller Williams, United States The Federal Reserve just announced the largest interest rate hike in 28 years to address inflation. 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. While many of the jobs in Prosper are likely filled by commuters, there are some opportunities for employment within the city limits. Anchored by Yorktown High School and the Lee Harrison Shopping Center, it's one of Arlington's larger neighborhoods, consisting of more than 1,000 homes. 2. The 1,500-acre Memorial Park is just a few blocks away from the community. Neighborhood #1: Hunter's Creek Village On the top of our list is Hunter's Creek Village. Its unique combination of bustling local businesses, boutiques, restaurants, coffee shops, and bars gives this area a general air of fortune. VARIETY OF AMENITIES: Memorial City and Beltway 8 are near Piney Point village. In every city, there are desirable areas and locations that people want to avoid, and this applies to Dallas, Texas. An area that attracts wealth and stability, Flower Mound boasts an aesthetic community layout, high per capita income ($60k), and high average home values ($615k). So, there is a direct correlation between the richest areas and the most desirable. The median household income in Southlake is $240,248 and the median home value is $1.3M. Ideally situated between Grapevine Lake and Lake Lewisville, this city possesses some of the most stunning green spaces, walking trails, biking paths, and equestrian centers in the state. increased sphere of influence and exposure to more potential buyers. Where you'll find lawyers, and doctors, and business executives. It is a hub for large corporations, such as Sabre Holdings, Neiman Marcus, and Santander Consumer USA all of which help keep the local community well-employed. It is between the Houston -sugar -land -Baytown. The most impressive and desirable estates sit alongside the lake, and they are also the most expensive, costing up to $18.5 million. Land value appreciation in Highland Village is among the best in Houston. The cities of Houston and West University place surrounded Bellaire City in Texas. Alamo Heights is a highly coveted neighborhood with a population of 8,374 people. EXCLUSIVITY: This gated community is one of the Most Expensive Neighborhoods in Houston. By 1989, Nantucket had become some of the most expensive real estate in the world, while Bridgeport today is less expensive than the U.S. average. Highland Park The richest city in Texas is Highland Park. River Oaks is a large enough neighborhood with multiple zip codes. Let's take a look at the top wealthiest neighborhoods of San Antonio: 1. Hunters Creek homes for sale fetch $2M as the median sales price. The area is popular for its vintage ranch-style homes and sprawling estates. Median house prices in Mesquite, TX are $174,725, meaning Mesquite homes are much less expensive than the US median of $376,286. Southlake is predominantly city situated within the County of Tarrant with Denton County as its minor area by extension in the Texas State, United States. So without further ado, here are your top 10 richest cities in Texas! There are also many townhomes and condos available for rent or purchase for those looking for more maintenance-free living. Southlake is known for its high-income households. - 2015: Five Star Realtor, Texas Monthly Magazine Green spaces and pocket parks are well-placed throughout East Shore, and there are also 12 parks nearby. At an average of $741k, home prices in this area can be expensive more than double the states average. The Crestwood/ Glen Cove area is one of Houston's top luxury neighborhoods. With a population of 12,240 people, Hillside East is the tenth richest neighborhood situated in Anchorage, Alaska. Get 15% off CUTS T-shirts and sweatshirts by following the link https://cuts.team/peter Josh's Insta. With all of this and more, its no wonderMoneymagazine recently ranked Flower Mound as the nations fourth Best Place to Live for 2021-2022. Major corporations headquartered in Dallas include Atmos Energy Corporation, AT&T Inc., Comerica, Southwest Airlines Company, and Texas Instruments Incorporated. 2020: Best Houston Real Estate Team, Best of Readers Choice 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. Contact us for a custom list of homes in these areas and make your Houston real estate investments worth it! Lamar High School is one of the best schools that serve the area. Two well-to-do Dallas-area communities, Southlake and Highland Park secured second and third place consecutively. 2015-2023 Chasing Chains, LLC. Today, the city takes pride in a variety of scenic walking trails, golfing communities, kayaking trips, live music festivals, and more. Due to its central location and proximity to major local employers, white-collar jobs make up roughly 98% of the citys local market. For more Dallas reading, check out the best neighborhoods in Dallas and the worst neighborhoods in Dallas. North Gateway. There is varied architecture in this area, with examples of Tudor, Mid-century, Greek Revival, and Colonial Revival-style houses. magazine recently ranked Flower Mound as the nations fourth Best Place to Live for 2021-2022. Bellaire is surrounded by West University Place and Houston. Braeswood Place is located 6 miles from Downtown Houston. Newly constructed custom-built homes are available as well. Major employers like the Valero Energy Corporation and NuStar Energy help to supply the areas job market with high-yield professions. 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. Alamo height ranks the seventh on our list. 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. Over the last 10 years, many of Houstons top neighborhoods have been consistently listed among the wealthiest in the nation. 1. On average, homes in Preston Hollow cost $1.2 million. 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. - 2019: #1 Individual Agent, KW Texas More than half of the street names in West University Place are allusions to universities, colleges, and poets. 2021: Americas Top 100 Real Estate Agents Those who live in Bluffview can probably afford the high property prices. 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. 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. A schoolhouse that also served as a Methodist church was the first building that was constructed in the city. Where San Antonio's rich live and play. The districts appeal stems from several factors, including: CULTURE AND ARTS CENTERS: True to its name, the Museum District is home to 19 culture, arts, and scientific institutions. EXCELLENT LOCATION: River Oaks is one of the Hottest Neighborhoods in the Inner Loop. Living in Plano Dallas provides an excellent quality of life for African Americans. This keeps local incomes stable ($84k) and local poverty rates below 1%. 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: Top 25 Residential Realtors in Houston, HBJ 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. Celina was established in 1879 and named after the first postmaster town, Celina Tennessee. Old Enfield. Additionally, the citys stunning architecture and accessibility to downtown San Antonio make it a superb market for high-end living. I have compiled a list of the top 10 richest cities in Texas according to their median household income. It is a suburb of Forth Worth and well known for its Southlake Town Square and Public Schools which stands as its economic source. There are large wooded grounds and well-kept front/backyards in the neighborhood. MEMORIAL PARK: This urban park features the top-rated Memorial Park Golf Course as its key feature. The population was 31,292 at the 2019 census. The median household income growth rate is much higher than the state average rate of 31.76% and is much higher than the national average rate of 27.36%. The neighborhood was developed in the early 1900s, and it was designed by the same architect as Beverley Hills. Here's a look at the top 10 richest neighborhoods in Dallas out of 34 for 2022. These neighborhoods offer affordable housing, good schools, and plenty of amenities. T H Rogers School has 10 out of 10 great school ratings. The average median household income has increased 12% over a five-year period to $126,966 in 2018 from $112,255 . The average lot size ranges from 7,500 to 9,000 square feet. Melissa is a somewhat ethnically-diverse city. In economy, Bellaire City has light industrial, mixed-use of public and private uses and then the commercial properties. Southside, Houston, and Bellaire are the three cities that surrounded the The West U. Although the properties are modern, they have a traditional appearance, so they have plenty of character. The median price of properties in this neighborhood is $2.5 million. Fair Oaks Ranch is one of many American cities that features extremely expensive real estate. Flower Mound is another of the richest cities for environmentalists and nature lovers alike. It is nicknamed The Neighborhood City and is mainly a bedroom community for upper-class families. Preston Hollow is a neighborhood in North Dallas close to University Park. 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. The community enforces various deed restrictions and neighborhood maintenance. PROXIMITY TO RETAIL HUBS: Southside Place has Braes Heights Shopping Center. The vibe is family-friendly and the playground at Chestnut Hills Park (a Best of Arlington winner for "Best Playground") sees a lot of action, as do the athletic fields . Apart from the wealthy person vibe gotten from such cities, there are other numerous benefits to boast of. The city is located in. Memorial Park is also zoned to the Houston Independent School District (HISD). Bellaire, a city of $206,734 median household income ranked fourth. The residents are having occupations which made it have a low rate of unemployment. Its newly constructed luxury homes and vintage bungalows have price tags comparable to homes in nearby West U. And it is located in the United States of Texas and lies within Houston City. It is home to severalmedical-related institutions, organizations, schools, and hospitals. The large pay packet is necessary for anyone who aspires to live in this area, as the average price of a house is $1.4 million, although prices start as low as $525,000. Alamo Heights is one of the wealthiest cities within the San Antonio Metropolitan area. Bellaires population was estimated at 18,593 from its 2016 population census reports. It has the second largest number of museums in a contiguous area in the US. Amenities include resort-style pools, Mercer Arboretum, a playground, and grand rooms for events. The Royden/Afton Oaks area has approximately 700 homes. PROXIMITY TO THE MED CENTER: Braeswood is minutes away from the Texas Medical Center, one of Houston's leadingemployment centers. Residents can enroll in top-ranked schools like Woodlands College Park High and Knox Junior High. 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. According to One Girl Two Cities, the richest neighborhood in Dallas is Highland Park. north-central Collin County. Terrell Hills (San Antonio) Population: 5,371 Rank last year: 1 Median household income: $181,979 Unemployment. Where houses go for over 6.92x the national median and household incomes are 3.61x the national median. Notable residents. PROXIMITY TO HOUSTONS BEST RETAIL: Afton Oaks is just across from The Galleria, which has over 350 retail stores and establishments. In addition to being highly educated (almost half have earned at least a bachelors degree), Celina residents have an average commute time of only 12 minutes and enjoy excellent health with low obesity rates and high life expectancy rates. Multiple moving parts increase oversights. Bellaire, one of Houston's most popular neighborhoods, has a small-town vibe that blends nicely with its proximity to big-city comforts. The Crestwood/Glen Cove is popular for its: EXCLUSIVITY: Crestwood/Glen Cove real estate is among the most expensive in Houston. 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. 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. - 2018: #1 Individual Agent, Keller Williams, Houston Also, other parks through The Buffalo Bayou and Beyond initiative. The people who call Melissa home describe themselves as belonging to a variety of racial and ethnic groups. Two well-to-do Dallas-area communities, Southlake and Highland Park secured second and third place consecutively. TOP RANKED SCHOOLS: River Oaks homes are zoned to the Houston Independent School District (HISD). Residents shop at The Woodlands Mall, Market Street, Portofino Shopping Center, H-E-B, and The Woodlands Town Center. 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. Piney Point is considered a part of Houston's High-End Neighborhoods. 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. Due to the neighborhood's deed restrictions, Braeswood Place is mainly made up of detached single-family homes. While these areas tend to have lower crime rates and higher quality of life, it is primarily a map of the best areas by median home value in Richardson, TX. 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. The community is very walkable and tree-lined with beautiful homes and landscaping. A. Jayson Adair, $1.0. 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. 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. Hermann Park, located just a short drive away, offers more options. Texas is ranked twenty-fifth among US states by median household income, with a per capita income of $19,617 (2000). 2021: Top Real Estate Team (Houston Properties Team), Houston Business Journal We have dedicated people doing staging, marketing, social media, open houses, and showings. The median household income is $121,370. ACTIVE HOMEOWNERS ASSOCIATION: Briargrove's HOA enforces the community's deed restrictions. Dotting the area are upscale houses on manicured lawns. Metro Area: Houston-The Woodlands-Sugar Land Metro Area. According to Home Snacks, the median household income in this neighborhood is $114,929. Some popular attractions include Armstrong Park and Glencoe Park, which have playgrounds and picnic areas. Flower Mound is another of the richest cities for environmentalists and nature lovers alike. Southlake is located in northeast Tarrant County and includes part of northwest Dallas County. Population 36,649. Hilshire Village is a small city and neighborhood located in Harris County in Texas with a median income of $66,620. Terrell Hills (San Antonio) Population: 5,371 Rank last year: 1 Median household income: $181,979 Unemployment . The area enjoys large lot sizes compared to the standards in Houston. A deed-restricted neighborhood, Highland Village permits residents to feast a steady glance and feel in the village. The surrounding landscape can also make a difference to the desirability of an area. The poorest neighborhood? COVID-19 also had an undeniable impact on home sales. Galleria and Medical Center are only ten minutes drive. Houstons economy is driven by the oil and gas industries, tourism, manufacturing, and health care. With over $500M real estate sales, the Houston Properties Team is the #1 Boutique Real Estate Team in Houston. They have several schools with high ratings. It is one of the most prestigious neighborhoods in Texas, and it is home to the upscale Highland Park shopping village and the exclusive Dallas Country Club. This city got incorporated as Southlake in 1956 and this was after the construction of Grapevine Lake. The center of Dallas is 64 km southwest of Melissa. A few interesting trends stood out. Due to the diversity of the properties, the price range is also wide, with homes costing between $305,000 and $11.9 million. Photo by Matthew Rutledge on Flickr 78703, Austin Here are the 10 richest areas in Dallas, Texas. Median home prices and household incomes vary. In 1845, Texas joined the state of the Union. Laveen. This allows residents to have pleasant and tranquil surroundings. 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 . Distinguished builders like Connor Davis and Taylor Morrison worked on East Shore homes. The Woodlands residents enjoy a 1,700-acre nature preserve and several lakes and ponds. - 2014: Americas Best Real Estate Agents, RealTrends.com Additionally, its top-rated school systems and low crime . Map of 25 Wealthiest Zipcodes in Texas Based on Average Adjusted Gross Income. Please contact us for more data or an analysis of which areas may be best for you. Dana has extensive professional writing experience including technical and report writing, informational articles, persuasive articles, contrast and comparison, grant applications, and advertisement. The first residents of the city used it for agricultural purposes. Because of its increased exportation rate, it has stood to be the second-highest gross state product. Arlington Heights. The name of the city was derived from was from Ralph Fair Sr., who acquired it in the 1930s. We've included the summary real estate statistics for Houston's Most Expensive Neighborhoods. It is one of Houston's Most Expensive Neighborhoods along Southwest Freeway. Hillside East, Anchorage, AK. Bellaireis located in southwest Harris County. EXCELLENT LOCATION: Piney Point contains some of the city's most prestigious real estate. HISTORIC ARCHITECTURE: Homes in Boulevard Oaks feature a wide array of architectural designs. It is a gated neighborhood that sits along White Rock Creek, and it is close to the Bent Tree Country Club. There are many reasons they the Peach State is also known as the Empire of the South. To help answer the question where can I afford to live in Houston?, we analyzed median home prices for 52 top neighborhoods and estimated salary requirements to live in each. Each member is a specialist in their role which is why our homes sell faster and for more money than average. Curious about how much annual income is needed to buy a home within Houston's top neighborhoods? WELL-MAINTAINED COMMUNITY: The Afton Oaks Civic Club handles common area maintenance, deed restriction enforcement, and other services like additional security. SPACIOUS LOTS: Briargrove homes sit on mid-to-large-sized lots by Houston standards. The Memorial Villages (Piney Point and Hunters Creek) are north of Briargrove. In terms of revenue, Texas has been a leading state in exportation since the year 2002. Move over, Manhattan. With a mean household income of $510,848, it is home to some of the country's leading hedge fund managers and financiers. Located 28 miles north of Houston, The Woodlands is one of Houstons Best Suburbs. Georgia has some of the best, Read More The 20 Safest Places to Live in GeorgiaContinue, Rental properties can provide their owners with a steady stream of revenues over time. 16 %. All median Houston home sale information was sourced by the HAR MLS database. The median household income in Melissa, TX is $118,348. The median price of properties in this neighborhood is $2.5 million. 11 Highland Park - Dallas, Texas. Paige Martin was just ranked as the #5 agent in the world with Keller Williams, completing over $1 Billion in Houston residential real estate sales. Southside Place has its police and fire departments. And by no one, we really mean you because there's always someone richer than you. Loop 610, Buffalo Speedway, Braeswood Boulevard, and Main Street are only minutes away. 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. 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? 1. The area also boasts great access to premier private schools. - 2014: #1 Individual Agent, Keller Williams Memorial. Luxury homes are generally conserved with manicured lots. West University Place - $250,001. Texass topography includes warm, sandy beaches and rugged hill country, as well as deserts, forests, and mountains. Ten-year appreciation rates compare 2010 to 2020 and are based on the median sales price. 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. 1. 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. In the 20th century, the finding of major petroleum deposits particularly the Spindletop increased its economic growth and eventually serve as the major driving force behind its economy. 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. 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