LIVING IN HOUSTON
Houston is an enormous city located in the state of Texas. With a population of 2,312,717 people and 605 constituent neighborhoods, Houston is the largest community in Texas.
Houston is neither predominantly blue-collar nor white-collar, instead having a mixed workforce of both blue-collar and white-collar jobs. Overall, Houston is a city of sales and office workers, professionals, and service providers. There are especially a lot of people living in Houston who work in office and administrative support (11.14%), sales jobs (10.34%), and management occupations (8.75%).
Also of interest is that Houston has more people living here who work in computers and math than 95% of the places in the US.
Houston is a popular destination for single career-starters. One thing that you will notice when you are out and about town is that there is a large population of people who are young, single, educated, and upwardly-mobile career starters out at restaurants, listening to live music, and enjoying other activities. They are a real visible part of the culture of Houston. This makes Houston a good place to live for young professionals. With so many people in this demographic, Houston presents many opportunities for single professionals to enjoy themselves, socialize, and to create lasting relationships.
In terms of college education, Houston is substantially better educated than the typical community in the nation, which has 21.84% of the adults holding a bachelor’s degree or graduate degree: 31.73% of adults in Houston have a college degree.
The per capita income in Houston in 2010 was $30,547, which is upper middle income relative to Texas and the nation. This equates to an annual income of $122,188 for a family of four. However, Houston contains both very wealthy and poor people as well.
Houston is an extremely ethnically-diverse city. The people who call Houston home describe themselves as belonging to a variety of racial and ethnic groups. People of Hispanic or Latino origin are the most prevalent group in Houston, accounting for 44.47% of the city’s residents (people of Hispanic or Latino origin can be of any race). The greatest number of Houston residents report their race to be White, followed by Black or African-American. Important ancestries of people in Houston include German, English, Irish, French, and Italian.
In addition, Houston has a lot of people living here who were born outside of the US (29.21%).
The most common language spoken in Houston is English. Other important languages spoken here include Spanish and Vietnamese.
HOUSTON, TX REAL ESTATE DATA
AVERAGE HOME VALUES
MEDIAN HOME VALUE:
HOUSTON, TX HOME PRICES
RENT & OWNERSHIP
AVERAGE MARKET RENT:
$1,229 / per month
HOUSING MARKET DETAILS
AGE OF HOMES
TYPES OF HOMES
HOUSTON HOUSING MARKET INFORMATION
With 2,312,717 people, 838,950 houses or apartments, and a median cost of homes of $154,934, house prices in Houston are solidly below the national average.
Single-family detached homes are the single most common housing type in Houston, accounting for 44.85% of the city's housing units. Other types of housing that are prevalent in Houston include large apartment complexes or high rise apartments ( 43.55%), duplexes, homes converted to apartments or other small apartment buildings ( 5.36%), and a few row houses and other attached homes ( 5.27%).
People in Houston primarily live in small (one, two or no bedroom) single-family detached homes. Houston has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Houston built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Houston built between 1940-1969 ( 29.62%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.28%). There's also some housing in Houston built before 1939 ( 4.40%).
Vacant housing appears to be an issue in Houston. Fully 11.05% of the housing stock is classified as vacant. These Houston homes are the hangover affect of Hurricane Harvey. Homes that are not habitable and are awaiting refurbishment.
HOUSTON HOME APPRECIATION RATES
In the last 10 years, Houston has experienced some of the highest home appreciation rates of any community in the nation. Houston real estate appreciated 51.71% over the last ten years, which is an average annual home appreciation rate of 4.26%, putting Houston in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Houston definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Houston appreciation rates have trailed the rest of the nation. In the last twelve months, Houston's appreciation rate has been 1.64%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Houston were at 2.35%, which equates to an annual appreciation rate of 9.72%.
Importantly, this makes Houston one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Texas, our data show that Houston's latest annual appreciation rate is lower than 80% of the other cities and towns in Texas.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Houston differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Houston - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Houston real estate investment or home purchase decisions.
HOUSTON, TX HOME PRICES
HOUSTON POPULATION & AGE DISTRIBUTION
EDUCATIONAL ATTAINMENT OF ADULTS
PER CAPITA INCOME
MEDIAN HOUSEHOLD INCOME
INDIVIDUALS BELOW POVERTY LEVEL:
- Elementary Schools
- Middle Schools
- High Schools
13800 Westerloch Drive, Houston, TX, 77077
Public district, PK-5 | 903 students
2008 Kirby Drive, Houston, TX, 77019
Public district, PK-5 | 645 students
2300 Mills Branch Drive, Houston, TX, 77345
Public district, PK-5 | 601 students
Public district, PK-5 | 707 students
Public district, PK-5 | 737 students
Public district, PK-5 | 843 students
Public district, PK-5 | 745 students
Public district, PK-5 | 94 students
Public district, PK-5 | 502 students
Public district, PK-5 | 874 students
Public district, PK-5 | 949 students
Public district, 6-8 | 263 students
Public district, 6-8 | 1279 students
Public district, 6-8 | 1700 students
Public district, 6-8 | 1070 students
Public district, 9-12 | 890 students
Public district, 9-12 | 626 students
Public district, 9-12 | 402 students
Public district, 6-12 | 912 students
Public district, 9-12 | 468 students
Public district, 9-12 | 753 students
Public district, 9-12 | 408 students
Public district, 9-12 | 2332 students
Public district, 9-12 | 471 students
Public district, 9-12 | 1863 students
Public district, 9-12 | 715 students