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7 Perfect Houston Areas for Millennials

7 Perfect Houston Areas for Millennials

Spring Branch

Spring Branch is a perfect storm of advantages in terms of owning prime real estate as a Millennial. Its location is a short driving distance to major entertainment and career focus areas from Downtown Houston, Memorial, to the Energy Corridor – including being a stone’s throw away from the Galleria and the Houston Heights.

With properties ranging from the mid $200’s to $1.5 million, Spring Branch is prime for anyone from investors seeking to develop new construction to new families seeking an incredible home. With more than $1.7 billion spent on goods & services by residents (including a 36% increase in property in 2015), you can be sure that Spring Branch one of the hottest areas in Houston Real Estate. Perfect for those who are seeking the jack of all trades in a property!

Sources:
https://www.bizjournals.com/houston/news/2016/11/01/spring-branch-district-residential-commercial.html

East Downtown (EaDo)

Being just right on the other side of the freeway from Downtown, EaDo quickly became an unbelievable area to live for young professionals and families. With an influx of development in housing and new businesses, you can only an Uber away from major sports arenas, new & incredible restaurants, and Houston’s most active.

Houston has quickened its pace develop Downtown’s corporate and entertainment prowess as well as invest in the growth of the University and Midtown sectors. EaDo is for Millennials who would prioritize having the convenience of Houston’s entertainment and central location right outside their doorstep.

Montrose

The center of Houston’s cultural growth has always circled around Montrose and surrounding areas. Filled with incredible coffee shops & and diverse food scene, this area has been ground zero for some of the most creative and active residents in Houston – while still retaining its authentic heritage in with beautiful, older homes combined with artistic new construction.

Montrose is perfect for Millennials who seek a truly diverse package of vintage and modern shopping, nightlife, casual dining & coffee, and scenery – all a bike ride away. Although the area is generally priced much higher, young professional value the increased quality of life they enjoy when living in Montrose.

Houston Greater Heights (The Heights)

The Heights are well known for being the center of conversation when talking about Houston’s growth. It’s location made it prime for developers and investors to pour in incredible amounts of capital to develop one of Houston’s historical regions – skyrocketing values from $304,500 in 2010 to $435,000 in 2016 and bringing an influx of restaurants and nightlife to a once traditional area.

When looking for a new home or to share a townhome, Millennials generally consider The Heights because of its close proximity to every major entertainment area in Houston (also being one itself) – while not being nearly as crowded as areas closer to the center. Perfect for Millennials who value space and enjoyment.

Sources: http://www.chron.com/neighborhood/homes/article/Houston-home-price-appreciation-2010-to-2016-11114632.php

Washington Ave/Rice Military

Just south of The Heights resides Washington Ave, and also one of the hottest areas for a new townhome development. With Downtown and Memorial Park on either side, properties on Washington have become one of the most sought after homes due to its combination of incredible nightlife and fine dining, quite literally within walking distance.

With new developments such as the Buffalo Heights to the north east, nightlife to the west, and renovations of Memorial Park, property values continue to rise rapidly. In addition, the Buffalo Bayou has transformed into a masterful multi-use park, filled with dining, biking, and trails fit for a true Millennial – best for those who prefer an active lifestyle.

Energy Corridor

The Energy Corridor is among Houston’s utmost corporate developments for Energy, Oil, & Gas Corporations, and has driven the growth of young professionals in Houston. With the recent investment of big-name hospitals such as Texas Children’s Hospital & Houston Methodist, this area has made great strides in both commercial and residential sectors.

Millennials who work in the area or Westchase can find great value in terms of price per square foot in an area filled with shopping and dining. With City Center and Katy on either end of I-10, the Energy Corridor can serve as a great first-home buying option for young professionals and young families alike.

https://www.bizjournals.com/houston/blog/breaking-ground/2015/08/the-energy-corridors-hurting-but-theres-one-bright.html

Katy

Not necessarily within the Houston city limits, but an honorable mention due to its incredible popularity with young families. Katy is home to some of the best school districts from K-12, larger properties than the inner loop, and great prices for those who want more space for their buck.

Boasting an average annual growth of up to 6% yearly, new shopping and medical centers, and even a brand new Amazon Warehouse, Katy has marked its place as one of Houston’s hottest surrounding areas. Millennials who work in Westchase or the Energy Corridor tend to consider Katy an option, especially those who have children.

Sources: http://www.katyedc.org/News-Media/News/Rapid-population-growth-continues-in-Katy-Area.aspx