River Oaks Reigns Supreme in Houston's Housing Market
A recent study by American Home Shield has confirmed what many Houston residents already know: River Oaks is the city's most expensive neighborhood. Here's a breakdown of the top findings:
Affluent Abode: River Oaks
Clocking in at an average price of $481 per square foot, River Oaks remains the undisputed king of Houston's luxury market. Founded in the 1920s, this prestigious neighborhood has attracted celebrities and business titans for generations.
Following the Pack
- Crestwood-Glen Cove: This historic, wooded area near downtown boasts larger lots and an average price of $443 per square foot.
- Afton Oaks: Located inside the 610 Loop, Afton Oaks secures the third spot with an average price of $380 per square foot.
- Spring Valley & Tanglewood: Spring Valley, near Interstate 10, comes in fourth at $371 per square foot, followed by Tanglewood to the south at $368 per square foot.
Affordable Options
The study also identified Houston's most budget-friendly neighborhoods:
- Westwood: This southwest Houston neighborhood takes the crown for affordability at $105 per square foot.
- Greenspoint, Brays Oaks, Greater Inwood & Cypress Station: These areas round out the top five, ranging from $106 to $126 per square foot.
A Look at Broader Trends
This study aligns with similar recent reports on Houston's real estate market. CashNetUSA's analysis, based on Zillow listings, identified Hunters Creek Village, Piney Point, and Bunker Hill Village as the top three priciest neighborhoods (by average listing price).
Texas Tale of Two Cities
The study also offers a glimpse into housing affordability across the state. South Park in Jefferson County holds the title for Texas' most affordable neighborhood at $72 per square foot, while Northshore in Austin boasts the highest price tag at $1,189 per square foot.
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