Richest Neighborhoods in Houston 2023

Updated 6/18/23. In this article, we highlight a list of quality locations in Houston, prime neighborhoods where you get to meet with upper-class people with backgrounds in the arts, business, as well as academia.

Have you ever wondered where the wealthy live in Houston? Do you want to know where the most expensive neighborhoods in Houston are?  Knowing how much you’ll have to pay will be highly beneficial if you’re looking to relocate or buy a home in this area. To determine the most costly neighborhood in Houston, we considered median home prices and price per square foot.

Here we list out the richest neighborhoods in Houston.

Richest Houston Neighborhoods for 2023

1. West University – $165,516
2. Greater Memorial – – $850,504
3. Rice – $134,564
4. River Oaks – $123,888
5. Rice Military – $114,989
6. Downtown -$102,766
7. Far Northeast – $88,053
8. Galleria-Uptown – $83,714
9. Greater Heights – $82,304
10. West Houston –  $76,204
11. Montrose, Houston – $75,873
12. Midtown – $74,596
13. Meyerland – $70,691
14. Medical, Houston – $68,825
15. Pasadena – $61,714
16. Spring Branch – $55,792
17. Westchase – $55,700
18. Bellaire – $51,640
19. Southwest, Houston – $48,082
20. Northwest, Houston – $44,705
21. Sugarland – $41,130
22. Southeast, Houston – $39,100
23. East End, Houston – $36,794
24. North, Houston – $33,191
25. Northeast, Houston – $31,293
26. Far North, Houston – $30,885

Ranking of the Richest Neighborhoods in Houston (Median Income)

 

• 1. West University

West University is in an upscale neighborhood in the Houston area of Texas. The city is called chiefly West U for short. The city falls within the Houston-The Woodlands-Sugar Land metropolitan area and Southwestern Harris County. This city is nicknamed ‘the neighborhood city’ because it comprises Bungalows and Duplexes that upper-class families inhabit. As confirmed by the 2010 census, the city’s population is 14,787, although recent estimates put it at a little over 15,000. Residents of this city make a median yearly income of $153,604.

• 2. Greater Memorial 

Greater Memorial is an upscale neighborhood in Houston. Upscale means upscale in this context, a house in Greater Memorial, on average, sells for $850,504. The population of this neighborhood is expectedly small, with just 35,799. Residents of this neighborhood make a median yearly income of $146,287. But that is not all; Greater Memorial has a lot of ranking distinctions. It has been ranked the Best Neighborhoods in Houston for singles and also one of the best neighborhoods for Families.

Memorial’s land value is typically lower than that of Tanglewood, West University, or River Oaks, and many Memorial properties for sale have large, wooded lots. Many Memorial home buyers should choose the area because they want more space than inner loop communities provide.

• 3. Rice

Rice Village is a university community that is built around the Rice University of Houston, Texas. The community is often described as a shopping district because there is a vast and varied collection of restaurants, shops, and pubs, just located a half-mile on the west side of West University.

The residents of the city -upscale families- make a yearly median income of $134,564.

• 4. River Oaks

River Oaks is a high neighborhood in Houston, Texas. This residential area is full of palatial homes with rich gardens, and swimming pools. A River Oaks Shopping Center is also popular because of the high-end stores and upscale restaurants.

River Oaks Houston is among the most exclusive neighborhoods in Texas and one of the most expensive. This year, it earned the distinction of being Houston’s most expensive residential community. It is one of Houston’s most prestigious upscale neighborhoods, located north of the Upper Kirby District and close to many main roads such as Westheimer Road, Kirby Drive, and San Felipe Street.

The residents of River Oaks -upscale families- make a yearly median income of $123,888

• 5. Rice Military

Rice Military is another affluent neighborhood in Houston, Texas. Rice Military gets its name from William Marsh Rice, whose family once owned the entire area. Rice Military is a community that was designed and developed about 80 years ago to have blue-collar bungalows and community shops. The face of Rice Military has since changed with the coming of artists, young professionals, and business people. There is an ongoing building replacement scheme in Rice Military in which old buildings have been bought to be demolished. The buildings are currently being bought for about $150,000.

Residents of Rice Military earn a yearly median income of $114,989.

• 6. Downtown

Downtown is an upscale neighborhood in Houston, Texas. Downtown is a bustling neighborhood with residential buildings (bungalows, detached duplexes, and apartment blocks), major family attractions such as the Houston Aquarium, a bustling business hub, and a vibrant theatre environment. The Houston Aquarium also has a shark tank. There are large-scale event centers, plenty of fancy grill houses, and such upscale things. Residents of Downtown Houston make a median yearly income of $102,766.

• 7. Far Northeast

Far Northeast is another upscale area in Houston, Texas. Far Northeast is a rather popular area in Houston. About 90,207 people live in Far Northeast, and this neighborhood has been ranked the number 1 liveable place in Houston, Texas. Homes in Far Northeast typically cost $191,832. The cost of living in the Far Northeast is about 6 percent higher than the average in Texas.

Residents of this neighborhood make a median yearly income of about  $88,053.

• 8. Galleria-Uptown

Galleria-Uptown, which is more commonly called the Galleria Area, is a business district in Houston that is separated from Downtown by a 6.2-mile stretch of road. The Galleria Area is located in the center of Houston, flanked by the post-Oak Boulevard on one side and Westheimer Road. This a prime area for business or business professionals.

Residents of this neighborhood make a median yearly income of $83,714.

• 9. Greater Heights

Greater Heights is an upscale neighborhood in Houston, Texas, USA.  This is predominantly a residential area full of single-unit houses that are fenced. This is a serene environment, with almost every house having a garden or some greenery to show. There is Donovan Park which has a popular wooden castle-themed playground for the little ones to play in. There are also several art houses and shops selling antiques, old records, and other such attractions.

Residents of Greater Heights typically earn a median yearly income of  $82,304.

• 10. West Houston

West Houston is an oldish neighborhood in Houston, Texas. This area has become a place of interest as more and more professionals, businessmen, and artists have favored the area. A major talking point of West Houston is the West Houston Association, a non-profit organization working to better the living and working conditions of the residents of West Houston.

People in this area are not poor, actually, they earn about $76,204 as a yearly median income.

Wealthiest Zip Codes in Houston Area

Here’s a table of the 25 wealthiest zip codes in the Houston area, along with the city/county they are in, the population, and the average home values based on recent data from Zillow and the United States Census Bureau:

Zip Code	City/County	Population	Average Home Value
77024	Hedwig Village/Harris	21,988	$1,226,090
77056	Houston/Harris	23,630	$1,018,944
77019	Houston/Harris	16,934	$1,007,942
77005	West University Place/Harris	14,787	$991,138
77401	Bellaire/Harris	18,090	$986,632
77027	Houston/Harris	14,186	$880,961
77098	Houston/Harris	13,702	$862,971
77030	Houston/Harris	15,052	$741,882
77057	Houston/Harris	31,929	$643,599
77063	Houston/Harris	38,336	$326,593
77025	Houston/Harris	25,785	$498,121
77007	Houston/Harris	23,656	$545,844
77055	Spring Valley Village/Harris	23,684	$549,803
77077	Houston/Harris	43,724	$332,921
77079	Houston/Harris	31,649	$491,385
77402	Bellaire/Harris	3,026	$986,632
77096	Houston/Harris	25,754	$338,108
77081	Houston/Harris	17,737	$377,223
77054	Houston/Harris	10,054	$191,809
77009	Houston/Harris	31,588	$342,318
77477	Stafford/Fort Bend	27,181	$181,166
77459	Missouri City/Fort Bend	55,408	$377,976
77006	Houston/Harris	20,971	$566,013
77494	Katy/Fort Bend	122,338	$421,267
77002	Houston/Harris	12,031	$323,514

As you must have seen from reading the post, Houston, Texas has plenty of upscale neighborhoods that will suit any person- from the young professional earning around 30,000 dollars a year to the established business person who is comfortable with splashing half a million dollars on a stately home in an area that rivals Beverly Hills in taste, serenity, and exclusivity. We must not forget that the weather here is agreeable, and there is plenty of nature to enjoy with your family.

Of course, the present is not the only thing to consider before putting your money (considerable amounts of money, it must be said) into real estate; one must remember that buying a house is a considerable investment. With that in mind, it could come as good news that Houston has a lot of prime areas that have just recently caught the eyes of developers who have trooped into the city, buying up old houses, tearing them down, and building the future.

Houston is set to thrive shortly, so it certainly would be a good idea to key in before it gets too late. A small caveat, though: don’t take our word for it; get in touch with a property consultant before making a decision.