The City of Houston, Texas is the fourth largest city in the United States and the largest city in the state, with a population estimated to be at about 2.3 million people. Houston is also one of the more important financial centers for the nation, with only New York City having more Fortune 500 companies headquartered within its borders.
Houston’s main economic centers are based around the energy, transportation, and aeronautic fields. Due to its growing financial prospects and diverse community, a total of seven million people will visit the city on any given year, making Houston property an excellent economic venture.
Houston, Texas real estate markets will prove to be just as diverse as the population it holds. Because the city place host to various cultures and backgrounds, Houston property values will prove to be various. This is exhibited by the Houston, Texas real estate average listing price being approximately $270,000.
However, the median sales price for Houston property is just over $86,000. Such discrepancy does not necessarily reflect a fluctuating market but rather is more of a reflection of the diverse population of the city. Some of the more popular neighborhoods in the Houston, Texas real estate market are Clear Lake, Memorial, and Great Uptown.
