Houston’s housing market is red-hot. So what does that mean for home-buyers?
If you are looking to buy a home right now, do you know where to find the best value?
Channel 2 Investigates combed through reams of housing data and talked to experts to pinpoint the top value neighborhoods you should include in your housing search.
First-time homebuyers Sway and Lydia are like many couples looking for their first home. They are looking for the best value in a safe neighborhood. Lydia is a photographer and Sway is a stylist. They have two young daughters and are considering expanding their family.
”We want enough room for us to be happy. Kids the same age as my girls, that would be great,” Sway said.
Their budget is $300K. We accompanied them on a day of house-hunting to see what deals we could uncover. We looked at homes in Brookshire, Katy and Cy-Fair, all priced under $255K.
They were amazed at what they found.
“I’m trying to hold my composure, but this definitely is the best one so far," Sway said about one home.
“This is a lot of space,” chimed in Lydia as they stood in a home in Cy-fair priced at $249,900 complete with four bedrooms, 2 ½ baths, a game room, study and pool.
According to the experts we talked to, this was no coincidence. Cy-Fair has the hottest housing deals right now.
“Best value for the money is going to be that Cy-Fair area,” says broker Michael Bossart.
We defined "best value" as a drop in pricing in desirable neighborhoods. There are other good deals to be had in and around greater Houston.
Here are the top 5 hottest housing deals in Houston right now:
- Katy Southwest
- Riverside Terrace
Only on Click2Houston will you find an interactive database of over 130 neighborhoods in and around Greater Houston.
Compare today’s home values against last year's and see where your neighborhood stacks up in comparison to others.
Select a neighborhood below and scroll through the interactive database.
* Above data provided by the Houston Association of Realtors
Find out the average home price in your community and how your neighborhood stacks up.
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