According to one Houston area realtor, you need to make over $250,000 a year to buy a home in Bellaire or West University. Salary requirements for other close by neighborhoods range from $80,000 to $250,000.
Houstonproperties.com states that in 2009, the median home sales price in Bellaire was $712,000. In 2018 the median sales price rose to $975,000. Median land values in the same time period rose from $36 per sq. ft. to $59 per sq. ft. According to the website, West University median sales prices rose from $787,000 to $1,335,000 from 2009 to 2018. West U median land values rose from $69 to $124 per sq. ft.
The article analyzes 52 Houston area neighborhoods and determines the salary requirement to live in those neighborhoods. Visit Houstonproperties.com to see the methodology used and to see the numbers for other neighborhoods.
