The average nearby price per square foot is based on other locations a short drive away from the neighborhood. 3=Similar Price In fact, our nationally comparable school ratings are patented. More high-end attached properties with 3 bedroom layouts in this corner of Houston tend to range between $400K-$500K. Mortgages on properties financed by government-insured loans, such as FHA or VA mortgages, are excluded, as are properties with mortgages whose principal amount exceeds the conforming loan limit. How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. The average rental cost in this neighborhood is higher than 63.3% of the neighborhoods in Texas. Published tax rates may differ slightly from the average effective rates used by NeighborhoodScout, where NeighborhoodScouts tax rates more closely follow the taxes paid by property owners. Always check with your local school department to determine which schools your children may attend based on your specific address and your child's grade-level. 18,000 local law enforcement agencies in the U.S. These are the most common groups that neighborhood residents self- report as their ancestry. 26% of the neighborhoods population has some college education or an associates degree, while 31% of residents hold a bachelors degree. Meanwhile, Interstate 610 is farther east of the neighborhood, and Interstate 69 runs south of the Energy Corridor. Where the two intersect is where the dot is plotted representing this neighborhood. Where the two intersect is where the dot is plotted representing this neighborhood. This highly rated and kid-friendly outdoor waterpark features live performances, a curving lazy river, multiple waterslides, and several fun play areas fit for all ages. 18,000 local law enforcement agencies in the U.S. Interstate 10 runs directly through the Energy Corridor, the neighborhood is also bisected by S Texas 6. The Energy Corridor residents have fast access to a massive array of restaurants, nightlife venues, shopping areas, and outdoor retreats. Restaurants in the Energy Corridor are extremely varied. The share of using each mode of transport is measured as percentage of all working adults. The measure is defined as the number of vehicles registered per household, as a percentage of all households in the neighborhood. Houston-The Woodlands-Sugar Land, TX Metro Area, Popular real estate near Read more about Scout's Crime Data. Utility payments are not included. Over 50% of the Energy Corridor residents have commute times of 20 minutes or less, and another 30% report daily travel times between 20-35 minutes. In this example, the neighborhood is one of the highest appreciating in the nation over the last 5-years, but is only average in appreciation for the same period relative to other neighborhoods in the Santa Cruz-Watsonville, CA Metro Area. A number of residences were also built between 2000 and the present. Only NeighborhoodScout gives you nationally comparable school ranks based on test scores, so you can directly compare the quality of schools in any location. "Match Any Neighborhood" calculates the Match Level of one neighborhood to another using more than 200 characteristics of each neighborhood. There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. Why we don't use Zip Codes as neighborhoods. 8,376,755. The Energy Corridor Southeast neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Jobs score The student body is notably diverse, and the school maintains a long record of academic excellence. Scout Vision uniquely solves for investment risk by generating Home Price Appreciation projections with unprecedented geographic granularity and predictive accuracy, for every micro-neighborhood (block group) in the U.S. From $382,000, the Energy Corridor median sales price increased to $420,000. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 78.0% of the neighborhoods in America. Hailstorms can cause sizable amounts of property damage, and cold weather is also of note. Katy ISD contains many National Blue Ribbon Schools and offers AP and college preparatory programs. Culture is the shared learned behavior of peoples. The current real estate vacancy rate here is 25.4%. Seeing as the national property crime rate per 100K people is 2,200, this neighborhoods rate of 2,602 is notably less favorable. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Updated annually. generated by a Location Inc. product or services is, or should be relied upon as, a promise or representation as to the future Marital Statuses include:Married, Divorced, Widowed and Single (Never Married). They may live on campus or in off campus housing. How you get to work car, bus, train or other means and how much of your day it takes to do so is a large quality of life and financial issue. [49], Of all HPL branches the Kendall Library received the most severe damage during Hurricane Harvey in 2017; the damage, which affected the electronic system and elevator, but not most of the books as the majority were on the library's second floor, included mold and was so severe that HPL employees re-entered the branch several days after the flood. College graduates are defined here as adults 25 and older with at least a 4-year college degree. Home Values, Rents: Reflects Q3 2022. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. per year: 16.8%). We also give you the ability to put in the school quality and class size you want, and the search engine will return the best neighborhoods for education in a list and map your results to the neighborhood level. Past Appreciation and existing fundamentals The total level of water ranged from 4.5 feet (1.4m) to 5 feet (1.5m). Many energy sector companies have major operations in the Energy Corridor, including BP America, Citgo, ConocoPhillips, Nouryon and Shell Oil Company. Real Estate Value Forecasts & Regional Analysis: Updated Quarterly. Read more. * Powering the homes and businesses of America with innovative technology, the Houston Energy Corridor is home to one of the largest energy industries in the country and over 70,000 working professionals. No representation is made as to the accuracy of any forecast, estimate, or 93.2% of the residential real estate here is classified as such. Select your ideal criteria and let Scout do the rest. National Agriculture Statistics Service, U.S. Department of Agriculture, Federal Housing Finance Agency, U.S. Department of Housing and Urban Development, U.S. Bureau of the Census, U.S. Geological Service, American Community Survey. [45], Spring Branch ISD residents are zoned to Nottingham Elementary School, Spring Forest Middle School, and Stratford High School. The park spans approximately 7,800 acres and includes 2 soccer fields, 6 baseball fields, a dog park, and massive stretches of undeveloped land. Actual This allows analysts to identify the most similar neighborhoods in a local market area for appraisals, investments, and research. During the same time frame, the neighborhoods price per square foot increased 230%. Larger 4 bedroom family homes in the neighborhood can have low list prices around $320K, but the majority of prices will be over the $350K mark. (Vacant units are counted separately.). A neighborhoods character describes its personality and the feeling one gets when experiencing the neighborhood as a true resident. 2023, Kristina Morales. Then every neighborhood is ranked relative to both other neighborhoods in the region and all other neighborhoods in the nation. The percent of all current neighborhood residents who were not living in the same house one year ago. Income is measured either on a per capita basis or median household income. The percentage of adults aged 25 and older that have attained a graduate or professional degree above and beyond a 4 year degree, like an MA, MD, JD, MBA or PhD. We measure the average annual increase or decrease in household income in the neighborhood over the most recent 5 years. Crime risk data are updated annually. View rentals, browse photos and more! Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. 5=Blue Chip. By sending this Report you agree to NeighborhoodScout's, Notable & Unique Neighborhood Characteristics, My Chances of Becoming a Victim of a The Scout Vision Regional 1 and 2 Year Growth Trends are a set of exclusive assessments of important conditions which influence a regions housing market, prices, security, and economic outlook. This established outdoor gun range offers educational classes for visitors and provides space to practice skeet shooting, targeting sport clays, and take aim at stationary targets as well. Raw data sources: Raw data sources: 4=High This makes comparisons of house appreciation rates equally easy for professional investors and individual homebuyers. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The average effective real estate tax rate is based on the median real estate taxes paid in the neighborhood, as a percentage of the median home value in the neighborhood. Average annual rent as a percentage of property value. Other important languages spoken here include Spanish, Portuguese, African languages and Langs. Appreciation Potential (3 years) projection. The Energy Corridor falls within the boundaries of 3 separate school districts: Houston Independent School District, Katy Independent School District, and Spring Branch Independent School District. Read more about Scout's Crime Data. Mom of 2, stabbed 8 times, is making most of second chance at life, Whose leak is it anyway? Remote: Neighborhoods with the fewest people per square mile in the nation, generally less than 100 per square mile. This pre-kindergarten-5 campus has a diverse student population of around 500. The Scout Vision Regional Housing Affordability Index is the ratio of the years of median household income in the region, to the median house value in the region. 3=Moderate Similarly, what you want as a first-time home buyer may be different than what you want when you have school-aged children, or when you are nearing retirement. Disclaimer While this may seem like a small percentage, it is higher than 99.9% of the neighborhoods in America. Crime risk data are updated annually. Where is 2022 data? Coastal: Neighborhoods on the ocean or tidally influenced rivers. The search engine finds the neighborhoods that are the optimum fit to the set of criteria you choose. of U.S. neighborhoods. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Energy Corridor Southeast median real estate price is $457,783, which is more expensive than 81.5% of the neighborhoods in Texas and 68.5% of the neighborhoods in the U.S. NeighborhoodScout provides exclusive crime risk analytics for every neighborhood in America with up to 98% predictive accuracy. 4=Very Good The result is that potentially great matching neighborhoods can be missed, and erroneous matches can also be produced and delivered to you. They may live on base or off base. Then every neighborhood is ranked relative to both other neighborhoods in the region and all other neighborhoods in the nation. Read Scouts definitions for each Lifestyle. RATINGS: 1=Very Low We also show how each city, town, neighborhood or micro-neighborhood's appreciation rate compares to others across the U.S. and within the same metropolitan area or nonmetropolitan region (e.g., 9 relative to the nation, 5 relative to the Santa Cruz-Watsonville, CA Metro Area [10 is highest]). The average monthly cost of a studio apartment in the Energy Corridor sits at $1,050. Raw data sources: Very high values show a lack of stability in the neighborhood. Houston, TX (Prestonwood Forest Dr / Cypresswood Dr), Houston, TX (Butte Creek Rd / Elk River Rd). Neighborhoods that score highest for mixed ages have the most equitable distribution across all age groups, from infants to senior citizens, all living in the same neighborhood. This outdoor location is a multiuser park that also includes protected land and multiple walking trails. The AP enrollment rate is 31%, and the schools average graduation rate is 97%. Raw data sources: merchantability and fitness for a particular purpose. This nearby school has many impressive qualities and educates around 2,150 students. In some cases, districts allow students to attend schools anywhere in the district. WebEnergy Corridor homes marked a 48% increase in median sales price, from $284,000 to $420,000. Rates the quality of all K-12 public schools that Methodology: Average annual rent as a percentage of property value. Roughly 60% of the neighborhoods residences were constructed between 1970-1999, and about 33% of housing options were built in or after 2000. The 3 year appreciation forecast for each neighborhood is classified into 1 - 5 categories based on how this neighborhood's forecast 3 year performance compares to the real estate appreciation rates experienced in all neighborhoods nationwide for every 3 year period since 1999. Please take a moment and share your experience about this neighborhood with other people who are planning to move in here. The district straddles a 7-mile (11km) stretch of Interstate 10 (the Katy Freeway) from Kirkwood Road westward to Barker Cypress Road and extends south along Eldridge Parkway to Briar Forest Drive. Culture is the shared learned behavior of peoples. This provides context for comparing regional performance against historical benchmarking. These are the types of employers who neighborhood residents work for. If you live here, you may find that a number of buildings in your neighborhood are actually empty. You can easily find 3400 SQFT house in katy with that kind of money. results may differ materially from what is predicted in any information provided by Location Inc. Still further, the quality of a child's education can vary significantly from neighborhood to neighborhood within any city or town. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco. This smaller private school has a play-based curriculum, and around 270 students attend this campus. Western areas of the Energy Corridor are serviced by Katy ISD. The length of the bars indicate the percentage of neighborhoods in America that this neighborhood is more family-friendly than, more college student friendly than, more luxurious than, and so forth. It's true! The Houston Funplex is less than a 20 minute drive directly south of the Energy Corridor. Methodology: per year: 16.8%). Many of the residences in the Energy Corridor East neighborhood are newer, built in 2000 or more recently. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (6.8%) and 6.3% of residents also ride the bus for their daily commute. (Note that smaller lakes are not included, or neighborhoods that have little shoreline on a lake, relative to the size of the entire neighborhood). National Agriculture Statistics Service, U.S. Department of Agriculture, Federal Housing Finance Agency, U.S. Department of Housing and Urban Development, U.S. Bureau of the Census, U.S. Geological Service, American Community Survey. This district includes 70 campuses, and the Texas Education Agency rates the school system as a recognized district. A reported 56% of students at this campus qualify for free or reduced lunches. The languages spoken by people in this neighborhood are diverse. Read Scouts definitions for each Lifestyle. We measure the average annual increase or decrease in the percentage of college graduates living in a neighborhood over the most recent 5 years. The predominate size of homes in the neighborhood, based on the number of bedrooms. Due to Covid-19, complete standardized testing did not take place during the 2020-2021 academic school year. One man was found dead and another in critical condition suffering multiple gunshot wounds Friday night near the Energy Corridor, according to police. [4], Browning-Ferris Industries (BFI) had its headquarters in the district until its acquisition by Allied Waste in 2000. All the trademarks displayed on this page are the property of Location, Inc. This nearby campus has a student-teacher ratio of 17 to 1 and around 3,000 enrolled students. We also show how each city, town, neighborhood or micro-neighborhood's appreciation rate compares to others across the U.S. and within the same metropolitan area or nonmetropolitan region (e.g., 9 relative to the nation, 5 relative to the Santa Cruz-Watsonville, CA Metro Area [10 is highest]). The time is calculated for all residents working outside the home. Median home value is the value which has equal numbers of homes valued above and below it. In fact, the neighborhood is the second largest employment center in the region. We then calculate the percentage change in population for each distance. [51] These trails connect the district to George Bush Park to the southwest. We Hate Fake Questions As Much As You Do! The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 27.8% of the residents employed. Updated annually. Popular Listings. Energy Corridors overall crime rates are 40% lower than the citys average and 17% higher than the national average. This is higher than the rate of vacancies in 91.3% of all U.S. neighborhoods. This allows analysts to identify the most similar neighborhoods in a local market area for appraisals, investments, and research. As the Index approaches historical highs, it can be a warning of an overheated housing market that may be due for a pricing correction. This campus has excellent athletics programming, highly rated college prep, various student activities and clubs, and great academic standing. In the Energy Corridor East neighborhood, 53.3% of the working population is employed in executive, management, and professional occupations. Water gushes for days with no one stopping it, Couple had 'no respect' dumping close to a church, ABC13 viewer says. This provides context for comparing what is very low, low, moderate, high, and rising star appreciation performance. The Energy Corridor is a business district in Houston, Texas, located on the west side of the metropolitan area between Beltway 8 and the Grand Parkway. 3. 4=High The Energy Corridor is a business district in Greater Houston, Texas, located on the west side of the metropolitan area between Beltway 8 and the Grand Parkway. By using the site you agree to our These housing types are not for sale or for rent to the general public but may have a strong influence on the character of the neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 60.4% of U.S. neighborhoods. NeighborhoodScout vividly reveals such differences. Also, the estimated odds of experiencing a crime here are 1 in 34. 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