Americans Earning Over $200,000 Are Flocking to These Neighborhoods (Houston: 2015, homeowners association)

[kwr]

https://www.bloomberg.com/news/featu...rica-s-richest

10 of the top 100 neighborhoods in the US with the highest growth in income earners are in Houston. No mention of all 10 neighborhoods. If anyone knows all 10, please add them to the thread.

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Houston enjoyed the fruits of oil’s epic rise to almost $150 a barrel. But it’s also become diverse enough to withstand the crash that came in 2014 and 2015, buoyed by employers in finance, retail and even petrochemicals, which actually benefits from lower crude and natural gas prices, since that means cheaper inputs.

In the city’s commuter areas, development is unfolding before residents’ eyes. In neighborhoods such as Oak Forest, 70-year-old bungalows are being flattened to build homes three times their size. The Houston metropolitan region has 10 tracts in the top 100 fastest-concentrating pockets of $200,000 households.

“There are people who think that 60, 70 years of history shouldn’t be lost to all these teardowns, but the fact is it’s an economic decision,” said Matt Mitchell, president of the Oak Forest Homeowners Association.

An operations data manager for a local energy company, Mitchell arrived in the area 10 years ago. He and his wife and two kids moved into a 1,600-square-foot house built way back in 1947.

But since then, he’s added another child. Now he plans to tear it down and build a bigger one.

[timtemtym]

There is a recent podcast from Houston public media talking about neighborhoods most likely to see gentrification. On the east and inner loop east sides this is going to happen over the next decade.

You can't really go too far east or you run into the industrial and ship channel zones.

I thought it was the strangest thing when I moved to LA and taught by the port area. There are perfectly nice neighborhoods with homes worth over 400-500k that are right up against oil refineries or industrial spaces. Sometimes you even see oil rigs pumping away right in the middle of a shopping center or public park. That would be unthinkable in Houston, but I'm sure we will see more of it as prices rise and open land disappears.

Texaco Heights might become a thing.