Thinking about buying in a new home in North Houston? There are many factors to consider when searching for the right home for your family, like a great school district, easy access to work, or amenities – all of which contribute to the overall value of a property. Finding a neighborhood with a positive history of property values can be a good indicator for a new home investment.
We’re pleased to share that the average home value our area is up 32.3%, according to data from an analysis by The Business Journals. Using the Business Journals’ Home ROI tool, we searched for home values in the Greater Houston-The Woodlands metro area and specified zip code 77386 – which showed healthy returns and a 32.3% change over 10-years with a 223.4% ROI.
The Business Journals' analysis tracked home values from the depths of the recession in August 2009 through August of this year and applied a hypothetical scenario in which homebuyers entered the market a decade ago with a 10 percent downpayment to make a purchase.
As of August 2019, results showed that the area's median home has appreciated to $227,100 in value, a $55,500 gain for the hypothetical homebuyer. The conclusion is based on historical median home value data provided by Zillow Group. You can see the breakdown for zip code 77386 below.
Metro Houston-The Woodlands-Sugar Land
Zip code 77386
10-year change (%) 32.3%
10-year change ($) $55,500
ROI over 10 years 2.234266
MEDIAN HOME VALUE HISTORY**
Among the thousands of ZIP codes covered in The Business Journals' study, the median home in some 12,885 of those locations appreciated in value, with a median price change of 31% over a decade.
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Click to see new construction homes for sale in zip code 77386 – located in our beautiful master planned community Falls at Imperial Oaks.