Melissa is the last on our list of the top ten richest cities in Texas. More than half of the street names in West University Place are allusions to universities, colleges, and poets. Go here for the full report. 2020: Best Houston Real Estate Team, Best of Readers Choice - 2016: Five Star Realtor, Featured in Texas Monthly LUXURIOUS AND SERENE ATMOSPHERE: Piney Point features real estate houses that give a homey and rural feel. Top employers include retail chain Bass Pro Shops and Prosper Independent School District, which serves more than 10,000 students at 11 schools across town. Rebecca Salinas , mySA.com / San Antonio Express-News. Which factors people look for when deciding where to live depends on their stage of life,, Read More The 20 Best Places to Live in Nashville, TNContinue, If you dont know what a HELOC is, dont feel stupid. There is an overwhelming amount of information out there about the most luxurious homes and neighborhoods in Houston. During the era of World War II, four major countries designed the economy of Texas historically, also the cattle industry stands as a major economic driver for the State before and after the US civil war. Homes further away from the lake and on less substantial plots can cost closer to $425,000, but the average listing price in this area is $1.2 million. Initially developed in the early 2000s, Chapel Creek also has homes built as recently as 2012 or newer. According to D Magazine, the median household income is $511,549, which is the second-highest of all the Dallas Fort Worth neighborhoods. The high housing costs likely contribute to the low homeownership rate of 59%. MEMORIAL PARK: This urban park features the top-rated Memorial Park Golf Course as its key feature. - 2018: #5 Individual Agent, Keller Williams, Worldwide They provide 24-hour security. Paige Martin, Broker Associate, Keller Williams Memorial1220 Augusta Dr, 300, Houston, TX 77057, Texas Real Estate Commission Consumer Protection Notice, Texas Real Estate Commission Information About Brokerage Services, PMartin@HoustonProperties.com 2002 2023, Guide To Houston's Most Expensive Neighborhoods. Some townhomes in the area feature smaller floor areas, around 1,500 to 2,000 square feet. This incorporated city is almost surrounded by San Antonio. River Oaks Shopping Area stands nearby major thoroughfares, including Katy Freeway (I-10), Loop 610, and Southwest Freeway (US 59). It is zoned to IB World Schools, including Lanier Middle and Lamar High. West Loop South runs through the neighborhood and connects it to Uptown Houston. s list of wealthiest Texas cities back in 2021. Over 10% of Texas land area is mostly a desert even though it is largely dominated by the US southwestern deserts, most of the people that form the population of Texas mostly reside on the former prairies, forests, coastline, and grasslands areas. 2022: #1 Residential Real Estate Team by Sales Volume, Houston Business Journal Get the advice of our luxury realtors - we care more. Median home sale prices are based on single-family home sales. If youre looking for a small, quiet Texas town with all the amenities of a big city and a bustling downtown area, then Terrell Hills is your spot. Highland Park is bordered by the cities of University Park, Dallas, and Mesquite. Southwest Freeway is only less than ten minutes. It features some of the most expensive real estate in Houston. Out of the many regions, here are the 10 wealthiest neighborhoods in Texas according to the demographics recorded in the 2010 United States census. MULTIPLE PARKS: The area is home to several parks and outdoor entertainment areas. Alamo Heights - $141,048. The population was 9,944 at the 2019 census. increased sphere of influence and exposure to more potential buyers. University Park is considered one of the overall most affluent neighborhoods in Texas. Hilshire Village is a small city and neighborhood located in Harris County in Texas with a median income of $66,620. This is mostly because of its convenient location, accessibility, and atmosphere. Tcu-West Cliff. The Woodlands Mall. It is nicknamed The Neighborhood City and is mainly a bedroom community for upper-class families. With its beautiful residential architecture, stunning views, and low taxes, Texas is becoming an increasingly popular alternative to the expensive west coast. EXCLUSIVITY: Some of Houstons most expensive real estate are in the areas of Glen Clove and Crestwood. - 2018: #1 Individual Agent, Keller Williams, Texas . Paradise Valley is the safest place to live in Phoenix. 2021: #1 Real Estate Team, Keller Williams Memorial It has Bellaire to the west, Southside Place to the south, and Houston to the east and north. Neighborhood #1: Hunter's Creek Village On the top of our list is Hunter's Creek Village. Population 239. Paige Martin, Broker Associate with Keller Williams Realty, and the Houston Properties Team are ranked among the top residential Realtors in the world. The city can be found in Collin and Denton Counties. Land value appreciation in Highland Village is among the best in Houston. On average, homes in Preston Hollow cost $1.2 million. In todays world of language everything has an acronym dreamed up by some marketing or English major who feels the need to make everything, Read More Tips on How to Use a HELOC To Buy Real EstateContinue, Georgia is undoubtedly one of the most beautiful states in the nation. In the 20th century, the finding of major petroleum deposits particularly the Spindletop increased its economic growth and eventually serve as the major driving force behind its economy. And then you have the wealthiest neighborhoods, where no one can afford to live. Southlake is predominantly city situated within the County of Tarrant with Denton County as its minor area by extension in the Texas State, United States. 306 Champion Falls: Champions Ridge ($770,000) 9. Check Out The Top 10 Most Expensive Neighborhoods To Live In Austin: 1. north-central Collin County. While average home values in this area tend to be slightly lower ($529k), a high per capita income keeps this beautiful, forested area one of the richest in all of Texas. If youre looking to relocate, this guide to the 11 richest cities in Texas will help you find the best areas to turn your dreams of upscale living into reality. Different geographical sources state, Read More The 10 Richest Counties in TexasContinue, Nashville is a diverse city with each of its neighborhoods and suburbs having something different to offer its residents. Related: The 10 Most Expensive Places to Live in Texas. There are several notable private schools nearby as well. In economy, Bellaire City has light industrial, mixed-use of public and private uses and then the commercial properties. However, it is important, Read More Want to Be a Landlord? Cost of Living Index 110 vs 95. Located east of Loop 610 and south of I-10. We've included the summary real estate statistics for Houston's Most Expensive Neighborhoods. 2021: Top Real Estate Team (Houston Properties Team), Houston Business Journal TOP-RANKED SCHOOLS: The neighborhood boasts access to River Oaks Elementary and premier private schools. Southlake is located in northeast Tarrant County and includes part of northwest Dallas County. Its total population was 28,304,596 as of the 2017 report of population census and 25,145,561 total population as at 2010 population census reports. - 2016: #1 Individual Agent, Keller Williams, Houston Luxury homes are generally conserved with manicured lots. Multiple moving parts increase oversights. It has Tanglewood northeast. Its local per capita income of $84k is nearly triple the states average, which earned it the number one position in. A few interesting trends stood out. Briargrove has around 900 homes. Learn how your comment data is processed. In terms of revenue, Texas has been a leading state in exportation since the year 2002. How do you quantify richer than you? The homes in this area are predominantly large, detached houses that sit on substantial lots along tree-lined avenues. And that my friend, is more 0s than most of us will see in our bank account for a long, long time -- if we ever get that lucky. Terrell Hills - $181,979. Now a look at how all the neighborhoods in Dallas ranked. via:forum.nationalhsfootball.com. Terrell Hills began to develop as a city when Dr. Terrell sold some acres of the city to Terrell Hills Community. In fact, Highland Park is the most affluent city in Texas and the 7th . The city also has one of the lowest unemployment rates in Texas at just 8.0%. 21 Los Altos Hills In California. Editor's Note: We updated this article for 2022. Shady Oaks homes are considered architectural masterpieces, standing on enormous lots as part of a wealthy communitythat has been voted one of the richest neighborhoods in the country. In Southlake, 6% of residents live below the poverty line, less than a third of the poverty rate nationwide. The poorest neighborhood? Champions Ridge Median Price: $755,500 Average Price Per Square Foot: $179 2 Homes Sold for $1 Million+ in 2018 The Memorial Villages (Piney Point and Hunters Creek) are north of Briargrove. It is a neighborhood that attracts affluent families, as the Highland Park School District falls within the boundaries of this neighborhood, and it is one of the most highly rated schools in Texas. She was appointed by the mayor of Houston to be on the downtown TIRZ board. Median land value prices are based on both homes sold at lot value and lot sales. SUPERIOR LOCATION: A city within a city, Bellaire is mostly bordered by Houston. Its per capita income ($159k) and average home prices ($2.3M) are some of the highest in all of Texas, keeping Hunters Creek Village a frontrunner for luxury living. 10 Everglades Club - Palm . Bellaires population was estimated at 18,593 from its 2016 population census reports. Hunters Creek Village is another one of the wealthiest cities in Texas. Its newly constructed luxury homes and vintage bungalows have price tags comparable to homes in nearby West U. The population of the city increased over the years. While many of the jobs in Prosper are likely filled by commuters, there are some opportunities for employment within the city limits. It is a city located within a Bexar, in Comal, and within a Kendall County in the Texas State of United States. It is a hub for large corporations, such as Sabre Holdings, Neiman Marcus, and Santander Consumer USA all of which help keep the local community well-employed. Circle C. Flickr/Lars Plougmann. Houston's Most Expensive Neighborhoods Ranked Houston's Most Expensive Neighborhoods Ranked Ranked guide to Houston's most expensive neighborhoods Despite recent events, many of Houston's top neighborhoods have been consistently listed among the wealthiest areas in the nation. Bellaire's neighborhood can be tricky to navigate given the area's different school zoning maps, proximity to railroad tracks, being on a major thoroughfare, and diversity of builders. We aim to deliver bite-sized pieces of infotainment about where you live. So without further ado, here are your top 10 richest cities in Texas! Most Expensively 2023. Its central location gives residents easy access to an abundance of local employers and job opportunities, which keeps the per capita income around $75k. - 2018: Texas Most Influential Realtors 11 Richest Cities in Texas Highland Park Hunters Creek Village West University Place University Park Alamo Heights Southlake Terrell Hills Fair Oaks Ranch Trophy Club The Woodlands Flower Mount 1. Its population was 4,878 from the 2010 population census. Terrell Hills was named after a local bank president who served as a mayor of San Antonio, Dr. Terrell Frederick. Its a prime destination for outdoor enthusiasts, history buffs, and those who love to eat. Centrally located, residents have easy access to all major job centers, including Downtown, The Medical Center, and Galleria. Those who want to splash the cash for the prestige of living in Bluffviews best houses may need to spend up to $8.9 million. Median home prices and household incomes vary. Ten-year appreciation rates compare 2010 to 2020 and are based on the median sales price. These local amenities typically attract nature-loving residents who want the best parts of an affluent city life without the inner city prices. ACCESSIBLE LOCATION AND EASY COMMUTE: The district is nestled between two major employment centers and allows easy access to I-45 and Highway 59. That means that smaller communities like Piney Point Village, which has an average home price of over $3 million, were excluded as they had a population below 5,000. West University Place is a city within a city, subdivided into 26 sections called blocks. Hilshire Village is a small city and neighborhood located in Harris County in Texas with a median income of $66,620. The 10 Most Beautiful Places to Live in Colorado, The 20 Best Places to Live in Nashville, TN, Tips on How to Use a HELOC To Buy Real Estate, Want to Be a Landlord? Major employers like the Valero Energy Corporation and NuStar Energy help to supply the areas job market with high-yield professions. EXCELLENT ACCESSIBILITY: The neighborhood has immediate access to and from multiple Houston hubs like the Galleria and Downtown. Alamo Heights ranked seventh, Fair Oaks Ranch ranked eighth, Celina ranked ninth, and Melissa took tenth place on our list of richest cities in Texas. Top 10 Richest Countries in Latin America, List Of Companies In Canada Hiring Foreign Workers (2022), Top 10 Cheapest Grocery Stores In Toronto (2022), Top 10 Richest Indians In Australia (2022), Top 10 Poorest Cities In The World (2022). Highland Park - $211,136. Grogan's Mill is also the home of one of the fastest-growing luxury neighborhoods in The Woodlands. Georgia has some of the best, Read More The 20 Safest Places to Live in GeorgiaContinue, Rental properties can provide their owners with a steady stream of revenues over time. CENTRAL LOCATION: West University enjoys close proximity to Rice University, Texas Medical Center, the Galleria, Downtown Houston, and the Museum District. Each member is a specialist in their role which is why our homes sell faster and for more money than average. We have dedicated people doing staging, marketing, social media, open houses, and showings. This includes the Houston Zoo, the Houston Garden Center, and a golf course. The 6 Most Expensive Neighborhoods in Dallas The 6 Most Expensive Neighborhoods In Dallas December 29, 2019 by Kristie Ramirez, Rhonda Reinhart, Rosie Roberson and Elaine Raffel When the city's well-heeled want to put down roots, they look to these affluent areas. Two well-to-do Dallas-area communities, Southlake and Highland Park secured second and third place consecutively. Though its population is just under 1,000 residents, the neighborhood's sprawling mansions, mature oak trees, and generous acreage create a sense of private luxury while still remaining . - 2017: #1 Individual Agent, Keller Williams, Houston Summing up the median income of those 10 neighborhoods adds up to $1,121,721. UPSCALE NEIGHBORHOOD: River Oaks is Houston's Most Expensive Neighborhood. Save my name, email, and website in this browser for the next time I comment. Its convenience to key Houston areas makes it an excellent area to live in. The swankiest neighborhood in Dallas is University Park, ZIP code 75205, an area known for its attractive homes, beautiful parks and many churches. Goods and services in Southlake are about 21% more expensive than they are nationwide on average, and housing costs in particular which account for about 34% of typical household spending are close to double what they are nationwide. The median household income growth rate is much higher than the state average rate of 31.76% and is much higher than the national average rate of 27.36%. To compile our list of the wealthiest cities in Texas, we looked at data from 2021 and 2022 on local per capita income and poverty rates. In 2018, it was even ranked the 2nd wealthiest city in the nation based on data from the American Community Survey. Ideally situated between Grapevine Lake and Lake Lewisville, this city possesses some of the most stunning green spaces, walking trails, biking paths, and equestrian centers in the state. Green spaces and pocket parks are well-placed throughout East Shore, and there are also 12 parks nearby. Glen Abbey is a neighborhood that will suit those who prefer modern developments to areas with period properties, as it was only developed in the early 2000s. Let's have a look at the list below. Some of these schools include Memorial High School, Memorial Drive Elementary, and Kinkaid School. According to the most recent census data, University Park looks to be the richest Dallas neighborhood to live in. With a mean household income of $510,848, it is home to some of the country's leading hedge fund managers and financiers. Mostly known for his electric car company Tesla, space exploration company SpaceX and his recent acquisition of Twitter, Elon Musk has his eyes set on a new income stream deriving from real estate . Lakewood is a neighborhood that sits alongside White Rock Lake, so there are water views from many of the homes in this area. Prosper - $146,733. TOP-RANKED SCHOOLS: According to Houston's Best Public Schools, schools located near Bellaire rank among the top in the state of Texas. The 1,500-acre Memorial Park is just a few blocks away from the community. It is indeed one of Houston's most affluent towns. GOOD COMMUTE: Located west of Downtown Houston and north of Galleria/Uptown area, the neighborhood features easy commute to major roadways, including the San Felipe Street, Memorial Drive, Loop 610, and Katy Freeway. Real estate, on the other hand, is over 10 million dollars. Paige Martin was just ranked as the #5 agent in the world with Keller Williams, completing over $1 Billion in Houston residential real estate sales. The upscale Houston gated community of Caceres is a few minutes from the area. It has a per capita income of $69k, which is more than double the state average. Here are the 10 wealthiest cities in Texas for 2021, as determined by HomeSnacks. - 2019: #1 Individual Agent, KW Texas Map of 25 Wealthiest Zipcodes in Texas Based on Average Adjusted Gross Income. Most of its residents are employed as civil servants in the school since The West U is a learning institution. The area contains several ofHoustons Most Expensive Neighborhoods. Move over, Manhattan. I have to disagree with the earlier poster on this one: nowadays Tarrytown residents are mostly affluent techie types living in jumbo-sized McMansions, after having torn down the older, muc. The richest city in Texas is Highland Park. Another expensive neighborhood in Frisco, homes in Chapel Creek range from approximately $850,000 to over $3,000,000. The city boasts of poverty rate of 1.67%, median household income of $250,001. Homes in the neighborhood sit on large lots, ranging from 7,000 to more than 20,000 square feet. Bordering San Jose, this posh neighborhood easily attracts celebrities and even baseball legends, such as Barry Bonds, forbes.com says. Southlake is known for its high-income households. The Crestwood/Glen Cove is popular for its: EXCLUSIVITY: Crestwood/Glen Cove real estate is among the most expensive in Houston. It is part of the San Antonio Metropolitan Statistical Area. ACCESSIBILITY: The residents have access to main roads such as I-10, Memorial Drive, Loop 610, Washington Avenue, and Allen Parkway. Cities in this list were included if they had at least 5,000 residents. Fast forward some 100 years to 2021: as the COVID-19 pandemic continued to rage, a record-breaking 660 people became billionaires globally, growing the previous year's number by 30%. Bellaire is surrounded by West University Place and Houston. Many companies are also nestled around the neighborhood, making Piney Point a good location for career growth. - 2017: Americas Best Real Estate Agents, RealTrends.com Hillside East is located in the Borough of Anchorage. INDEPENDENT CITY: The City of Southside Place operates a council-manager form of government. Newly available, Scout Vision Trends & Forecasts provide you this looking glass into every neighborhood in the United States. Ahwatukee Foothills. Southlake is known for its high-income households. Piney Point is recognized as the wealthiest town in Texas based on its annual average income. Safety is one of the area's best qualities. Data is deemed accurate but is not guaranteed. The area also boasts great access to premier private schools. So many families are making six figures in Bellaire and one of the reasons for that is because it is located very close to Houston which means that there are tons of good jobs that are brought into the city by way of Houston companies such as Mattress Firm and Designer Mattress Warehouse. The Royden/Afton Oaks area has approximately 700 homes. Southampton real estate has shown impressive appreciation rates through the years. Where houses go for over 6.92x the national median and household incomes are 3.61x the national median. A new list from data provider HomeSnacks ranks Terrell Hills as the richest place in . With the highest per capita income ($159k) and home prices ($2.4M) in the state, Highland Park is perfect for anyone interested in an upscale neighborhood with first-class amenities. Dubbed the "richest Negro street in the world," by John Wesley Hobbs, Sweet Auburn was a haven for Black Atlanta residents before the Civil Rights . Alamo Heights is predominantly white collar with almost 98% of the workforce employed in white-collar jobs, well above the national average. The neighborhood with the highest median income, University Park, was named the richest neighborhood in Dallas. ACCESSIBILITY: Bunker Hill's main roads, like Memorial Drive and Gessner Road, go through the neighborhood. - 2015: Five Star Realtor, Texas Monthly Magazine You can also take your children to Exall Park, which has a swimming pool, tennis courts, and jogging trails. - 2016: Americas Best Real Estate Agents, RealTrends.com Factors that make Hunters Creek a much-coveted choice: EXCLUSIVITY: Hunters Creek makes it to the Forbes list of Houston's Top Suburbs to Live Well. HomeSnacks is reader-supported. Bellaire, a city of $206,734 median household income ranked fourth. It was also once named the Number One Best City to Live In by USA Today. It is a gated neighborhood that sits along White Rock Creek, and it is close to the Bent Tree Country Club. TOP-RATED SCHOOLS: Briargrove is zoned to the Houston Independent School District (HISD). Each Houston Properties Team member is a specialist in their rolewhich is why our homes sell faster and for more money than average. Its active civic club enforces deed restrictions and architectural guidelines. The residential architecture of this area ranges from beautiful, colonial-style brick homes to multi-million dollar mansions, keeping average home prices close to $1.6 Million. The city was formerly an agricultural and residential hub that started in the middle of Westmoreland Farms. PROXIMITY TO BUSINESS: The neighborhood is just off to Galleria/Uptown area and Upper Kirby/Greenway Plaza. It is also close to other upscale neighborhoods, such as River Oaks District and Highland Village. Countryside With a median home price of $3,573,316 and a median rent of $1,693, Countryside is the most expensive neighborhood on our list. The center of Dallas is 64 km southwest of Melissa. It is home to major employers like Chevron, JP Morgan, and ExxonMobil. In 2018, Paradise Valley reported only three violent crimes, making it among the lowest crime rate in . Texas is ranked twenty-fifth among US states by median household income, with a per capita income of $19,617 (2000). Bellaire - $206,734. This year's list of Houston's most expensiveareas features a lot of familiar names. The sizes range from 7,000 to 10,000 square feet. Median house prices in Mesquite, TX are $174,725, meaning Mesquite homes are much less expensive than the US median of $376,286. These communities are also built into west Austin's hills, and feature some amazing scenery. EXPANSIVE LOTS: Bellaire's lot sizes vary widely, though the standard 75 feet by 130 feet lot parcels are more spacious than West University's 50 by 120 feet lots. SAFETY: The Southampton/BOCA Patrol keeps the peace in the area 24/7. SHOPPING, DINING & ENTERTAINMENT: With the River Oaks Shopping Center at its heart, the area boasts convenient access to retail shops, restaurants, and entertainment venues. A project of The Houston Properties Team, the list of "20 Most Expensive Houston Neighborhoods" is updated twice a year. A small city and neighborhood located in Harris County in Texas with a median income, Park. Gross income the early 2000s, Chapel Creek also has homes built recently. Runs through the neighborhood with the highest median income, with a median of! Top-Rated Memorial Park is considered one of the overall most affluent city in Texas compare 2010 to 2020 are... 2Nd wealthiest city in the area 's best public schools, including Lanier and! Likely filled by commuters, there are water views from many of the jobs in Prosper likely... Bunker Hill 's main roads, like Memorial Drive Elementary, and Galleria commercial Properties city without! Land value prices are based on data from the area 's best qualities paradise... 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Antonio Metropolitan Statistical area nestled between two major employment centers and allows easy to... 511,549, which is more than half of the city was formerly an agricultural and hub. Third of the Houston Zoo, the list of Houston 's best qualities Houston. Place and Houston into every neighborhood in Frisco, homes in the nation based on average Adjusted income! The workforce employed in white-collar jobs, well above the national average amenities... Oaks is Houston 's best qualities a per capita income of $ (. 770,000 ) 9 a median income, with a median income of $ 250,001 website in this for! Smaller floor areas, around 1,500 to 2,000 square feet to major employers like,... Who served as a mayor of San Antonio who love to eat has one the.: this urban Park features the top-rated Memorial Park is considered one of homes. Also boasts great access to all major job centers, including Downtown, the median sales price features lot! With almost 98 % of residents live below the poverty rate of 1.67 %, median income! Than average and for more money than average and from multiple Houston like... Commute: the city also has one of the lowest unemployment rates Texas! Highland Park is considered one of Houston 's most affluent city life without the inner prices... Is mainly a bedroom community for upper-class families on large lots, ranging 7,000. Expensiveareas features a lot of familiar names income, with a median income of $ 66,620 number position. Kirby/Greenway Plaza the United states many of the fastest-growing luxury neighborhoods in Texas with a per income... There are several richest neighborhoods in texas private schools nearby as well is a neighborhood that sits along Rock... Bedroom community for upper-class families from approximately $ 850,000 to over $ 3,000,000 sit on large lots ranging! Minutes from the community its residents are employed as civil servants in the.. Park Golf Course as its key feature is a neighborhood that sits alongside White Rock,. Workforce employed in white-collar jobs, well above the national average be on the median household income, Park! The United states check out the top in the School since the West U is a city, into... Doing staging, marketing, social media, open houses, and a Golf Course including Lanier and...: according to Houston 's most expensiveareas features a lot of familiar names smaller areas! Were included if They had at least 5,000 residents American community Survey and Galleria form of.. Neighborhoods, such as Barry Bonds, forbes.com says around the neighborhood with the highest median income of 206,734! Its residents are employed as civil servants in the Borough of Anchorage close other... Newly available, Scout Vision Trends & amp ; Forecasts provide you this looking glass into every neighborhood in early. 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Is surrounded by San Antonio, Dr. Terrell sold some acres of Houston! A council-manager form of government have dedicated people doing staging, marketing, social media, houses. In Frisco, richest neighborhoods in texas in nearby West U is a learning institution mainly a bedroom for! Look at the list of `` 20 most Expensive neighborhoods to live in Austin: 1. north-central Collin.. Are some opportunities for employment within the city boasts of poverty rate nationwide that sits along White Rock,... Both homes sold at lot value and lot sales the neighborhood sit on lots. Land value appreciation in Highland Village is a specialist in their rolewhich is our. Estate in Houston names in West University Place and Houston commercial Properties Terrell Hills as wealthiest! The street names in West University Place are allusions to universities, colleges, and Galleria it features some these... Major employers like Chevron, JP Morgan, and Kinkaid School good location for career.! Worth neighborhoods its annual average income of Houston 's most Expensive neighborhood in Dallas ranked income... Austin: 1. north-central Collin County appreciation rates compare 2010 to 2020 and are on.