Different micro-neighborhoods within a city or town can have drastically different home appreciation rates. 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. Energy Corridor residents should be on the lookout for weather advisories connected to thunderstorms, high winds, and potential tornado activity. serve this neighborhood. The person/persons smashed our rear driver The district is located north of Westchase, another major business district of Houston, and east of Greater Katy. Median home value is the value which has equal numbers of homes valued above and below it. performance or prediction of real estate values. Scout Visions exclusive Price Advantage Score compares home values per square foot in the neighborhood to other neighborhoods nearby. There isnt one neighborhood that is best for everyone. Based on recent trends, its generally safe to assume that sales prices will steadily increase in the years to come. In addition, one of the really unique and interesting things about the look and setting of the Energy Corridor Southeast neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. GET FULL REPORTS FOR ANY SCHOOL IN THIS DISTRICT. This established campus is routinely well-rated among parents and teachers. Methodology: Over 1,000 students are enrolled in this campus, and state test scores show that 89% of students are proficient in math, while 83% are proficient in reading. Notably, 68% of students at this school qualify for free or reduced lunches. (Note that smaller lakes are not included, or neighborhoods that have little shoreline on a lake, relative to the size of the entire neighborhood). Energy Corridor Southeast. These are students enrolled in higher education as either undergraduates or graduate students. Methodology: Appreciation Potential (3 years) But 350K only buys you a 2400 SQFT house there. The average annual change in the vacancy rate in the neighborhood during the latest five years. 2=Low RATINGS: In the Energy Corridor Southeast neighborhood in Houston, TX, residents most commonly identify their ethnicity or ancestry as Mexican (16.4%). The Metropolitan Transit Authority of Harris County, Texas (METRO) provides public transportation to the area. [43] Residents zoned to Westside may transfer to Lamar High School. This neighborhood is located in the West section of Houston, TX. Police believe he was followed to his home in the 700 block of Trademark Place in the Energy Corridor. Katy ISD contains many National Blue Ribbon Schools and offers AP and college preparatory programs. Larger 3 bedroom apartments in the neighborhood average around $1,640 per month. When distinct census tracts are blended together in a single Zip Code, the data reflects their average conditions and often gives a false sense of the area. State tests show that 76% of students are at least proficient in math, while 72% are at least proficient in reading. 50% of households earn over $75K annually, while 35% earn between $25K-$75K annually. Crime risk data are updated annually. 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. 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. Where is 2022 data? They may live on base or off base. The languages spoken by people in this neighborhood are diverse. 4=Very Good Only NeighborhoodScout gives you nationally comparable school ranks based on test scores, so you can directly compare the quality of schools in any location. In the Energy Corridor Southeast neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 95.5% of U.S. Average annual rent as a percentage of property value. get back to you as soon as possible. Scout Visions exclusive Price Advantage Score compares home values per square foot in the neighborhood to other neighborhoods nearby. Two general aviation airports serve the Energy Corridor: West Houston Airport, near Addicks Reservoir, and Houston Executive Airport in unincorporated Waller County. The latter was built to serve employees of firms in the Energy Corridor. Read more about Scout's School Data. Income is measured either on a per capita basis or median household income. Densely Urban: With densities above 10,000 people per square mile these are some of the densest neighborhoods in the nation. 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. Densely Urban: With densities above 10,000 people per square mile these are some of the densest neighborhoods in the nation. 5=Strong Advantage. More diverse than Read more. [15], Historically, the Energy Corridor has been one of Houston's strongest office markets. Date(s) & Update Frequency: Lakefront: The neighborhood includes shoreline on a significant body of freshwater. This makes comparisons of house appreciation rates equally easy for professional investors and individual homebuyers. Here most residents (78.1%) drive alone in a private automobile to get to work. The percent of neighborhood residents who are seeking employment, but are currently unemployed. Suburban: Although not necessarily outside city limits, these neighborhoods have a more generous amount of space per person with densities generally between 1,000 and 5,000 people per square mile. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 78.0% of the neighborhoods in America. Significantly, 5.2% of its residents five years old and above primarily speak Portuguese at home. 2=Low Explore the Terry Hershey Park Hike and Bike Trail. Please note: Unemployment data updated November 2022. By using the site you agree to our The 3 year appreciation forecast for each region is classified into 1 - 5 categories based on how this regions forecast 3 year performance compares to the real estate appreciation rates experienced in all regions nationwide for every 3 year period since 1999. This provides context for comparing what is very low, low, moderate, high, and rising star appreciation performance. We calculate rental price trends as the average annual change in market rent paid in the neighborhood over the latest 5 years. The Scout Vision Regional Investment Index rates a regions 3 year appreciation forecast on a 1 -5 scale, from 1 (Very Low) to 5 (Rising Star). The neighbors in the Energy Corridor East neighborhood in Houston are upper-middle income, making it an above average income neighborhood. Know how good the public schools are before you buy a home, invest, or relocate. 1=Very Low 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. 2=Disadvantage The predominate size of homes in the neighborhood, based on the number of bedrooms. 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. It takes less than 20 minutes to reach Sugar Land by car from the neighborhood, and it also takes about 20 minutes to commute to Downtown Houston. Additionally, Le Mistral is a mainstay French restaurant. One man was found dead and another in critical condition suffering multiple gunshot wounds Friday night near the Energy Corridor, according to police. Houston Police Department homicide investigators arrived at the scene around 7 p.m. in the 1000 block of Highway 6 near Interstate 10. The man in critical condition was taken to a nearby hospital. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. 3=Similar Price Energy Corridor Southeast is a densely urban neighborhood (based on population density) located in Houston, Texas. It is well known that the quality of education provided by public schools varies greatly from school district to school district, and from city to city. Updated annually. Date(s) & Update Frequency: The average annual change in homeownership rates in the neighborhood during the latest five years. 3=Moderate WebWe've stayed in the Energy Corridor before with no problems, but this time, our car was broken into at the hotel we are staying. Read more. Practice your aim at American Shooting Centers. [3] These parks are located within Barker Reservoir and Addicks Reservoir, respectively, which comprise a major flood control system for Buffalo Bayou. Popular Listings. These are students enrolled in higher education as either undergraduates or graduate students. Home Values, Rents: Reflects Q3 2022. Teachers at this school are highly educated and experienced, and the student-teacher ratio sits at 14 to 1. Nothing contained in or Lakefront: The neighborhood includes shoreline on a significant body of freshwater. In the Energy Corridor East neighborhood, 53.3% of the working population is employed in executive, management, and professional occupations. 1=Very Low [7][10], Between 2001 and 2013, the district more than tripled its total property value, from $600 million to over $2 billion. 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. NeighborhoodScout has calculated and provides home appreciation rates as a percentage change in the resale value of existing homes in that city, town, neighborhood or micro-neighborhood over the latest quarter, the last year, 2-years, 5-years, 10-years, and even from 2000 to present. Even larger residences with 5 bedrooms can be priced in the $975K ballpark range, and more luxurious properties in the Energy Corridor can be priced around $1.2 million and over. Another 11.8% of properties in the Energy Corridor vary between $336K-$448K, while about 10% of other properties range over $448K. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle. 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. 2020 (latest available). Is the risk of home break-ins or other property crimes increasing? NeighborhoodScout has calculated and provides home appreciation rates as a percentage change in the resale value of existing homes in that city, town, neighborhood or micro-neighborhood over the latest quarter, the last year, 2-years, 5-years, 10-years, and even from 2000 to present. The predominate size of homes in the neighborhood, based on the number of bedrooms. We measure the average annual increase or decrease in unemployment in the neighborhood over the most recent 5 years. Rates the quality of all K-12 public schools that We used Geographic Information Science to create a population surface for the entire United States, and then sum the population 5 years ago, and today within 8 different distances from the subject location, ranging from mile up to 50 miles. Questions? of U.S. neighborhoods. The estimated median household income is $86K. Average market rent is exclusively developed by NeighborhoodScout. We analyze school test performance for all schools that serve this location, and calculate the average annual increase or decrease in the school performance index, based on the percentage of students testing proficient or advanced in standardized testing. All Rights Reserved. Average market rent is exclusively developed by NeighborhoodScout. 2=Low [14], The Energy Corridor experienced extensive inland flooding from Hurricane Harvey in August and September 2017 after historic rainfall exceeded the retention capacity of the Addicks and Barker reservoirs. Methodology: Demographics, Crime Trends & Forecast: Reflects 2020 calendar year (latest available). arising out of the use this site and the data. This is possible by associating the 9.4 million reported crimes in the U.S, including over 2 million geocoded point locations. Violent crime is 7% more frequent than national rates. 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. Students living in the southern section of the neighborhood are directed to attend Houston ISD schools. We used Geographic Information Science to create a population surface for the entire United States, and then sum the population 5 years ago, and today within 8 different distances from the subject location, ranging from mile up to 50 miles. Each is on a scale from 0 to 100. As the Index approaches historical highs, it can be a warning of an overheated housing market that may be due for a pricing correction. Energy Corridor East real estate is primarily made up of small (studio Denver College of Nursing is establishing a campus in Houston and has signed a new lease with Florida-based Accesso for nearly 30,000 square feet in the Energy Corridor. [52], In 2015 Energy Corridor Cricket, a children's cricket club, was established. The average monthly cost of a studio apartment in the Energy Corridor sits at $1,050. The result? Different micro-neighborhoods within a city or town can have drastically different home appreciation rates. Real Estate Value Forecasts & Regional Analysis: Updated Quarterly. The share of using each mode of transport is measured as percentage of all working adults. It is well known that the quality of education provided by public schools varies greatly from school district to school district, and from city to city. of India. This value will be high in neighborhoods that attract new residents from around the country, and low in places where most residents grew up within the same state. Houston-The Woodlands-Sugar Land, TX Metro Area, Popular real estate near Read more about Scout's Demographic Data. 5=Excellent. The Energy Corridor is home to over 22,000 residents. Reflects 2021 calendar year; released from FBI in Oct. 2022 (latest available). The amount of time spent commuting tells a lot about a neighborhoods access to jobs and the degree of congestion in the area. [10] The amount of new office space added to the Energy Corridor between 2005 and 2015 is equivalent to the amount added during the preceding three decades. This residential area is considered safer than 39% of other cities in the state. This campus has excellent extracurricular activities, a gifted and talented program, and notably qualified teachers. 2 bedroom apartments in the Energy Corridor come with an average monthly rent of $1,440. results may differ materially from what is predicted in any information provided by Location Inc. We measure the average annual increase or decrease in household income in the neighborhood over the most recent 5 years. Copyright 2000-2023 Location Inc. Address? Location Inc. expressly disclaims any warranty of accuracy or predictability, and any warranty of [1][2] Parts of the district overlap with the Memorial area of Houston. These are the types of employers who neighborhood residents work for. [8] In Texas, management districts are special government entities empowered to levy commercial taxes within their boundaries to support investments in infrastructure, urban planning, district branding and advertising, and public safety. Many families enjoy this neighborhood based on factors like the affordable cost of living and great local schools, and young professionals also find this part of Houston attractive. Are highly educated and experienced, and rising star appreciation performance neighborhood during latest.: With densities above 10,000 people per square foot in the Energy Corridor is home to over 22,000.! Demographic data at the scene around 7 p.m. in the West section of the working population is employed in,. Section of the neighborhoods in America residents five years the 700 block of Trademark Place the! Each is on a per capita basis or median household income of time spent commuting tells a about! 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