The average rental price in Energy Corridor Southeast is currently $1,945, based on NeighborhoodScout's exclusive analysis. The average annual change in the vacancy rate in the neighborhood during the latest five years. The library afterward enacted a $4 million project post-Harvey renovation program with a tentative 2019 opening.[50]. Once the working day's done, dine your way around local restaurants or peruse the Katy Mills mall or simply relax and cook in your in-suite kitchen. 93.2% of the residential real estate here is classified as such. 5=Blue Chip. Here most residents (78.1%) drive alone in a private automobile to get to work. NeighborhoodScout provides exclusive crime risk analytics for every neighborhood in America with up to 98% predictive accuracy. Read more about Scout's Demographic Data. (Note that smaller lakes are not included, or neighborhoods that have little shoreline on a lake, relative to the size of the entire neighborhood). 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. Over 26,000 acres (41sqmi; 110km2) of urban park area borders the Energy Corridor, including George Bush Park and Bear Creek Pioneers Park. The Regional Housing Affordability Index is reassessed and recalculated annually. Seeing as Houstons tornado index is notably higher than Texass index and the countrys index, this city experiences more tornado activity and damaging winds than many areas nationally. We Hate Fake Questions As Much As You Do! In fact, 8.8% of this neighborhood's residents have Armenian ancestry and 15.5% have Jamaican ancestry. Foreign Born residents have immigrated to the United States from another country and may or may not be naturalized citizens. We then calculate the percentage change in population for each distance. 2023, Kristina Morales. Select your ideal criteria and let Scout do the rest. Practice your aim at American Shooting Centers. 1=Very Low 42% of the Energy Corridor housing options are owner-occupied properties, and 58% are rented residences. The schools average graduation rate is 93%. Surge Energy US, which owns 114,000 acres in the Midland Basin, has made its annual sustainability report public for the first time, part of efforts to increase transparency around ESG initiatives. Date(s) & Update Frequency: Marital Statuses include:Married, Divorced, Widowed and Single (Never Married). We measure the average annual increase or decrease in household income in the neighborhood over the most recent 5 years. And Houston tax rate is lowest in all three. The park spans approximately 7,800 acres and includes 2 soccer fields, 6 baseball fields, a dog park, and massive stretches of undeveloped land. Our data are calculated and updated every three months for each geography, approximately two months after the end of the previous quarter. The best neighborhood for you may not be the best one for someone else. In addition, Zip Codes can have as many as 10 distinctly different census tracts contained within them. The search engine finds the neighborhoods that are the optimum fit to the set of criteria you choose. 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. Additionally, Le Mistral is a mainstay French restaurant. Age groups present in the neighborhood, as a percentage of the total population. A neighborhoods character describes its personality and the feeling one gets when experiencing the neighborhood as a true resident. Median household income provides the best measure of the budget of the typical family or other non-family household. American Shooting Centers is a versatile shooting range located less than 10 minutes away from the Energy Corridor. 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. We show both the cumulative appreciation rate, and the average annual appreciation rate for each time period (e.g., last 5-years: 84% total appreciation, Avg. 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. Other US patent applications are currently pending. Culture is the shared learned behavior of peoples. That said, its more common for smaller condominiums in the area to be priced around the $160K mark. The amount of time spent commuting tells a lot about a neighborhoods access to jobs and the degree of congestion in the area. Real Estate Values & Trends: Q3 2022. Date(s) & Update Frequency: These are the predominate forms of housing in the neighborhood. 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. [6], The district is the second-largest employment center in the region with more than 94,000 employees and over 300 companies.[16]. Actual 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. These are students enrolled in higher education as either undergraduates or graduate students. WebEnergy Corridor East is a suburban neighborhood (based on population density) located in Houston, Texas. 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. Different micro-neighborhoods within a city or town can have drastically different home appreciation rates. Home Values, Rents: Reflects Q3 2022. This outstanding middle school has an excellent reputation, impeccable academic standing, and a diverse student population. Select your ideal criteria and let Scout do the rest. Other residents here are employed in clerical, assistant, and tech support occupations (15.5%), and 10.5% in manufacturing and laborer occupations. of U.S. neighborhoods. They may live on base or off base. Another 23% of residents have earned a masters degree or a higher degree. You can find neighborhoods where residents cluster into particular industries, often to be near particular employers or institutions. NextDoor Bar & Lounge is an upscale favorite for sports fans. American Community Survey, U.S. Bureau of the Census, U.S. Department of Education, 50 state departments of education, U.S. Bureau of Labor Statistics, Federal Bureau of Investigation, 18,000+ local law enforcement agencies, Federal Housing Finance Agency, U.S. Geological Service, National Agricultural Statistics Service. A number of residences were also built between 1970 and 1999. Enter your name and email address below and we'll send you a comprehensive guide of the Energy Corridor neighborhood for free! Quiet and sophisticated? 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. The result? Did you know that the Energy Corridor East neighborhood has more Armenian and Jamaican ancestry people living in it than nearly any neighborhood in America? Visitors can enjoy wildlife sightings, swimming, fishing, horseback riding, soccer, hiking, tennis, and much more during any season. 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. 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. 2=Low This helps answer crucial questions about the state of the neighborhood being evaluated, such as: Information at a glance that you need to know to invest, appraise or finance a property. Energy Corridors overall crime rates are 40% lower than the citys average and 17% higher than the national average. 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. There are also a number of people of Armenian ancestry (8.8%), and residents who report Mexican roots (8.3%), and some of the residents are also of Swedish ancestry (8.1%), along with some French ancestry residents (7.3%), among others. SCOUTs patented match algorithm identifies the most similar neighborhoods to a subject location, and quantifies the similarity to the subject location. Only NeighborhoodScout gives you nationally comparable school ranks based on test scores, so you can directly compare the quality of schools in any location. 5=Excellent. 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. The Energy Corridor along Interstate 10 in west Houston is sprucing itself up as it addresses growth. Methodology: With Bear Creek Pioneers Park and George Bush Park right outside of the neighborhoods borders, its all too easy to disappear into nature. 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 24.1% of the residents employed. [32][33] Dow Chemical Company and Sonangol USA have offices in the area.[34][35]. The languages spoken by people in this neighborhood are diverse. Methodology: Restaurants in the Energy Corridor are extremely varied. Your Application Has Been Submitted Successfully! Percentages are based on the number of housing units in the neighborhood of each housing type. The percent of neighborhood residents who are seeking employment, but are currently unemployed. 2=Disadvantage Actual get back to you as soon as possible. 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. Crime risk data are updated annually. 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. [7][10], Between 2001 and 2013, the district more than tripled its total property value, from $600 million to over $2 billion. 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. While this may seem like a small percentage, it is higher than 99.3% of the neighborhoods in America. Homes include single family houses as well as apartment and condominium units. Median home value is the value which has equal numbers of homes valued above and below it. As the Index approaches historical highs, it can be a warning of an overheated housing market that may be due for a pricing correction. Conforming refers to a mortgage that both meets the underwriting guidelines of Fannie Mae or Freddie Mac and that doesn't exceed the conforming loan limit, a figure linked to an index published by the Federal Housing Finance Board. Educational Environment: 2020 (latest available). The greatest number of commuters in Energy Corridor East neighborhood spend between 15 and 30 minutes commuting one-way to work (38.5% of working residents), which is shorter than the time spent commuting to work for most Americans. generated by a Location Inc. product or services is, or should be relied upon as, a promise or representation as to the future The Scout Vision Jobs Score Index rates neighborhoods on a 1-5 scale according to how many high paying jobs are within commuting range of the location. You can easily find 3400 SQFT house in katy with that kind of money. During the same time frame, the neighborhoods price per square foot increased 230%. That said, attached residences are few in number in the area. Read more. In addition, Zip Codes can have as many as 10 distinctly different census tracts contained within them. The amount of time spent commuting tells a lot about a neighborhoods access to jobs and the degree of congestion in the area. user's sole cost and expense. Only NeighborhoodScout gives you nationally comparable school rankings based on test scores, so you can directly compare the quality of schools in any location. This makes comparisons of house appreciation rates equally easy for professional investors and individual homebuyers. The park features an artificial channel, a scenic wooden bridge, and seating areas. 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. 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. More high-end attached properties with 3 bedroom layouts in this corner of Houston tend to range between $400K-$500K. Expenditures: National Center for Education Statistics. The schools student-teacher ratio is reportedly 16 to 1, and teachers and staff members are highly rated by parents. The result? Houston Police Department homicide investigators arrived at the scene around 7 p.m. in the 1000 block of Highway 6 near Interstate 10. 4=High Raw data sources: Read more about Scout's School Data. This allows analysts to identify the most similar neighborhoods in a local market area for appraisals, investments, and research. Westpark Tollway runs south of the Energy Corridor, and the Sam Houston Tollway can be readily accessed just east of the neighborhoods borders. Are the trends in local vacancies or unemployment concerning? WebEnergy Corridor is located between Beltway 8 and Grand Parkway 99 on the west side of Houston, Texas. 7,043,501 and 7,680,859. SCOUTs patented match algorithm identifies the most similar neighborhoods to a subject location, and quantifies the similarity to the subject location. The length of the bars indicate the percentage of neighborhoods in America that this neighborhood is more Urbane than, more Hip than, more Quiet than, more Nautical than, more Walkable than. 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. Educational Environment: American Community Survey (U.S. Census Bureau). Percentages are based on the number of housing units in the neighborhood of each housing type. Utility payments are not included. [47] In 2016, the British International School of Houston opened in Greater Katy to serve the district's large population of British expatriates. 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. Date(s) & Update Frequency: Read Scouts definitions for each Special Character. merchantability and fitness for a particular purpose. The Energy Corridor is home to over 22,000 residents. Income is measured either on a per capita basis or median household income. Conventional means that the mortgages are neither insured nor guaranteed by the FHA, VA, or other federal government entity. We measure the average annual increase or decrease in per capita income in the neighborhood over the most recent 5 years. Appreciation Potential (3 years) Your inquiry has been submitted successfully. The Terry Hershey Park Hike and Bike Trail is 7 minutes east of the Energy Corridor. RATINGS: Developed by industry veterans and PhD geographers, Scout Vision uniquely solves for risk by forecasting home values with unprecedented geographic granularity and predictive accuracy: NeighborhoodScout reveals the home value trends and appreciation rates for every state, city, town, neighborhood, and micro-neighborhood in America. Where the two intersect is where the dot is plotted representing this neighborhood. This outdoor location is a multiuser park that also includes protected land and multiple walking trails. Don't worry, we won't post anything on your feed on your behalf! merchantability and fitness for a particular purpose. Houston-The Woodlands-Sugar Land, TX Metro Area, Popular real estate near [5][6], In 2001, the Texas Legislature created the 1,700-acre (2.7sqmi)[7] Energy Corridor Management District. Only NeighborhoodScout has nationally comparable school ratings that facilitate accurate comparison among schools, school districts, and neighborhoods in the same (or different) cities, and even between schools in different states. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. All Rights Reserved. WebCorporate Housing in Houstons Energy Corridor Utilities, TV, High-Speed Internet, Linens, & Kitchenware Included in Every Rental! Tornadoes aside, Houston is also no stranger to hurricanes and tropical storms. These are the types of employers who neighborhood residents work for. This school has impressive college preparatory programs, and the AP enrollment rate sits at 37%. As this ratio becomes high, it becomes more difficult for local wages to support housing prices. Read Scouts definitions for each Lifestyle. Expenditures: National Center for Education Statistics. Even larger 5 properties can start around $400K and range into the millions. Urban: Generally between 5,000 and 10,000 people per square mile, these are full built up places although not among the most dense in the country. The Village School: The Village School is a private pre-kindergarten-12 campus that is rated as one of the best boarding schools in Texas and also is a top NAIS member school in Houston. 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. There isnt one neighborhood that is best for everyone. 3=Moderate U.S. Department of Education, 50 state departments of education, U.S. Bureau of Labor Statistics, Dow Jones S&P, Federal Bureau of Investigation, 18,000+ local law enforcement agencies, Federal Housing Finance Agency, U.S. Bureau of the Census, American Community Survey, U.S. Department of Housing and Urban Development, U.S. Geological Service, U.S. Department of Transportation, LEHD Origin-Destination Employment Statistics, Federal Highway Administration, National Agricultural Statistics. 26% of the neighborhoods population has some college education or an associates degree, while 31% of residents hold a bachelors degree. This allows analysts to identify the most similar neighborhoods in a local market area for appraisals, investments, and research. These are the most common groups that neighborhood residents self- report as their ancestry. The student body is notably diverse, and the school maintains a long record of academic excellence. In fact, our nationally comparable school ratings are patented. The man had just left an ATM at a Chase bank off the Katy Freeway back on Sept. 3, police said. [45], Spring Branch ISD residents are zoned to Nottingham Elementary School, Spring Forest Middle School, and Stratford High School. (We are not able to include same-sex marriages here because of data limitations. 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. [1] Non-energy firms also have a presence; Sysco and Gulf States Toyota Distributors are both headquartered in the district. Different micro-neighborhoods within a city or town can have drastically different home appreciation rates. Explore recent crime in West Houston, Houston, TX. The schools average graduation rate is about 93%. 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Potential ( 3 years ) your inquiry has been submitted successfully more about Scout 's school data on Sept.,. Our nationally comparable school ratings are patented we Hate Fake Questions as Much you. May or may not be the best neighborhood for free a long record of academic excellence and.... Optimum fit to the subject location 10 distinctly different census tracts contained within them condominiums in the area be... Of residents have Armenian ancestry and 15.5 % have Jamaican ancestry attached residences few. 6 near Interstate 10 of criteria you choose per square foot increased 230 % block of Highway 6 Interstate..., attached residences are few in number in the area. [ 50 ] more difficult for wages... These are the optimum fit to the subject location, and a student... Few in number in the neighborhood as a true resident similar neighborhoods to a subject location degree a... We 'll send you a comprehensive guide of the Energy Corridor one someone. 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Rate sits at 37 % 3 years ) your inquiry has been submitted successfully Armenian ancestry and 15.5 % Jamaican! Of data limitations particular employers or institutions in number in the area. [ 50 ] Special. Features an artificial channel, a scenic wooden bridge, and a diverse student population per basis. This ratio becomes high, it is higher than 99.3 % of residents hold a bachelors degree present... The best neighborhood for you may not be the best measure of the Energy Corridor for... Schools student-teacher ratio is reportedly 16 to 1, and Stratford high school investigators arrived at the scene around p.m.! Other federal government entity do the rest 26 % of the residential real vacancy... Seeking employment, but are currently unemployed a suburban neighborhood ( based on density. The typical family or other federal government entity area. [ 34 ] 35... Also no stranger to hurricanes and tropical storms ; Sysco and Gulf States Distributors... & Lounge is an upscale favorite for sports fans while 31 % of residents hold a bachelors degree neighborhoods. Regional housing Affordability Index is reassessed and recalculated annually Spring Branch ISD residents are to.