How much does it cost to buy a house in Houston Heights? Known for its tree-lined streets, vibrant community, and mix of historic and modern homes, the Heights attracts buyers looking for urban living with a neighborhood feel. Considering property values have nearly doubled over the past decade, understanding the current cost of buying a home in this desirable area is crucial for prospective buyers. 

In this blog post, Houston Heights real estate expert Chris Schmidt at Your Home Sold Guaranteed Realty - Chris Schmidt Team discusses how much it costs to buy a house in Houston Heights.

Key Takeaways:

• In recent months, the median home value in Houston Heights was $649,037, reflecting a 0.2% decrease compared to last year.
• Home prices range widely from $359,000 to over $2.4 million, offering options for various budgets.
• The average price per square foot is $302, making it one of Houston’s premium inner-loop neighborhoods.

How Much Does It Cost to Buy a House in Houston Heights?

In recent months, the median sale price in Houston Heights was $649,037, which is about the same as prices last year. The market is also neutral, which means final sale prices tend to align with market value and neither buyers nor sellers have an advantage in the market. Properties often move quickly, with 58% of homes sold in under 30 days and 27% sold within 30 to 90 days.

The area has shown strong appreciation, with home values nearly doubling over the past decade. Recent trends show:

• Home values have nearly doubled over the past decade.
• Continued strong demand from buyers.
• Limited inventory keeping prices stable.

Houston Heights real estate expert Chris Schmidt explains,

“The Houston Heights market has transformed dramatically over the past decade. What once was a hidden gem has become one of Houston’s most prestigious neighborhoods, and the prices reflect that evolution.”

Price Ranges and Property Types

How much it costs to buy a house in Houston Heights also depends on what type of home you want. Homes in the Heights typically range from modest bungalows to luxury new construction. Entry-level homes in Houston Heights typically start around $359,000, often representing smaller bungalows or condominiums that may need updating.

Mid-range properties, such as updated historic homes or newer townhouses, generally fall between $600,000 and $900,000. Luxury properties, particularly new construction or fully restored historic homes, can exceed $2.4 million.

Schmidt notes,

“What makes Houston Heights unique is its variety. You can find everything from a 1920s craftsman bungalow to a modern architectural masterpiece within blocks of each other, each commanding its own price point based on size, condition, and specific location.”

What Factors Affect Home Prices?

Aside from property type, several other factors also affect how much it costs to buy a house in Houston Heights. As a buyer, you should evaluate these three main factors:

• Location Within the Heights: Proximity to popular amenities like 19th Street shopping, Heights Boulevard, or Heights Hike and Bike Trail can significantly impact prices.
• Property Age and Condition: Historic homes that have been thoughtfully updated often command premium prices, while those needing renovation may offer more affordable entry points for buyers.
• Size and Features: The average price per square foot of $302 varies based on home size, with larger homes often having a lower per-square-foot cost but higher overall price.

Additional Costs to Consider

Of course, buying a house comes with more costs than just the home price. If you want to build an accurate budget and purchase a house you can truly afford, you’ll need to consider several other costs:

• Property Taxes: Houston Heights homes are subject to Harris County tax rates, which can add significantly to monthly housing costs.
• Insurance: Given Houston’s climate, flood insurance may be required in addition to standard homeowner’s insurance.
• Maintenance: Historic homes often require more maintenance and occasional specialized repairs.
• HOA fees: If you live in a community with an HOA, you’ll likely have to pay additional fees.

Planning Your Purchase

If you’re planning to buy a home in Houston Heights, consider these steps to plan a successful purchase:

• Determine your budget, including down payment and monthly payments
• Research specific streets and sub-neighborhoods
• Consider different housing types, including both historic and new construction options
• Work with a realtor familiar with Heights properties
• Get pre-approved for a mortgage

Buying a home in Houston Heights is a significant investment, with prices reflecting the area’s desirability and historic character. The neighborhood’s popularity, limited inventory, and continued development suggest that demand will only keep growing.

Working with a knowledgeable local realtor is the best way to navigate the various options and price points in this dynamic market.

We Can Help You Buy a House in Houston Heights

If you’re planning to buy a house in Houston Heights, you’ll need an experienced realtor on your side. At Your Home Sold Guaranteed Realty - Chris Schmidt Team, Chris Schmidt and our team have been continually ranked as the best realtor in Houston Heights. 

We’ve helped many buyers find homes that match their budget and preferences thanks to our in-depth knowledge of the local Houston real estate market and unique buyer guarantees, including our Buy it Back Guarantee.

If you are interested in working with our team to buy a home in Houston Heights, call or text today at 713-322-5604. You can also use the form below. Don’t have to wait to find your dream home in Houston!

To Discuss Your Home Sale or Purchase, Call or Text Today and Start Packing!