It depends where you want to do real estate, of course like all cities. There are couple neighborhoods around mines are actually going down in value for some reason. My house, in an older neighborhood( around 15+ years older) went up in value as of recent. Pops bought the house for around 150,000 back in 2000-2001. It now cost 200,000+/- for the house now. While the neighborhood my girl stays( just built up around 4 years ago) bought the house for 190,000, and is now 185,000
I lve in the greater houston area, outside of the beltway 8 loop, were its more residental. Between beltway 8 and 610 loop, you have older model homes, but cost alot more since its alot closer to the city. And of course the innerloop is the urban area. Costing a butt load. Of course there not going to be NYC or D.C prices, like pushing 1 mil for a 3 room apartment, but its alot heftier than where im leaving.
Just say you can build a pretty bad mofo house with 500,000-750,000. Your looking at private driveway, 6-7 rooms, 5+ baths, probably up and down stars living room, spiral stairs, pool in the back, and probably 3-4 garage parking.
My house that was 150,000 has 4 rooms, 2.5 baths, 2story, fish pond, glass room, and seperate garage just to give you an idea.
Hopefully you have a car too, you would die if you dont have one in houston, everything is really spread out.
If your balling enough, look up the post oaks/galleria area of houston. Or even sugarland.
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