Redfin recently released a report on the economic diversity of the nation’s major cities using 2014 city-specific median family income data from the American Community Survey. Houston was ranked as the no. 11 best city for a balanced mix, with 12 percent of its neighborhoods with balanced economic diversity.

Redfin recently released a report on the economic diversity of the nation’s major cities using 2014 city-specific median family income data from the American Community Survey. Houston was ranked as the no. 11 best city for a balanced mix, with 12 percent of its neighborhoods with balanced economic diversity.

The report determined purchasing power as a 20 percent down payment on a 30-year fixed-rate mortgage at 4 percent. Monthly family income going toward a mortgage was measured at 28 percent.

Redfin measured home price mix by summarizing a 500-meter grid, which were then classified as one of three categories: mix of affordable and high-end homes, high-end homes and affordable homes.

What’s the economic breakdown of Houston neighborhoods?

Houston
Balanced Mix Area High-end Area Affordable Area
Parkwood 100% Crestwood /
Memorial Park
100% Brookhaven 100%
Westmoreland / Montrose 82% Camp Logan 96% Sagemont 100%
Moonshine Hill 81% Gaywood 92% Lindale Park 100%
Sunset Terrace (West University) 75% Southampton 89% Near Northside 93%
Fourth Ward 71% Richmond Plaza/Bellaire 86% Andover 83%

Houston has a reported 16 percent of high-end areas and a whopping 72 percent of them are considered affordable.

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