Community spotlight: The Woodlands

City's housing market and commercial sector are primary growth drivers
  • The average sales price of a home in the city was recently almost $500,000.
  • The city has a number of larger employers.
  • During the first half of this year the city will see its stock of rental units increase.

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Modeled after master-planned communities like Reston, Virginia and Irvine, California, The Woodlands is among Houston's largest communities. The suburb of nearly 108,000 houses not only a consortium of luxury homes and new multifamily but also a sizable amount of commercial buildings. Located roughly 30 miles north of downtown Houston in Montgomery County, the city's largest employers include Anadarko Petroleum (2,400 employees), Hewitt Associates (2,200 employees) and Memorial Hermann the Woodlands Hospital (1,800 employees). Other major employers include Baker Hughes, Huntsman Company, Woodforest National Bank and Chevron Phillips Chemical Company. The Woodlands real estate market During a 12-month period it is not uncommon for more than 2,000 existing single-family homes to sell in The Woodlands. Spanning one recent 12-month period nearly 2,100 homes traded at an average price of roughly $496,000. The average price suggests the city has a stock of $1 million-plus luxur...