Modeled after master-planned communities like Reston, Virginia and Irvine, California, The Woodlands is among Houston’s largest submarkets.

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.

  • 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.

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 luxury homes, along with a group of 2006- to 2008-built modern mansions, which carry price tags of more than $3 million.

As of early April, nearly 5,000 existing homes within the city were on the market, with the median list price being $369,000.

The quality of its schools is one driver of home values in the city.

The Conroe Independent School District recently ranked the sixth top district in the Houston metro. GreatSchools gives a “10” rating to a ten of the city’s elementary schools, along with six middle schools and two high schools.

The city’s stock of rental housing is slated to expand during the first half of 2016, as seven multifamily projects will have been delivered in The Woodlands/South Conroe market spanning January to May. These projects will account for nearly 2,200 units. There are currently three additional multifamily developments proposed.

In what is likely good news for residences, section G of the Grand Parkway recently opened on March 29. This 14.8-mile section connects Highway 59 to Interstate 45 via State Highway 99.

Upcoming events within the city include the Woodland Waterway Arts Festival and summer concerts at the Cynthia Woods Mitchell Pavilion. Both events take place along the Woodland Waterway, which is modeled after San Antonio’s Riverwalk and connects the pavilion with the Marriot Hotel & Convention Center and the mall.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Black Friday starts now! We've got great deals on Inman Connect New York in-person and virtual tickets. Register now×
Cyber Week Sale: Get 1 year of Inman Select for $75.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription