In the past two decades, Midtown Houston has evolved into a bustling community that combines the perfect blend of modern, center-city living with an abundance of arts and cultural offerings. Young professionals and families value the proximity to convenient transportation and nearby parks, and new data shows just how much the area is continuing to grow.
Why are People Flocking to Midtown?
According to SmartAsset, millennials are fleeing cities like Los Angeles and Chicago and migrating to other areas in search of work and a better quality of life. The report revealed that Houston currently ranks as the number 18 spot for young professionals aged 25 to 39. With its multitude of green spaces like Bagby Park, Midtown Park, Glover Park, and Elizabeth Baldwin Park, residents can indulge in outdoor adventures found in other major cities while still enjoying a year-round tropical climate. Dog owners, runners, and families get the chance to soak up the sunshine among native plants, despite being in the heart of a big city.
Additionally, the area is home to more than 55 restaurants and coffee shops, and iconic arts and entertainment institutions like the Buffalo Soldiers National Museum, The Ensemble Theatre, MATCH, and the Houston Center for Contemporary Craft.
Who Makes Midtown Houston Their Home?
With 50.7% of the 2020 population between the ages of 25 and 44, Midtown continues to attract young professionals and new families. According to demographic data from Esri, Midtown grew from a population of 6,494 to nearly 15,000 between the years 2000 and 2020. That’s a population increase of more than double in size, bringing with it a diversity of residents, culture, and entertainment. The expected population growth rate between 2020 and 2025 is 4.30%, and the median household income is forecasted to reach nearly $100,000 in the year 2025. In 2020, the median household income for residents was $88,954, with a median age of 35.
Those looking to enter the real estate market should consider that the median Midtown home value may bump from $356,000 to $380,588 between 2020 and 2025. Midtown thrives because it’s in the heart of a diverse, innovative city while still offering access to outdoor adventures and eclectic food, drink, and artistic experiences. To learn more about the quality of life amenities that have attracted millennials to Midtown Houston click here.