Real estate website Zillow has released its predictions for the hottest housing markets of 2017, and while Houston didn't make the top 10 — led by Nashville; Seattle; and Provo, Utah — the study did reveal some interesting info about the Bayou City. Namely, which metro neighborhoods are on track to see the highest growth this year, and the winners may surprise you.
None of the hot Houston neighborhoods listed include the usual suspects often mentioned in glossy magazines. Instead a variety of up-and-coming areas around the city, where houses are generally priced less, with good connections to transportation, a diverse population, and an increasing number of amenities make them attractive places to put down roots.
Gulfton leads the list, with a rise of 8.9 percent in home value growth expected in 2017, based on the Zillow Home Value Forecast. Located in southwest Houston, Gulfton has had its ups and downs over the years, but is reemerging as a thriving area that represents the city's diversity.
No. 2 is Park Place, in southeast Houston near Hobby Airport, with an 8.3 percent growth rate. North Shore, in northeast Houston, is No. 3 with a growth rate of 7.1 percent. The Greater Hobby Area, surrounding Hobby Airport, with a 6.6 percent growth rate, is No. 4 and El Dorado/Oates Prairie, in northeast Houston outside of Loop 610, is No. 5 with a 6.5 percent growth rate.
No matter where you're looking, it's still true that buying is cheaper than renting in Houston. Though that certainly may change over the course of the year, prospective homebuyers should keep an eye on these sizzling neighborhoods as they begin or continue their house hunt.