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    Real Estate Round-up

    Mammoth Texas Medical Center set to grow even more: Look south, young doctors

    Ralph Bivins
    Jul 11, 2011 | 11:27 am
    • The $65 million Menninger Clinic will be completed in 2012.
      Photo by Ralph Bivins
    • Master plan for the Menninger Clinic
      Rendering courtesy of Menninger Clinic
    • Patient unit at the Menninger Clinic
      Rendering courtesy of Menninger Clinic
    • The Mennginer Clinic campus is under construction in southwest Houston.
      Photo by Ralph Bivins

    The ambitious new Menninger Clinic construction project — billed as the nation’s “epicenter for mental health” — is stretching the boundaries of the Texas Medical Center.

    The Texas Medical Center, already the biggest in the world, is going to grow a lot more in the years ahead. And Menninger is making a $65 million bet that the growth is going to spread to the south.

    The Menninger Clinic, recognized as one of the finest psychiatric treatment organizations in the world, is building a 50-acre campus out South Main, near South Post Oak Road. It sounds like it’s a long way from the Medical Center, but it’s really not. With overpasses and freeway-like improvements out on Main Street/ Highway 90, you can drive from the Menninger site to the Medical Center in five minutes.

    The beginnings of several buildings are already standing on the Menninger property, a huge piece of scraped dirt that is not much to look at in its present state. But by next summer, the site will have a 120-bed hospital in a low density, landscaped setting. And over the next decade that will be followed up with outpatient services buildings, a depression center, education center and an office building to house the headquarters of various mental health organizations.

    Thinking Texas Big

    The Menninger Clinic relocated from Kansas to Houston in 2003. Menninger has adopted a Texas-style appetite for growth, harkening back to the pre-Alaska days, when Texas was the biggest state in the union.

    The Texas Medical Center, already the biggest in the world, is going to grow a lot more in the years ahead. And Menninger is making a $65 million bet that the growth is going to spread to the south.

    “Our goal is to transform Houston into the nation’s epicenter for mental health treatment, research, education and advocacy,” Menninger Clinic president Ian Aitken says. “We intend to do for mental illness what M.D. Anderson has done for cancer.”

    Of course, the Menninger Clinic has the credentials to back this up. Menninger is consistently rated among the top 10 psychiatric hospitals in the nation by the annual U.S. News & World Report rankings. It is affiliated with Baylor College of Medicine and Methodist Hospital and Menninger staffers are on the faculty at Baylor.

    So when Menninger aims to become the nation’s “epicenter of mental health,” you get the feeling it’s not typical Texas braggadocio.

    Menninger officials had hoped to build the facility years earlier, but the recession pushed back the timetable. Construction is going at full-speed now with scores of workers on the site daily.

    The Footprint Gigantic

    The Menninger Clinic wanted a large campus with ample room for buildings and grounds. Mental health treatment can be conducted outdoors as patients and therapists stroll around the campus — keeping physically active is ideal for patients.

    But large pieces of affordable property are hard to find in the existing Medical Center. So Menninger went to the south where land was more plentiful and affordable, says Menninger spokeswoman Nancy Trowbridge.

    Plus the future growth of the Medical Center will be going to the south, Trowbridge says.

    The Medical Center is blocked from growth to the west by Rice University. Hermann Park and the Houston Zoo hem it in from the north. The west has Highway 288 and existing neighborhoods. So growth to the south — where there is still a lot of vacant and underutilized acreage — is the best option.

    It’s highly unlikely that the Texas Medical Center will ever go — with official or unofficial boundaries — as far as the Menninger site. But the Menninger Clinic will serve as a southwestern anchor for the Medical Center and Menninger will influence more medical growth on the south side of the Medical Center in years to come as a magnet pulling more medical related development to the south.

    Ralph Bivins, founding editor of RealtyNewsReport, is a past president of the National Association of Real Estate Editors.

    unspecified
    news/real-estate

    red-hot housing

    Houston boasts No. 20 hottest real estate market among big U.S. cities

    Amber Heckler
    Aug 20, 2026 | 9:00 am
    Houston neighborhood with skyline
    Getty Images
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    It doesn't get much hotter than the Houston housing market. A new report has ranked H-Town as the 20th best real estate market among America's biggest cities right now.

    WalletHub's annual study, "Best Real Estate Markets (2026)," compares the real estate markets in 300 U.S. cities based on 17 relevant metrics, such as "housing market attractiveness," home value forecasts, housing affordability, population growth, and many others. Cities were also ranked by size: large cities with over 300,000 residents; midsize cities with 150,000-300,000 residents; and small cities with fewer than 150,000 residents.

    In the overall ranking of the best housing markets in America, regardless of city size, Houston ranks 90th out of all 300 cities.

    WalletHub ranks Houston's real estate market No. 102 nationally, and its "affordability and economic environment" ranks 111th overall.

    This is how WalletHub ranks the "health" of Houston's housing market (where No. 1 is the best and No. 150 is average):

    • No. 51 – Job Growth Rate
    • No. 96 – Home Price as a Percentage of Income
    • No. 99 – Median Home-Price Appreciation
    • No. 128 – Foreclosure Rate
    • No. 159 – Share of Seriously Underwater Mortgages
    • No. 172 – Percentage of Delinquent Mortgage Holders
    • No. 173 – Median Days on the Market
    • No. 192 – Maintenance Costs as a Percentage of Income
    Despite Houston's good standing among the biggest cities in America, a separate WalletHub report claims Houston is one of the worst cities for first-time homebuyers. Instead, Houstonians are turning to popular ZIP codes in suburbs like Cypress and Katy, which rank among the hottest places to move to in the U.S.

    Other high-performing housing markets in Texas
    Two popular North Texas suburbs — Frisco and McKinney — topped WalletHub's overall list of the best real estate markets in the U.S. for 2026 at Nos. 1 and 2, respectively, and they locked in the top two spots in the midsize city ranking, too.

    Frisco tops the nationwide "affordability and economic environment" category, and ranks No. 2 nationally for its real estate market.

    "When you look at home prices as a percentage of income, [Frisco] is the 95th-cheapest among the 300 cities in our study," the report said. "But it’s the 11th-cheapest city for phone service and the 11th-cheapest for maintenance and energy."

    Frisco boasts the highest share of houses that were built between 2010 and 2024, at nearly 47 percent, which WalletHub says is "good news for people who want all the benefits of a recently-constructed home," without having to "put in a lot of work" to renovate an older or run down home.

    "If you aim to make a profit in the long run with your housing purchase, you’ll need to look beyond tangible factors like square footage and style," the report's author wrote. "Those factors certainly drive up property values. From an investor’s standpoint, though, they hold less significance than historical market trends and the economic health of residents."

    Nearby Denton and Allen also made the overall top 10, respectively ranking as the 5th and 8th best real estate markets in the U.S. for 2026. Denton similarly ranked 5th in the midsize city rankings, and Allen topped the list of small cities.

    The top 10 best real estate markets in America for 2026 are:

    • No. 1 – Frisco, Texas
    • No. 2 – McKinney, Texas
    • No. 3 – Murfreesboro, Tennessee
    • No. 4 – Durham, North Carolina
    • No. 5 – Denton, Texas
    • No. 6 – Cary, North Carolina
    • No. 7 – Madison, Wisconsin
    • No. 8 – Allen, Texas
    • No. 9 – Charlotte, North Carolina
    • No. 10 – Irvine, California
    wallethubhousing marketreal estatereportshouston
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