Pretty Penny

These Houston ZIP codes proclaimed most expensive places to rent in Texas

hines tower houston chronicle building skyline view

Downtown Houston is one of the most expensive places to rent in the state.

Courtesy image

Houston's hottest 'hoods come at a price — some of the highest in all of Texas, according to a new study.

RentCafe's 2019 list of most expensive ZIP codes to rent puts three Houston areas among the 10 priciest in Texas.

The sixth priciest ZIP code in the state, and most expensive in H-Town, is 77005. The area, encompassing West University Place and Rice Village, clocks in with an average rent of $2,033 a month. Curiously, rents in the area have actually decreased 1.1 percent from last year, according to the study, which used July 2019 averages calculated by Yardi Matrix. It's the only spot in the top 10 where rents have dropped, if only slightly.

At No. 7 is the neighboring ZIP code of 77006 (home to Montrose and Hyde Park), where the average rent is slightly cheaper, at $1,997 a month. Rents are up just 0.3 percent from last year.

The downtown Houston hub of 77002 ranks eighth, with average rent costing $1,970 a month, a 0.4 percent increase from last year.

Renters in Austin and DFW are faced with steep prices, too. The other top 10 most expensive ZIP codes in Texas are:

No. 1 — 78701 (downtown Austin), $2,885 a month
No. 2 — 75205 (Highland Park/Knox-Henderson in Dallas), $2,791 a month
No. 3 — 78701 (Tarrytown in Austin), $2,634 a month
No. 4 — 75225 (University Park in Dallas), $2,451 a month
No. 5 — 75201 (downtown Dallas), $2,088 a month
No. 9 — 78702 (Central East Austin), $1,932 a month
No. 10 — 75022 (Flower Mound in DFW), $1,831 a month

But it could be worse. The three most expensive ZIP codes in America, says RentCafe, are all located in Manhattan, with rents ranging from $5,053 to $6,211 a month.

rent reports

Updated elegance

Renovated Tudor-style home in West U. hits market for $5.5 million

Photo by Josh Gremillion for Martha Turner Sotheby’s International Realty

This renovated Tudor home at 6426 Sewanee Avenue in West University Place is on sale for $5.5 million.

In the heart of West University Place sits 6426 Sewanee Avenue. The gracious Tudor home, originally built in 2011, has been thoughtfully renovated. It’s on the market for $5.5 million and is represented by Melinda Dawes EwingofMartha Turner Sotheby’s International Realty.

The four-bedroom, five-bath home sits on about a third of an acre in one of the country's wealthiest neighborhoods. Unfolding across 8,577 square feet, it’s a home meant for living and entertaining. Originally designed by Robert Dame, Classic American Homes + Karen Black Interiors updated the home earlier this year.

6426 Sewanee offers casual luxury that is easy and approachable. Well-manicured landscaping and outdoor lighting both highlight the home’s curb appeal and beckon visitors to come inside.

The open floor plan allows for seamless gathering spaces, including a huge family room with beamed ceilings and a gourmet kitchen anchored by a center island. It also has a six-burner gas cooktop with Segreto vent hood, Wolf and Sub Zero appliances, Quartzite countertops, and a welcoming feel that make it a natural place to hang out while home cooks are preparing a feast.

The dining and formal living room offer sophisticated touches, loads of natural light, and access to the wet bar and the temperature-controlled, 360-bottle wine room. Upstairs, find the spacious primary suite with its own gas fireplace, exposed beams, and a private balcony that's perfect for morning coffee, afternoon wine, or scrolling the news of the day. The primary bath is a space of dreamy marble with two closets, Ann Sacks tile, and lovely new hardware.

Future occupants will also find an elevator, pool, covered outdoor patio with gas fireplace and summer kitchen, workout room, a paneled study on the home’s second floor, a media room, and a three-car garage and motor court

This is a beautiful home, where new owners will create cherished memories in one of the Houston-area's most desirable neighborhoods.

Photo by Josh Gremillion for Martha Turner Sotheby’s International Realty

This renovated Tudor home at 6426 Sewanee Avenue in West University Place is on sale for $5.5 million.

west university place home-for-sale