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    high five for cinco ranch

    Travel + Leisure ranks tight-knit Houston suburb No. 2 in America

    Amber Heckler
    Jul 22, 2024 | 4:00 pm
    Cinco Ranch, Katy, Houston suburb

    Cinco Ranch is the best suburb to live in Texas, and No. 2 nationwide.

    cincoranch.life/

    Cinco Ranch, a master-planned community in Katy, has been declared the second best suburb to live in America, according to a recent report by Travel + Leisure.

    The report, published July 16, analyzed feedback from realtors and data from "recent livability rankings" to determine the 10 best U.S. suburbs with the most "affordable housing, top-rated schools, and excellent job opportunities."

    Johns Creek, Georgia (located 30 miles outside Atlanta) was the only city to overtake Cinco Ranch to claim the title as the No. 1 best American suburb to live in.

    Rebecca Turner, a Realtor at Houston-based Greenwood King Properties, said in the report that the main attraction bringing families to Cinco Ranch is its seemingly endless outdoor recreational activities. Cinco Ranch boasts three lakes, 11 pools, 70-plus playgrounds, and 231 miles of trails, all of which make the suburb one of the most highly sought after communities in the nation.

    "Cinco Ranch, like most of Houston, continues to appreciate at a fast clip," said Turner in the report. "Unlike other areas of Texas and the country, which have had to deal with a real estate reset and falling prices after the COVID-19-influenced boom, Cinco Ranch continues to be a desirable neighborhood where home values and equity are rising at a healthy rate."

    Cinco Ranch, Katy, Houston suburbFamilies can bring their children to enjoy movie nights at the community pool. cincoranch.life/

    Cinco Ranch-residing families can also take advantage of the many high-ranking schools in Katy Independent School District, which are some of the best public high schools in Texas, according to Niche.

    Moreover, Zillow's Home Values Index says the average home in Cinco Ranch is worth nearly $544,000 in July, which is almost five percent more year-over-year from July 2023. The suburb's hot housing market means available homes go from on sale to pending in just six days, according to the report.

    "Today, half of all Americans live in suburbs of different densities, driven by rising costs in cities plus a desire for more space and a laid-back lifestyle," the report said. "Because of that shift, suburbs are now more racially diverse than ever, offering a wide range of amenities like excellent restaurants, shops, and entertainment, but also top-rated public schools, medical centers, and recreational facilities."

    The only other Texas suburb to earn a spot in the report was Coppell (No. 5), which is located 22 miles northwest of Dallas. The city is described as a quieter alternative to the hustle and bustle of Dallas-Fort Worth, with average value of a home coming out to more than $643,000 in July.

    Houston suburbs have been on a roll in national surveys lately: Missouri City recently ranked the No. 77 most livable small U.S. city; West University Place and Bellaire were listed among the wealthiest American suburbs (which our beloved late columnist Ken Hoffman had some things to say about); and Conroe was just ranked the No. 31 best city in the nation for renters.

    The top 10 best suburbs to live in, according to Travel + Leisure, are:

    • No. 1 – Johns Creek, Georgia
    • No. 2 – Cinco Ranch, Texas
    • No. 3 – Okemos, Michigan
    • No. 4 – North Bethesda, Maryland
    • No. 5 – Coppell, Texas
    • No. 6 – Brookline, Massachusetts
    • No. 7 – Brentwood, Mississippi
    • No. 8 – Carmel, Indiana
    • No. 9 – Short Pump, Virginia
    • No. 10 – Chesterbrook, Pennsylvania
    The full report can be found on travelandleisure.com.
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    in demand

    Houston leads the U.S. with the biggest surge in millionaire renters

    Amber Heckler
    Oct 16, 2026 | 2:30 pm
    Houston skyline downtown at night
    IdeasLaboratory.com
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    The number of millionaire renters and homeowners in the U.S. has surged over the last five years, and Houston has soared ahead of the rest of the country with the largest growth rate among these affluent renter households.

    Houston leads the nation with the No. 1 increase in millionaire renters from 2020 to 2024, a new RentCafe study found. The number of these wealthy households increased from 18 to 232 over the last five years, representing an impressive 1,189 percent growth rate.

    "The pandemic accelerated the shift as remote work pushed the wealthy to relocate to lower-tax metros like Houston, where millionaire renters grew 13-fold, versus 3.9-fold for owners," the report said. "Granted, 232 households is still a tiny fraction of the Houston metro’s roughly 2.7 million households, but the growth rate far outpaces any other major metro."

    Nationwide, the number of millionaire renter households grew 229 percent from 2020 to 2024, far outpacing the 193 percent growth rate among millionaire homeowners.

    Dallas was the only other Texas metro to crack the top 10. The number of millionaire renter households in North Texas has more than quintupled, from just 30 in 2020 to 165 in 2024. That represents a renter growth rate of 450 percent, which — surprisingly — is only the 8th highest nationwide.

    But when it comes to the largest populations of millionaire renters, New York City and San Francisco still lead the way. New York claimed the No. 1 spot with nearly 7,300 millionaire renters living in the city in 2024. Houston ranked 12th on that list.

    Elsewhere in Texas, Austin and Dallas ranked as the 16th and 17th, respectively, for the largest population of millionaire renters. There were 206 millionaire renters living in Austin in 2024, and 165 in Dallas.

    This is who the typical millionaire renter is
    The report also revealed a surprising statistic about the typical millionaire renter in the U.S. — a lot of them are millennials working in "white-collar, high-earning fields."

    "Nearly half (49 percent) of millionaire renters are Millennials, and the number of affluent Millennial renter households surged 392 percent during the five-year period," the report said. "Gen X follows with 33 percent of millionaire Gen X households renting after increasing by 147 percent."

    The report continued, "Although Gen Z still represents a small share of millionaire renters (just 2 percent of the total), no generation has expanded faster: Gen Z millionaire renter households leaped from fewer than a dozen to more than 400 — a tiny cohort today, but one that was virtually nonexistent five years ago."

    The top three most common professions for millionaire renters are chief executives, software developers, and managers, the report additionally found. In Houston, the surge of wealthy newcomers are mostly executives, professional athletes, and entertainers.

    "These roles tend to generate steady, substantial income without necessarily tying workers to one location, making renting a practical fit, rather than a financial necessity," the report said.

    Hotspots for millionaire homeowners
    In RentCafe's separate list comparing the top 10 most popular U.S. metros for millionaire homeowners, Houston ranked 12th nationally with 4,374 millioniare homeowners living in the metro as of 2024. These wealthy Houstonians are most likely working as chief executives, physicians, managers, and lawyers and judges.

    Houston has already proven to be a hotspot for millennial homebuyers, and the latest RentCafe data says millennials make up 19 percent of all millionaire homeowners in the U.S. Gen Xers and Baby Boomers still maintain the largest shares of millionaire homeowners nationwide, at 45 and 33 percent, respectively.

    Dallas (No. 10) and Austin (No. 20) also appeared among the hottest metros for millionaire homeowners.

    Only one Texas city appeared among RentCafe's list of the 20 fastest-growing metros for millionaire homeowners: College Station ranked 13th nationwide with a growth rate of 1,329 percent. From 2020-2024, the number of millionaire homeowners residing in College Station grew from 14 to 200.

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