February 5th, 2020 1:28 PM by Mike Barbaro
The Greater Third Ward is southeast of downtown, bound by Interstate 145 and State Highway 288. A rich historic past coexists with modern institutions, such as Texas Southern University, in this top neighborhood for millennials. This area is known for its rich African-American history and famous residents have included singer Beyoncé, Phylicia Rashad of “The Cosby Show” and her younger sister, actress Debbie Allen. The neighborhood earned top billing for its high percentage of renters, low rent costs and strong population growth of 17.31%.
Historic, yet attractive to young residents: That’s the winning combination that makes the Washington Avenue/Memorial neighborhood another top spot for millennials. A young population calls this place home: 40% of residents are age 20 to 34, and the unemployment rate of 2.99% is one of the lowest in the city. Population growth stands at 18.85%, the fourth highest in the city.
Located in west-central Houston, by Highway 59 and Allen Parkway, this neighborhood is described as having a “distinctive Bohemian atmosphere.” The area is close to entertainment options and the price to live here is a reasonable $1,052 a month on average.
Located in the heart of the city, Midtown calls itself “Houston’s pedestrian-oriented urban community.” This neighborhood is close to Houston’s universities and several METRORail stations, making this a great option for young residents on a budget. The neighborhood is also working to increase amenities with renovations at Midtown, Baldwin and Glover parks.
What better place for a young person than in the heart of the city? In downtown, open spaces such as Discovery Green and Market Square Park are complemented by spaces that bring business, entertainment and sports to the area — from the George R. Brown Convention Center to Minute Maid Park and Toyota Center stadiums. In other parts of downtown, revitalization is underway and empty office buildings are becoming lofts. All factors have contributed to a three-year population influx of 10.5%.
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Data source: Nerd Wallet
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