Median home price: $350,000
Midtown is a district just southwest of downtown Houston, bordered by highway 59 and Montrose. Before the recent explosion of residential real estate investment, it was a very popular place to live prior to the 1950s. Commercial development led homeowners to leave in the following years, but many beautiful churches and the nearby Houston Community College kept the district alive. A tax increment reinvestment zone was established in 1995, after which upper income townhomes and apartment complexes in western Midtown began to appear, dramatically increasing the population. Thousands of multi-family units opened, especially along Louisiana Street and West Gray Street. The population density of the area increased with this, and by 2009 Houston City Council increased the TIRZ by 8 acres, expanding the territory set up for increased property values. Today this area is full of great nightlife, and is a very popular residential choice for young professionals. It has an abundance of old oak trees and attractive new multi-family property.