West University Place
Median home price: $964,400
The austere Georgian architecture and cool shade of West University make it a prime destination for affluent families; its proximity to Rice Institute in the 1920s is the source of its name. The city incorporated in 1924 and unlike the Houston Heights it refused to be consolidated in the 30s. It is now an independent municipality surrounded on all sides by the City of Houston. It is a thriving "city within a city," with large new homes interspersed between the old bungalows of the city's first incarnation.
West University's boundaries are: Kirby Drive to the east, Union Pacific St. Louis Southwestern Railway railroad track to the west, Bellaire Boulevard/West Holcombe Boulevard to the south, and Bissonnet and Law Streets to the north.
Before 1992 West University liberalized its development rules, and a great many new houses were built within the city. As new houses appeared, property values increased and the city began to get more tax money. Eventually home buyers began to spread out into Bellaire to the west when all the available lots disappeared within West University.