As mentioned above, the Rice Military geographical area is one of the only inner loop neighborhoods of Houston which have properties in the $300,000 to $500,000 price range. Homes here are still affordable, but are somewhat appreciated because of the extremely convenient central location. The neighborhood has plenty of luxurious and affordable options. You can find beautiful homes and townhomes in lavish gated communities.
On the other hand, there are also quality homes, townhomes, and apartments, further away from the neighborhood center at lower prices. When it comes to new construction, a bulk is comprised of single-family homes. Many developers have also taken down older properties and converted them to newer townhomes to meet the area’s high demand. Out of all the housing types, townhomes are on the rise in Rice Military. However, there are also listings of apartments, single family homes, condominiums, and even residential mid-rises.