The vacancy rate tracks around 3.8%. The time is calculated for all residents working outside the home. RATINGS: Trend is based on the percentage of properties that are vacant year round. Different micro-neighborhoods within a city or town can have drastically different home appreciation rates. The Energy Corridor is home to the national or international headquarters of the following companies: Shell Oil Company, the fifth-largest employer in the Energy Corridor, operates a large campus in the district. That is one of the best school area in city of Houston. Location Inc. expressly disclaims any warranty of accuracy or predictability, and any warranty of NeighborhoodScout contains condition alerts to highlight conditions that are extreme, whether good or bad. Due to Covid-19, complete standardized testing did not take place during the 2020-2021 academic school year. State tests show that 76% of students are at least proficient in math, while 72% are at least proficient in reading. The Energy Corridor falls within the boundaries of 3 separate school districts: Houston Independent School District, Katy Independent School District, and Spring Branch Independent School District. They may live on campus or in off campus housing. Each report provides detailed information on school district quality for every neighborhood in the country and specific school attendance patterns for over 85% of U.S. neighborhoods. Beginners and professional competitors alike frequent this highly rated venue. The AP enrollment rate is 31%, and the schools average graduation rate is 97%. Neighborhood appreciation rate data are based on transactions involving conforming, conventional mortgages. RATINGS: As the neighborhoods name implies, the Energy Corridor contains many energy firms and the major operations of energy companies. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco. Per capita is the best measure of the average spending power of each person in the neighborhood. Ray Miller Park, a neighborhood park, is located at the southern end of the district on Eldridge Parkway. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis. The Metropolitan Transit Authority of Harris County, Texas (METRO) provides public transportation to the area. Location Inc. makes no express or implied warranty and all information and content is provided "As is" without American Community Survey, U.S. Bureau of the Census, U.S. Department of Education, 50 state departments of education, U.S. Bureau of Labor Statistics, Federal Bureau of Investigation, 18,000+ local law enforcement agencies, Federal Housing Finance Agency, U.S. Geological Service, National Agricultural Statistics Service. The current real estate vacancy rate here is 25.4%. In the Energy Corridor East neighborhood, 53.3% of the working population is employed in executive, management, and professional occupations. Western areas of the Energy Corridor are serviced by Katy ISD. [14], The Energy Corridor experienced extensive inland flooding from Hurricane Harvey in August and September 2017 after historic rainfall exceeded the retention capacity of the Addicks and Barker reservoirs. [5][6], In 2001, the Texas Legislature created the 1,700-acre (2.7sqmi)[7] Energy Corridor Management District. Students in eastern sections of the neighborhood are directed to Spring Branch ISD schools. Occupations are calculated as a percentage of all working adults. "Match Any Neighborhood" calculates the Match Level of one neighborhood to another using more than 200 characteristics of each neighborhood. Roughly 60% of the neighborhoods residences were constructed between 1970-1999, and about 33% of housing options were built in or after 2000. How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Energy Corridor East real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and townhomes. One man was found dead and another in critical condition suffering multiple gunshot wounds Friday night near the Energy Corridor, according to police. Houston Police Department homicide investigators arrived at the scene around 7 p.m. in the 1000 block of Highway 6 near Interstate 10. The man in critical condition was taken to a nearby hospital. 2019, Kristina Morales. Bear Creek Pioneers Park borders the neighborhood to the north, so commuting to this expansive location is a short and easy undertaking for Energy Corridor residents. This bike trail is located in a well-maintained park that also features seating areas and waterfront activities. The average rental cost in this neighborhood is higher than 60.0% of the neighborhoods in Texas. Unlike standardly available Census demographics, NeighborhoodScout uses dozens of custom models to transform 8.5 million raw demographic data elements from government sources into proprietary indices and insights. As this ratio becomes high, it becomes more difficult for local wages to support housing prices. The park spans approximately 7,800 acres and includes 2 soccer fields, 6 baseball fields, a dog park, and massive stretches of undeveloped land. The NeighborhoodScout search engine is covered under US Patents No. 1=Limited But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. 47% of the population is male, and 52% is female. These are the ways neighborhood residents have self-reported their race and ethnicity to the US Census. Crime risk indices are nationally comparable on a 1 100 scale, where 100 means safer than 100% of U.S. neighborhoods. 3=Moderate Educational Environment: 2020 (latest available). Quiet and sophisticated? The Energy Corridor is a business district in Greater Houston, Texas, located on the west side of the metropolitan area between Beltway 8 and the Grand Parkway. In fact, 8.8% of this neighborhood's residents have Armenian ancestry and 15.5% have Jamaican ancestry. Read more about Scout's Demographic Data. user's sole cost and expense. That said, attached residences are few in number in the area. The percentage of adults aged 25 and older that have attained a graduate or professional degree above and beyond a 4 year degree, like an MA, MD, JD, MBA or PhD. The algorithm uses 273 neighborhood conditions, identifies the dominant dimensions underlying the conditions and calculates the similarity. [11] However, the 2010s oil glut put a damper on this growth, causing office and apartment vacancy rates in the area to rise significantly. Where the two intersect is where the dot is plotted representing this neighborhood. The Regional Housing Affordability Index is reassessed and recalculated annually. The 3 year appreciation forecast for each neighborhood is classified into 1 - 5 categories based on how this neighborhood's forecast 3 year performance compares to the real estate appreciation rates experienced in all neighborhoods nationwide for every 3 year period since 1999. Only NeighborhoodScout gives you nationally comparable school rankings based on test scores, so you can directly compare the quality of schools in any location. The Scout Vision Regional Investment Index rates a regions 3 year appreciation forecast on a 1 -5 scale, from 1 (Very Low) to 5 (Rising Star). Even larger residences with 5 bedrooms can be priced in the $975K ballpark range, and more luxurious properties in the Energy Corridor can be priced around $1.2 million and over. Unlike standardly available Census demographics, NeighborhoodScout uses dozens of custom models to transform 8.5 million raw demographic data elements from government sources into proprietary indices and insights. All Rights Reserved. This value will be high in neighborhoods that attract new residents from around the country, and low in places where most residents grew up within the same state. Enter your name and email address below and we'll send you a comprehensive guide of the Energy Corridor neighborhood for free! Loosely bound to the area north of Interstate 10, the area is home to many successful energy industry-related companies. 18,000 local law enforcement agencies in the U.S. This campus has excellent athletics programming, highly rated college prep, various student activities and clubs, and great academic standing. Maurice L. Wolfe Elementary School: Maurice L. Wolfe Elementary School is an upstanding pre-kindergarten-5 campus within Katy ISD. Please note: Unemployment data updated November 2022. Mouse over the descriptions next to the plotted dot for further definition. These are people currently active in the military. The average student-teacher ratio is 11 to 1, which is notably low compared to national averages. 47% of residences have 3 bedrooms, and 30% of properties have 4 bedrooms, which indicates that 6% of other housing options have 5 or more bedrooms. Lakefront: The neighborhood includes shoreline on a significant body of freshwater. Our nationally-comparable school ratings are covered under US Patent No. Other residents here are employed in clerical, assistant, and tech support occupations (10.4%), and 8.5% in manufacturing and laborer occupations. [10] The amount of new office space added to the Energy Corridor between 2005 and 2015 is equivalent to the amount added during the preceding three decades. Read more about Scout's Crime Data. All the trademarks displayed on this page are the property of Location, Inc. [45], Spring Branch ISD residents are zoned to Nottingham Elementary School, Spring Forest Middle School, and Stratford High School. Neighborhoods that score highest for mixed ages have the most equitable distribution across all age groups, from infants to senior citizens, all living in the same neighborhood. Always check with your local school department to determine which schools your children may attend based on your specific address and your child's grade-level. Updated annually. Raw data sources: We calculate rental price trends as the average annual change in market rent paid in the neighborhood over the latest 5 years. NeighborhoodScout provides exclusive crime risk analytics for every neighborhood in America with up to 98% predictive accuracy. Suburban: Although not necessarily outside city limits, these neighborhoods have a more generous amount of space per person with densities generally between 1,000 and 5,000 people per square mile. The length of the bars indicate the percentage of neighborhoods in America that this neighborhood is more family-friendly than, more college student friendly than, more luxurious than, and so forth. Houston This graph plots how this neighborhood falls on two of the most important and defining dimensions for a neighborhood - educational attainment of adults living in the neighborhood, and household income. We Hate Fake Questions As Much As You Do! 3=Average The British International School of Houston: The British International School of Houston is a pre-kindergarten-12 private school located in neighboring Katy. Please note: Unemployment data updated November 2022. Energy Corridor residents should be on the lookout for weather advisories connected to thunderstorms, high winds, and potential tornado activity. The Houston Funplex offers a variety of live shows, classic carnival attractions, a bowling alley, an arcade section, and a themed roller skating rink. Past Appreciation and existing fundamentals Appreciation Potential (3 years) Reflects 2021 calendar year; released from FBI in Oct. 2022 (latest available). Houston Police Department homicide investigators arrived at the scene around 7 p.m. in the 1000 block of Highway 6 near Interstate 10. How you get to work car, bus, train or other means and how much of your day it takes to do so is a large quality of life and financial issue. NeighborhoodScout has calculated and provides home appreciation rates as a percentage change in the resale value of existing homes in that city, town, neighborhood or micro-neighborhood over the latest quarter, the last year, 2-years, 5-years, 10-years, and even from 2000 to present. The district is located along Interstate 10 from Barker Cyprus to Kirkwood Road and continues south along the Eldridge Parkway to Briar Forest. Is the risk of home break-ins or other property crimes increasing? Many energy sector companies have major operations in the Energy Corridor, including BP America, Citgo, ConocoPhillips, Nouryon and Shell Oil Company. Educational Environment: American Community Survey (U.S. Census Bureau). Surge Energy US, which owns 114,000 acres in the Midland Basin, has made its annual sustainability report public for the first time, part of efforts to increase transparency around ESG initiatives. What we choose to do for a living reflects who we are. Local property crimes track 18% over the U.S. average. In fact, the neighborhood is the second largest employment center in the region. In addition, 35.0% of the residents of this neighborhood were born in another country. Based on historic trends, weather moving inland from the Gulf of Mexico poses a significant risk of creating damaging floods. Foreign Born residents have immigrated to the United States from another country and may or may not be naturalized citizens. The look and feel of the neighborhood, from high rises on the coast, to rural farmlands. Price advantage score 1=Very Low Is This Correct The measure is defined as the number of vehicles registered per household, as a percentage of all households in the neighborhood. of U.S. neighborhoods. Educational Environment: American Community Survey (U.S. Census Bureau). Mortgages on properties financed by government-insured loans, such as FHA or VA mortgages, are excluded, as are properties with mortgages whose principal amount exceeds the conforming loan limit. WebWe've stayed in the Energy Corridor before with no problems, but this time, our car was broken into at the hotel we are staying. 7,043,501 and 7,680,859. We measure the average annual increase or decrease in per capita income in the neighborhood over the most recent 5 years. Date(s) & Update Frequency: The Energy Corridor along Interstate 10 in west Houston is sprucing itself up as it addresses growth. All Rights Reserved. It reveals the average monthly rent paid for market rate apartments and rental homes in the neighborhood, excluding public housing. WebThe data is broken down by police districts and beats and shows reports of the following types of crimes: Murder Rape Robbery Aggravated assault Burglary Theft Auto theft Westside High School: Westside High School is a 9-12 campus in Houston ISD within short commuting distance for students in the Energy Corridor. Other important languages spoken here include Spanish, Portuguese, African languages and Langs. We also give you the ability to put in the school quality and class size you want, and the search engine will return the best neighborhoods for education in a list and map your results to the neighborhood level. The average nearby price per square foot is based on other locations a short drive away from the neighborhood. In addition, most vacant housing here is vacant year round. More diverse than Due to Covid-19, complete standardized testing did not take place during the 2020-2021 academic school year. Regional Appreciation Potential (3yr) Asian and Hispanic residents may identify with one of the more specific subcategories. This is higher than the rate of vacancies in 91.3% of all U.S. neighborhoods. The district straddles a 7-mile (11km) stretch of Interstate 10 (the Katy Freeway) from Kirkwood Road westward to Barker Cypress Road and extends south along Eldridge Parkway to Briar Forest Drive. Conventional means that the mortgages are neither insured nor guaranteed by the FHA, VA, or other federal government entity. Know how good the public schools are before you buy a home, invest, or relocate. Percentages are based on the number of housing units in the neighborhood of each housing type. 4=High Houston, TX (Rogerdale Rd / Meadowglen Ln), Houston, TX (Walnut Bend Ln / Meadowglen Ln), Houston, TX (Meadowglen Ln / S Gessner Rd), Houston, TX (Meadowglen Ln / Briarpark Dr). Depending on where you live in the neighborhood, your children may attend certain schools from the above list and not others. Considered an up-and-coming area, the Energy Corridor is a western Houston neighborhood that has many outdoor activities, exciting venues, and convenient qualities that attract residents from all walks of life. 5=Excellent. 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