Clear Lake Property Management

The draw of Houston is strong for many, both around the state and nationwide. But most people are looking for a bit of balance in their lives.

They want the amenities of a big city, with the peace and quiet that comes with living in a safe, residential neighborhood.

It’s because of this desire that so many choose to call the Clear Lake region home.

According to the Clear Lake Area Chamber of Commerce, which was established back in the 1960s, the area is made up of Clear Lake City, Clear Lake Shores, El Lago, Kemah, League City, Nassau Bay, Seabrook, Taylor Lake Village, Webster, and even parts of Houston and Pasadena. Each of these communities lies on or near the lake.

And while they all have their own identities, you’ll frequently hear residents tell people they’re from the Clear Lake Area.

It wasn’t until the late 18th century/early 19th century that the Clear Lake Area actually began to be developed.

Small farming and fishing communities started emerging and railroads were constructed in the nearby areas, which connected these outposts to big economic centers like Galveston, Harrisburg, and Houston.

After the oil boom in 1901, oil wells and refineries started popping up all around Houston and the Clear Lake Area became seen as a recreational destination for wealthy oil businessmen with money to burn.

Prior to being shut down in the mid-20th century, there were even a number of casino districts in the area.

But the real growth happened when NASA’s Johnson Space Center was built in the area in 1963.

This, combined with the staggering expansion of Houston, turned the Clear Lake Area into a full-fledged community.

Interestingly, Clear Lake is pretty culturally diverse area, when compared to the rest of the state and country.

Less than half of the population is white, and there’s a large number of Hispanics and Asians.

Surprisingly, a higher percentage of people with South American and Iranian ancestry call Clear Lake home than just about any other neighborhood in the entire country.

Furthermore, 4.6 percent of Clear Lake City residents five years old and above speak Urdu, the national language of Pakistan.

For perspective, that’s higher than 99.6 percent of all communities in the United States. Much of this diversity can be equated to NASA’s presence as a multicultural employer.

Clear Lake is highly educated – as you would guess with the technical industries nearby. More than 36 percent of residents have a college degree, while 22.8 percent have a graduate degree.

As far as occupational employment goes, there’s roughly a two thirds-one third split between white collar and blue collar jobs.

The average household income in the Clear Lake Area is $109,836, while the median household income is $90,282.

The average household net worth is right around $626, 824.

For all of the amenities available, Clear Lake City real estate is actually quite affordable.

According to Realtor.com (as of May 2017), the median listing price is $239,000 for a single-family home, while the price per square foot is right around $113.

The market is definitely starting to turn upwards, however, as the median closing price over the past few months was just $148,000.

Rentals are also pretty popular in Clear Lake City, and the average rental rate is $1,138.

That’s higher than 63.7 percent of other rentals in the state of Texas.

The vacancy rate for all of Clear Lake City is just 2.4 percent, which is lower than 90.3 percent of all neighborhoods in the country.

With demand being so high, look for property values and rental rates to increase.

If you’re interested in moving to the Clear Lake Area, Green Residential wants to help.

Our family-owned Houston real estate business has been in operation for three generations.

Over that time, we’ve developed a reputation as one of the area’s most honest and transparent property management companies.

For more information on how you can start the home buying (or selling) process with us, please contact us at your earliest convenience!