Hedwig Village Texas City Guide

Of Hedwig Village’s more than 2,600 residents, 55.3% are males and 44.7% are females. The median age here is 41 years. The majority of residents are aged 35 to 54 years at 35%, while those aged 5 to 19 years make up 20%.

More people are calling Hedwig Village home as the city’s population continues to grow at a yearly rate of 0.07%. Since 2010, the area’s population has risen by 5%.

Hedwig Village covers 1 mile and has around 2,824 people per square mile.

Hedwig Village’s population is predominantly White at 80%. 13% are Asian residents, 2% are African American residents, and 4% are Biracial. The other ancestries of people living in Hedwig Village include Lebanese, Iraqi, German, English, and Irish.

English is spoken by 56.7% of residents, while those who speak Arabic make up 18% of residents. 11.7% of the population speak Spanish.

Of the adults aged 25 and above in Hedwig Village, 13.2% finished high school. Around 85% of adults here have pursued four-year degree programs and 13% have earned a college degree.

More than 600 or 38% hold a bachelor’s degree, 44 or nearly 3% have an associate degree, and over 540 or 32% have graduate degrees.

Real estate prices in Hedwig Village are among the highest in Texas and in all of the U.S.

In 2019, the median property value in Hedwig Village was $1,316,125. This represented a 30% increase from the median property value of $1,010,000 recorded in 2017. Between 2016 and 2017, the median property value grew by 12.8%, from $895,500 to $1,010,000.

The real estate market in the city remains stable and high demand for newly constructed homes is seen to drive prices up. The median home value in the area is expected to rise by 1.2% within 2020.

Since 2010, real estate in the city has appreciated 28%. This represents an annual appreciation rate of 3%.

In 2017, the median household income in Hedwig Village was $97,604. This was an increase of 7% from the median household income of $91,176 recorded in 2016.

Hedwig Village is an upscale neighborhood where 54% of residents own their homes.

The majority of housing units in the city are detached single-family homes. Other housing options include small apartment complexes and homes turned into apartment buildings.

Most of the homes in Hedwig Village were built between 1970 to 1979. Many of the properties feature traditional ranch-style architecture.

Newly constructed housing units in the city are custom-built mansions with upgrades that include high ceilings, hardwood flooring, large master suites, game rooms, and detached garages.

Homes in Hedwig Village enjoy convenient access to the Katy Freeway. This makes it easier for residents to go to notable establishments that include the Galleria, the City Centre, the Memorial City Mall, and the Town and Country Village.

There are over 30 homes for sale in the area with prices that range from $169,000 to $3,500,000.

More than 1,200 residents make up Hedwig Village’s workforce. White-collar workers represent the majority of employees at 95% and many hold positions in business and finance, sales, and management.

The per capita income in Hedwig Village is $84,137, which is wealthy relative to Texas and the United States. The median household income is estimated at $105,909. A resident in the city earns an annual salary that is 78% higher than the US average at $130,000.

Only around 5% of residents here are unemployed and the poverty rate trends at 10.4%.