Hilshire Village Texas City Guide

Hilshire is a small city of around 900 residents. Females comprise 48% of the population and males make up 52%. 49 years is the median age. An estimated 28% of the population belong to the 35 to 54 age bracket, while around 19% belong to the 5 to 19 age group.

Hilshire Village has a population density of 3,100 people per square mile. The city’s population is still increasing at a rate of 0.61% every year. The population has grown by 11.13% since the 2010 census.

The majority of Hilshire Village’s population is represented by White residents at 88%. This is followed by Asian residents accounting for 7.7%, and Biracial residents at 2.6%. Many of the city’s residents also have English, French, German, Italian, and Irish racial or ethnic backgrounds.

English is still the most commonly spoken language in Hilshire Village. 9.2% speak Spanish and 2.2% speak other Indo-European languages.

Hilshire Village has a strong combination of a highly-rated public school district and a large population of college-educated adults.

Those who have sought four-year degree programs in the city make up nearly 600 or 88% of adults. 13% of them have earned a college degree, 42% hold a bachelor’s degree, 4% have an associate degree, and 30% achieved graduate degrees.

The median property value in Hilshire Village is estimated to be $850K, which is impressively high relative to both the state’s average and the national average. In a similar vein, properties in the city can be expected to have high average annual home appreciation rates compared with national averages.

Hilshire Village is widely thought to be a buyer’s market, seeing as there are more homes listed for sale than there are active buyers. Between January 2018 and January 2020, the sale-to-list price ratio tracked at 97.48%, and 2.52% of properties sold below asking price. Based on data reported between March 2018 and January 2020, Hilshire Village properties typically sold after 82 days of being listed for sale.

Between January 2017 and January 2020, the median sale price demonstrated a 6.7% increase in year-over-year price. Recent trends show that the city’s housing market has a predisposition for bidding wars, which can impact property prices a good deal.

Considering all housing options in Hilshire Village, the majority of properties at 97% are owner-occupied residences, which indicates just 3% of housing options are being rented by residents.

Because the vast majority of the city is made up of single family detached properties, there are very few condominiums in Hilshire Village and no apartment complexes. The most expensive properties in the city can be priced well over the $1 million mark, although there are many more affordable housing options in the city as well.

As for rental properties, the median gross rent in the city is estimated to be just under $3,000 per month. The estimated median condo value in Hilshire Village is just over $600K.

Hilshire Village residences are generally properties that have a few years under their belts, and few properties have been built after the turn of the 21st century. Following trends in the Houston area, the bulk of properties in the city have 3-4 bedroom layouts.

92% of Hilshire Village’s around 400 working residents have white-collar jobs. The city has growing populations of managers and office and sales workers. Telecommuters also make up a chunk of the workforce at 8%.

The income rates in the city are healthy. The median household income is approximately above the US median by 68% at $166,528. The per capita income in the area is $87,528, and the average yearly salary of a resident is $229,500.

The poverty rate tracks at 0.9%, and the unemployment rate is significantly low at 1.5%.