ABOUT Rice Village
Rice Village is a commercial and residential neighborhood in southwest Houston, TX. The neighborhood is especially well-known for its large selection of shops, restaurants and bars. Established in 1938, the neighborhood has a distinctly historic feel that both residents and visitors enjoy.
Tucked in between Houston’s medical district and the tree-lined streets of West University Place, Rice Village has both an upscale and laid back feel. Residents of one of Rice Village’s many luxury apartment communities enjoy close proximity to plenty of dining and shopping options. In addition to having many local shops and restaurants, Rice Village is a short 10-minute drive from Houston’s famed Museum District.
The neighborhood is also close to Rice University and all of its amenities as well as the Texas Medical Center. Rice Village is just down the road from the South and Southwest Freeways, and is an ideal place for those who commute to a central Houston location for work.
Rice Village is a lively neighborhood that’s two parts commercial and one part residential. This bustling part of Houston is full of fine dining options, fantastic shops and plenty of entertainment options. The neighborhood has a small population of about 250 people, and it’s mostly home to working professionals in their early 40s.
The local apartment communities offer the perfect combination of warmth and luxury, and the average rent is about $2,000 a month. The average household income is $145,000 compared to Houston’s $48,000 average. About $44% of residents make over $200,000 a year with 28% of the population earning between $100,000 and $200,000.
TOP Rice Village HIGHLIGHTS
Rice Village has a humid subtropical climate that is heavily influenced by the Gulf of Mexico. Most severe weather events in this area are floods occurring between May and October.
At roughly 50 inches, this neighborhood’s annual precipitation level is high relative to Texas. Rice Village can also be impacted by heavy rainfall that results from hurricanes and downgrading tropical storms.
Thunderstorms and supercells have a high chance of creating tornadoes in the Greater Houston area. Commonly, tornadoes touch down in the spring. Sizable hailstorms cause significant amounts of property damage to Houston neighborhoods such as Rice Village.
Extreme heat and droughts are also commonplace in this corner of Texas.
Rice Village is a convenient neighborhood for commuters. It’s surrounded by popular travel routes, with the Southwest Freeway a short five-minute drive to the north. Residents can also drive about 15 minutes east to hop on the South Freeway that goes through Downtown Houston to the north and all the way to the Gulf of Mexico to the south.
For those who travel a lot for business, the George Bush Intercontinental Airport is a 30-minute drive north while the West Houston Airport is 30 minutes west and Sugar Land Regional Airport is 30 minutes south.
The overall crime rate in Rice Village falls an estimated 26% under Houston’s average. This neighborhood is also considered safer than 27% of Texas cities.
Rice Village’s violent crime rate is 38% higher than the national average. However, violent crimes occur roughly half as frequently here as they do in other Houston neighborhoods.
Rice Village’s property crime rate is about 46% higher than the U.S. average. The neighborhood’s property crime rate per 100K people is 3,218, which tracks under Houston’s same rate of 4,010 and Texas’s rate of 2,367.
The odds of experiencing a violent or property crime in Rice Village are around 1 in 27.
SCHOOLS IN Rice Village
Although there are no schools (if not counting preschools) located within Rice Village itself, parents can enjoy easy access to some of the best schools in Houston. Top-rated schools are within five minutes of Rice Village and both private and public options are available. Parents of younger children can even opt for the local Southampton Montessori.
For high school, students have their pick from public schools such as Post Oak and Lamar High School and prestigious private institutions like Episcopal High School. No matter where students choose to attend school, parents can rest assured their children are getting an exceptional education.
The schools that surround Rice Village offer top-rated programs from pre-kindergarten through high school. Students will enjoy excellent academic programs and will be able to challenge themselves artistically and academically throughout their school years.
The schools surrounding Rice Villages are staffed by skilled and passionate teaching professionals who encourage students to challenge themselves and expand on their skills while discovering new ones.
Rice Village Housing 2020
The real estate market is especially competitive in Rice Village, and housing prices are much higher when compared to the Houston average. In general, the median sale price of homes in Rice Village is about $250 per square foot with a detached house costing about $1,077,000 and a townhouse averaging $500,000.
In comparison, the Houston averages are about $280,000 for a detached house and about $295,000 for a townhouse. Rice Village is in a phase of expansion, and real estate prices are expected to continue to rise. The median sale price has increased by nearly 60% since 2010, but by only 1% since 2019.
Available real estate within Rice Village tends to be one to two-bedroom condos and apartments. However, there are larger single family homes available in the surrounding neighborhoods. The larger properties are typically located in Southampton Place and University Place.
Rice Village Homes for Sale
Housing options within Rice Village are primarily limited to luxury apartments, townhouses and condos. The main housing complexes in Rice Village are The Moderne Rice Village and Hanover Rice Village in the north.
Condos in The Moderne Rice Village have two bedrooms and feature 360-degree panoramic views. These condos are conveniently located near local shops and restaurants as well as Houston’s best entertainment districts. As of April 2020, condos at The Moderne Rice Village cost over $1,200,000.
Hanover Rice Village offers luxury apartments right in the heart of Rice Village. There are one, two and three-bedroom apartments available and as of Spring 2020, rent can range anywhere from $1,400 to over $5,000.
Although housing is limited to luxury apartments and condos within Rice Village, there are plenty of homes and townhouses in the surrounding neighborhood of Southampton, Greenway/Upper Kirby, Old Braeswood and University Place.