Rice Military/Washington Corridor, Greater Houston, TX

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Real estate activities

Located in Houston, Texas, the Rice Military/Washington Corridor is an active neighborhood recognized for its strategic location, social scene, and history. Its central location, close to Downtown Houston, the Galleria, and the Energy Corridor, makes it suitable for residents who desire urban convenience coupled with a sense of community. The neighborhood is named after the nearby Rice University and Camp Logan, a World War I-era U.S. Army training camp, reflecting its history. With its mix of residential properties, ranging from traditional single-unit homes to modern townhouses, it offers a diverse real estate portfolio that caters to a variety of tastes and budgets.

The Rice Military/Washington Corridor is a commercial area, with a variety of businesses. From eateries and nightlife spots to health and wellness centers, retailers, and professional services, the area offers what a business owner or patron might need. The area's growing popularity makes it an attractive loc...

Located in Houston, Texas, the Rice Military/Washington Corridor is an active neighborhood recognized for its strategic location, social scene, and history. Its central location, close to Downtown Houston, the Galleria, and the Energy Corridor, makes it suitable for residents who desire urban convenience coupled with a sense of community. The neighborhood is named after the nearby Rice University and Camp Logan, a World War I-era U.S. Army training camp, reflecting its history. With its mix of residential properties, ranging from traditional single-unit homes to modern townhouses, it offers a diverse real estate portfolio that caters to a variety of tastes and budgets.

The Rice Military/Washington Corridor is a commercial area, with a variety of businesses. From eateries and nightlife spots to health and wellness centers, retailers, and professional services, the area offers what a business owner or patron might need. The area's growing popularity makes it an attractive location for entrepreneurs and existing businesses seeking a dynamic environment. This active commercial activity, combined with the neighborhood's residential appeal, creates a lively, energetic atmosphere.

The investment potential of the Rice Military/Washington Corridor is notable. The neighborhood's popularity has been consistently growing, supporting property values and indicating consistent returns for real estate investors. Developers and investors are attracted to the area due to its diverse mix of properties, from luxury condos and modern townhouses to historical homes, offering a range of investment options. Its strategic location and the continuous influx of new residents and businesses ensure a strong rental market, which is attractive for buy-to-let investors.

However, the Rice Military/Washington Corridor is not only about real estate and businesses. It is a community with an active social scene and a quality of life. The neighborhood features numerous parks, including Memorial Park, offering residents opportunities for outdoor activities. Furthermore, its active arts scene, with art galleries, music venues, and regular community events, adds to its character.


Market Update

Rice Military/Washington Corridor Real Estate Overview:

Price Trend Based on MLS Sold Data

Tax Rate
Tax Year Med. Price/Sqft. # of Sold
2024 235.3 376
2023 223.96 399
2022 217.67 623
2021 200.26 804
2020 194.08 614
2019 190.02 564
2018 187.65 524
2017 189.15 534
2016 188.54 547
2015 197.16 521
2014 192.43 720
2013 172.26 730
2012 154.19 704
2011 144.06 509
2010 144.79 463
2009 141.48 474

PlaceReview

Rice Military/Washington Corridor
4.7/5 Start FullStart FullStart FullStart FullStar Half-Quarter
Score based on 3 community reviews.

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Martha Schauer
Start FullStart FullStart FullStart FullStart Full 5 / 5 Score

Reviewed on 11/03/2020 11/03/2020

I love Rice Military/Washington Corridor. It reminds me of the 'sleepy' neighborhoods in New York City...but without the crowds and noise. Location is great, giving easy access to major roadways throughout the city. Wonderful and eclectic dining!

Andrea Joseph
Start FullStart FullStart FullStart FullStart Full 5 / 5 Score

Reviewed on 08/01/2019 08/01/2019

Rice Military is one of the best locations to live and play! Close to downtown and major highways makes it easy to get anywhere you need to go.

Rice Military/Washington Corridor Real Estate Market Overview

List Price
$604,311 avg.
List Price/Sqft
$248.68 avg.
Rent
$2,771 avg.
Rent/Sqft
$1.73 avg.

Recently Sold (Last 5 Years)

2,581 Properties
List Price
$539,286 avg.
List Price/Sqft
$233.11 avg.

Home Sizes

Bedroom(s)
3 avg.
Sqft
2,388 avg.

Rice Military/Washington Corridor Homes for Sale and Rent

Nearby Market Areas