Memorial Park, Greater Houston, TX

Real estate activities

Memorial Park, located in the heart of Houston, Texas, is an urban green space spanning approximately 1500 acres, making it one of the largest urban parks in the United States. Recognized for its green surroundings, the park includes an extensive network of jogging and cycling paths, tennis courts, playing fields, and an 18-hole golf course. The park's Seymour Lieberman Exer-Trail, a nearly 3-mile crushed granite track, attracts fitness enthusiasts from across the city. The park also houses the Houston Arboretum and Nature Center, offering visitors a chance to explore a variety of native plants and wildlife in their natural habitat.

The park serves as a retreat for Houston residents, providing a calm environment amidst the city. Its size and natural beauty offer a setting for outdoor activities, including picnicking, bird watching, and hiking. Residents appreciate the park's welcoming atmosphere. The park's close proximity to the city center and its diverse range of facilit...

Memorial Park, located in the heart of Houston, Texas, is an urban green space spanning approximately 1500 acres, making it one of the largest urban parks in the United States. Recognized for its green surroundings, the park includes an extensive network of jogging and cycling paths, tennis courts, playing fields, and an 18-hole golf course. The park's Seymour Lieberman Exer-Trail, a nearly 3-mile crushed granite track, attracts fitness enthusiasts from across the city. The park also houses the Houston Arboretum and Nature Center, offering visitors a chance to explore a variety of native plants and wildlife in their natural habitat.

The park serves as a retreat for Houston residents, providing a calm environment amidst the city. Its size and natural beauty offer a setting for outdoor activities, including picnicking, bird watching, and hiking. Residents appreciate the park's welcoming atmosphere. The park's close proximity to the city center and its diverse range of facilities make it a preferred destination for residents seeking to maintain an active lifestyle or simply enjoy nature's tranquility.

For businesses, Memorial Park presents an opportunity. The park's consistent visitor traffic offers a platform for businesses such as restaurants, cafes, sports equipment rentals, and fitness centers to establish themselves. Additionally, the park hosts various annual events, including charity runs, concerts, and sports tournaments, which attract crowds, further benefiting local businesses. The park's reputation as a well-maintained recreational area also adds value to the surrounding commercial real estate.

Investors find Memorial Park attractive due to its strategic location and the city's commitment to its improvement and preservation. The ongoing Memorial Park Conservancy's ten-year master plan to enhance and preserve the park's ecological and recreational assets indicates an increase in the park's value over time. These planned improvements, along with the park's popularity among residents and businesses, suggest a consistent return on investments in the surrounding residential and commercial properties. Overall, Memorial Park is not just a recreational hub but an active ecosystem that contributes to Houston’s social, economic, and environmental fabric.

Market Update

Memorial Park Real Estate Overview:

Price Trend Based on MLS Sold Data

Tax Rate
Tax Year Med. Price/Sqft. # of Sold
2024 345.61 35
2023 382.61 26
2022 291.64 69
2021 310.75 66
2020 248.39 42
2019 246.42 53
2018 240.61 58
2017 257.88 41
2016 250.47 41
2015 262.27 49
2014 269.85 56
2013 228.56 82
2012 233.87 61
2011 212.04 55
2010 209.83 60
2009 193.97 43

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Memorial Park Real Estate Market Overview

List Price
$1,365,264 avg.
List Price/Sqft
$372.90 avg.
Rent
$5,258 avg.
Rent/Sqft
$1.88 avg.

Recently Sold (Last 5 Years)

274 Properties
List Price
$1,441,287 avg.
List Price/Sqft
$389.62 avg.

Home Sizes

Bedroom(s)
3 avg.
Sqft
3,579 avg.

Memorial Park Homes for Sale and Rent

Nearby Market Areas