Priced by place From the cover
The big picture
New or incoming housing projects
While housing developments are cropping up throughout the area, many are concentrated in Manvel and Alvin.
Pearland
Friendswood
Manvel
Alvin
As land for new development in Pearland and Friendswood becomes more scarce, local officials are noting the growing challenges in home affordability for first-time buyers and young, growing families. Houston Association of Realtors, or HAR, data from May shows only 20% of homeowners in town can afford the median single-family home in Friendswood. In Pearland, that number is 37%. Jason Franklin, a licensed agent with Houston- based real estate agency, The Franklin Team, said housing prices don’t tend to drop. “If you’re waiting for prices to drop, you’ll be waiting a long time,” Franklin said. Pearland Mayor Kevin Cole said he attributes the city’s high home prices to the desirability to live in the city. However, he acknowledged that it has led some, particularly younger families or people who grew up in the city, to struggle to stay within Pearland. Meanwhile, developers in Manvel and Alvin are building thousands of new homes. Despite this, data from HAR shows housing prices in May were 16% higher in Manvel than Pearland. Developments in Manvel, such as Valencia, are selling homes from $300,000-$600,000, while all new home communities in Pearland, including Massey Oaks and Alexander, range from $315,000-$360,000, according to Realtor.com. However, incentives from builders can lead to lower interest rates on new homes and help homeowners save on monthly mortgage payments, according to Realtor.com. Franklin said Manvel and Alvin may appeal more to first-time homebuyers. Cole added that Pearland and Friendswood appeal more to second-time buyers looking to “move up.”
2024
2025
2024
2025
2024
2025
2024
2025
Residents who can afford median home Median home price
39% 37% 27% 20% 24% 23% 49% 44%
$365K $375K $459K $546K $449K $480K $293K $310K
Pearland
BROADWAY ST.
Pearland Old Townsite
Alexander Community
BAILEY AVE.
Pomona
Massey Oaks Estate Series
35
Friendswood
Del Bello Lakes
Foxtail Palms Community
Avalon at Friendswood
Valencia
Kendall Lakes
288
Manvel
6
Martha's Vineyard
528
Meridiana
Laurel Landing
Imperial Forest
MERIDIANA PKWY.
35
Alvin
Watermark
N
MAP NOT TO SCALE
SOURCES: HOUSTON ASSOCIATION OF REALTORS, REALTOR.COM, ZILLOW/COMMUNITY IMPACT
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