Real estate
BY NICHAELA SHAHEEN & CARSON WEAVER
Home Edition
2024
Readers, welcome to your annual CI Home Edition! This guide features news ranging from key real estate trends and new developments unique to your neighborhood to an overview of the housing industry across Texas. All of the stories were written by our team of local journalists, and all of the advertisements are from nearby businesses who support our mission to provide free, useful news—show them your gratitude by supporting local businesses. Over the last several years, we have seen the real estate market experience ebbs and flows, making it hard to predict what the future holds. But, what we do know, is more people have moved into the Montgomery County area within that time and there doesn’t seem to be any signs of that growth slowing down. In this edition, we look at year-over-year changes in the real estate market, including the changes in home sales and prices for eight Conroe and Montgomery-area ZIP codes. We also have some updates on a few residential communities that are under construction or now open. Additionally, read on to learn about Texas’s first statewide flood plan, which reports that over 5 million Texans either live or work in a flood plain. No matter if you’re a lifelong Montgomery County resident or just putting down roots in the area, I hope our annual Home Edition is useful and informative.
What's inside
See the changes in home prices year-over-year in June for Conroe, Montgomery (Page 19)
Chrissy Leggett General Manager cleggett@ communityimpact.com
New communities begin construction, open in Conroe, Montgomery (Page 21)
First statewide flood plan reports millions of Texans living in a flood plain (Page 23)
Senior living apartments set to be completed in August, September
Quote of note
“I think it’s just another feather in our cap of an option for people to consider when moving here.” SCOTT HARPER, PRESIDENT, CONROE/ LAKE CONROE CHAMBER OF COMMERCE
To facilitate the rise of the senior adult population in Conroe, Overland Property Group is renovating the former Montgomery County Hospital into senior living apartment complex Landmark 301. Scott Harper, president of the Conroe/ Lake Conroe Chamber of Commerce, said the project has dual benefits: revitalizing a long-dormant historical site during Conroe’s downtown refresh and meeting the demands of senior housing needs. Harper said he believes it will allow for more development and start a chain reaction of downtown upgrades. “It just adds more fuel to the fire,” Harper said. “People moving in and having an alternative place for their parents to live, ... that’s just going to enhance that they might come down.” Studio units, one-bedrooms units and two- bedroom units in Landmark 301 will be limited to senior households earning 30%, 50% and 60% of the area median income or less, respectively. April Engstrom, director of development for Overland Property Group, said Overland
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Diving in deeper
Landmark 301 Units: 48
This past April, Landmark 301 began construction and was listed on the National Register of Historic Places. Harper said he believes there’s merit to preserving a historical building and keeping the facade for the community to reflect on. Texas Historical Commission offers a tax credit program for the rehabilitation of historic buildings, and Harper said he hopes the developers will pass those savings on to the residents.
Rent: $371-$994
Amenities: Adult education classes, video surveillance security, exercise facility and on-site management
SOURCE: OVERLAND PROPERTY GROUP/COMMUNITY IMPACT
applied for and was awarded state funding for the project at the historic site in 2022 after being denied funding in 2021 due to the competitive process. Landmark 301’s grand opening is set for late August or early September, Engstrom said.
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CONROE - MONTGOMERY EDITION
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