Attracting Young Homeowners

July 2019

'Attracting Young Homeowners' Infographic. In the Five Tomball and Magnolia ZIP Codes, 13.5% of Owner-Occupied Housing Units Were Owned by Residents Younger Than Age 34 in 2017, Census Data Shows

Lower Home Prices Debut

Construction is ongoing for multiple communities in Tomball and Magnolia, featuring home prices below $250,000.

Williams Trace broke ground in 2018 with home prices starting in the $170,000s, according to builder LGI Homes.

"Most of our buyers are first-time homebuyers. We see a good number of young families and couples," LGI Homes Project Manager Clint Williams said. "We provide an affordable monthly payment, so young homeowners can fulfill their dream of owning a home rather than renting an apartment."

Likewise, Century Communities, a builder within Mostyn Springs in Magnolia, starts home prices in the $180,000s, Houston Marketing Manager Lauren Pence said. Build-out is slated for summer 2021.

"Mostyn Springs is attract to first-time homebuyers that desire the lifestyle and convenience of The Woodlands but are unable or unwilling to pay the premium to live there," Century Communities Division President Chris Chew said in a statement.

Additionally, Tomball Heights plans to break ground in July to help meet the need for affordable starter homes, MHW Marketing Director Jessica Stark said. Home prices are slated to range from $190,000 to $220,000.

Source: U.S. Census Bureau/Community Impact Newspaper