Bunker Hill Background

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About Bunker Hill Village
Bunker Hill is an affluent residential village located in the state of Texas. It is part of the six villages that make the larger luxurious Memorial villages located Western side Downtown Houston along the Katy Free way.
Bunker Hill is located on the western side of the villages with elegant homes and quiet residential enclave that makes the villages popular all over the world. On its own right, Bunker Hill real estate ranks among the most expensive not only in Texas but also in America.
It covers a total area of 1.5 square miles with a population of around 3 800 people and access to Sam Houston Parkway and Katy Freeway. Some of the most expensive homes are found in Bunker Hill and it was at one time named as the …show more content…
The demand has seen the prices increase from $1,175,000 in 2005 to $1,815,000 in 20014.
Some of the reasons cited for the increase in demand and popularity of Bunker Hill homes are:
• Excellent location. Bunker Hill enjoys a central location in the Villages despite being located on the westernmost part and farthest from Downtown Houston. In addition, Sam Houston Parkway and Katy Freeway can be accessed easily from Bunker Hill.
• Excellent schools. Highly regarded schools like the Spring Branch ISD, Memorial High School, Stratford High School and National Blue Ribbon Schools serve this village. This is probably the reason over 77% of the adult population have a degree. The village is regarded as a white collar city with over 95% of the workforce in white collar jobs. Many of them are managers, professionals, office workers and sales people.
• Proximity to shopping and entertainment. Although Bunker Hill is largely a residential village, it is situated near great shopping and entertainment centers. These centers include Memorial City Mall and CityCentre that offer great shopping and dining …show more content…
The rise in demand for homes for sale in Bunker Hill is also being witnessed in the neighborhood –like in Southgate area and Timbergrove- where real estate prices have appreciated with up to 25% increase in one year.

Some of the notable Bunker Hill Real Estate Market trends include:
• 54% appreciation in the last 10 years
The sales price for Bunker Hill homes has been on the increase with an increase of $640,000 in 2014 from $1,175,000 in 2005. This is a significant increase in price, although the appreciation was slow compared to other Villages.
• Increase in average price per square foot and in land prices
The average price per square foot and land prices has increased by 50% in the last 10 years. Notable also is the increase in Lot prices from $24-$37- a positive change- from 2005-2014.
• Fluctuation in price over the last five years
This is positive to those looking to be part of this community. The fluctuation in home prices is being attributed to the renovation and teardown projects that are taking place in this village and its neighboring villages. With construction of new customized homes, you can find cheaper older
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