Markets

Insider Trading

Hedge Funds

Retirement

Opinion

The Best Place to Retire in Houston

This article looks at the best place to retire in Houston. Check out our full list of Best Places to Retire in Houston.

Houston Housing Market

Redfin Corporation (NASDAQ:RDFN) reports the median price of a home in Houston to be $360,000; up 3.7% since last year. According to the real estate company, the housing market in the region is somewhat competitive, with average homes selling 2% below the list price. Redfin Corporation (NASDAQ:RDFN) is a Seattle-based residential real estate brokerage and mortgage origination services. The company operates in more than 100 markets in the United States as well as Canada. In Q1 2024, the company generated a revenue of $225.5 million, a 5% increase from the year-ago period. This is a considerable win for the company considering the business has been operating in the wake of soaring interest rates and declining home sales.  Meanwhile, the management of Redfin is also predicting $2 million in positive EBITDA in the current second quarter (ending June 30), as well as a positive full-year result. Wall Street is currently forecasting two interest rate cuts from the Fed by the end of 2024. With interest rate cuts in speculation, there might be an increased activity from home-buyers in turn benefiting the company.

While we at Insider Monkey recognize the potential of Redfin stock and its potential to generate returns, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

Zillow notes that housing markets that have “long been hot” such as that of Houston, will comparatively cool down in 2024. Rightly so, those in Austin, Dallas, and San Antonio have been slipping since last year. In another study conducted by Smart Asset, Houston has made it to the list of top 10 Where Retirees Are Moving – 2024 Study. Whether or not Houston is in demand or not, the one thing that is established is that Houston is a good place to retire for senior residents.

There are many pros of retiring to Houston. For example, it lies in the state of Texas, one of the most tax-friendly states to retire to. The state doesn’t have an income tax, which is why all retirement income in the state goes tax-free to retirees. Houston in particular is also recognized for its affordable cost of living. The cost of living index for Houston is 96, which indicates that living expenses in the area are 4% lower than the national average. Warm weather is another reason senior residents prefer living in the area. There is a thriving arts and music scene, numerous incredible restaurants, and lots of senior-friendly amenities and activities to do.

However, when looking for a home in Houston, it’s wise to do some homework on neighborhoods that have a historically low risk of flooding. The latest risk to the area is Tropical Storm Beryl, the first-ever storm to reach Category 4 in June that has weakened to a tropical storm after passing over Mexico’s Yucatan Peninsula. Flood risks like these mean that residents should be wary of houses they choose to live in, ensure thorough research on flood zones and invest in appropriate flood insurance. The key is to look for best places to live in Houston without flooding, such as the neighborhoods of Briargrove and Houston Heights. Despite its risk of floods, Houston remains a desirable place to live due to its diverse culture, strong job market, and vibrant arts scene. The city’s resilience and ongoing flood mitigation efforts further enhance its appeal for residents.

Pixabay/Public domain

Methodology

To compile the list of best places to retire in Houston, we began by rounding up a list of suburbs and destinations within the Houston metropolitan area. Next, we used various websites and forums to garner consensus on the best places to retire, awarding 1 point to a destination to a place each time it was recommended by a source. Scores were summed and places were ranked based on their total scores.

At Insider Monkey we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see the details here).

1. The Woodlands

Insider Monkey Score: 19

IM Cost of Living Index: 112

Median Home Price: $618,000

Median Rent: $1,806

Based on our methodology, the best place to retire in Houston is The Woodlands. This award-winning luxury master planned community is a special-purpose district and census-designated place (CDP) in the U.S. state of Texas in the Houston–The Woodlands–Sugar Land metropolitan statistical area. Downtown Houston is just 28 miles away, but the Woodlands is a complete world of its own. Built in and around 28,000 tree-filled acres, this destination is the perfect place to experience nature, countless leisure activities, and outstanding medical care. There are more than 200 miles of biking and hiking trails, popular lakes and nature parks, and many shopping destinations as well. Art shows, concerts and music festivals keep residents busy all year-long, while there is a bustling nightlife for the young at heart as well. Overall, The Woodlands can be an ideal place for retirees.

Check our complete list of 12 Best Places to Retire in Houston.

At Insider Monkey, we delve into a variety of topics, ranging from the best places to retire to the best MBA programs; however, our expertise lies in identifying the top-performing stocks. Currently, Artificial Intelligence (AI) technology stands out as one of the most promising fields. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: Analyst Sees a New $25 Billion “Opportunity” for NVIDIA and Jim Cramer is Recommending These 10 Stocks in June.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 70%.

For a ridiculously low price of just $29, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee:  If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

 

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $29.

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a year later!

This is the #1 Gold Stock for your 2025 watch list

Brace yourself.

There’s no question that thanks to Washington’s disastrous policies – and out-of-control spending – the outlook for the U.S. economy now appears dire.

And with the U.S. national debt now rising by a staggering $1 trillion every 100 days…there are no easy solutions to help get the nation back on track.

While Jay Powell and the Biden-Harris White House sweat out a federal debt that has reached $35.5 trillion – and climbing – many investors have raced to the sidelines with their cash.

But the truly savvy investors laugh while Jay Powell frets, because they understand that this ridiculous spending has also triggered a nearly unprecedented bull market for gold.

Just look at this chart for the yellow metal.

After testing the $2,000/ounce mark in August 2020 and February 2022, gold traded down to near $1,600/ounce in October 2022.

Since then, gold prices have been on an absolute tear and currently sit above $2,600/ounce, a $1,000/oz increase in just two short years.

But the surge in gold prices that we’ve seen over the past few years could pale in comparison to what’s on the horizon. As shocking as it may sound, with no end in sight for the Fed’s money printing, we could see the price of gold increase by many multiples in the years ahead.

With soaring inflation, the dollar stands to lose more and more of its value, which means you’ll need a lot more dollars to buy gold.

According to legendary investor Peter Schiff, today’s seemingly-high gold price of $2,600/oz. “could soar to $26,000/oz. — or even $100,000/oz. There’s no limit because gold isn’t changing — it’s the value of the dollar that’s decreasing.”[i]

Meanwhile, as profitable as gold has been, select gold mining stocks have really kicked into high gear, handing investors even bigger profits.

Click to continue reading…