Missouri City is nation’s 3rd most affordable city for homebuyers

Photo courtesy of Missouri City
Money Magazine and CNNMoney has named the “Show Me City” the nation’s third most affordable City for homebuyers.

Missouri City continues to earn its reputation as the “Show Me” City with yet another national ranking from MONEY Magazine and CNNMoney. The City came in at number three in the “Top 10 Most Affordable Cities for Homebuyers” (population 50,000 to 300,000).

Using data from Onboard Informatics and other sources, MONEY Magazine/CNNMoney identified locations with economic strength, quality health care, low crime, great schools, and lots to do. Then the magazine’s reporters visited 29 top-scoring places to “assess what the numbers can’t tell you—whether a town is a true community.” Spring is the only other Texas City on the list and was ranked No. 1.

Missouri City’s ranking is the latest in a series of national and state recognitions. In 2010, Missouri City ranked #21 in MONEY Magazine’s 100 Best Places to Live in America after coming in at #56 in 2008, for cities with populations from 50,000 to 300,000.

“Those of us living here know what a special place we have,” said Mayor Allen Owen. “We are recognized for responsibly managing our growth with ongoing input from our citizens, and we all are very honored with this national recognition. I can’t credit our residents enough for their interest in keeping our city an attractive and a safe place to raise their families.”

Owen went on to explain that “we have excellent credit ratings which allow us to continue to build our infrastructure and attract businesses, including companies that have located their world and regional headquarters in our City, such as Global Geophysical, Lufkin Automation and Ben E. Keith.”

According to MONEY Magazine and CNNMoney, “amid these towns that comprise the best places to live, we’ve researched some of the areas where homes are most affordable. Given the tough housing market and an even tighter wallet, residents of these 10 towns see their incomes go the furthest when it comes to home ownership.” The magazine’s research shows Missouri City has median home prices at $145,690, median family income of $89,242, and it hails that “with almost two dozen parks in just 30 square miles, it’s no wonder Missouri City is considered one of Texas’ most scenic towns.”

Missouri City’s Economic Development Director Bob Graf added that “since we have a wide variety of homes available in Missouri City, our community allows most employees of a company that locates here to be able to find an affordable home close to work and recreational venues.”

MONEY Magazine and CNNMoney also highlights that Missouri City “is one of the state’s most diverse, both ethnically—with 56 languages spoken in the school system—and socioeconomically. And there are affordable homes to suit every income bracket, from expansive mansions to beautiful three-bedrooms that cost less than $100,000. Another draw for homebuyers: great schools and strict zoning.”

Director of Development Services Gary Smith said, “Missouri City emphasizes the quality of life in the community.” He added that “the City’s zoning regulations provide a pleasing blend of architecture, creating a visually pleasing environment. Missouri City has been recognized as a Scenic City by Scenic America’s Texas chapter due to these regulations.” Noting the importance of these accomplishments, Smith said, “the City preserves and works to improve the appearance of the community through its Comprehensive Plan, zoning regulations and code enforcement activities.”

In past years, Missouri City has also been recognized as the 5th safest City in Texas by Congressional Quarterly, was presented with the prestigious gold Leadership Circle Award from the Texas State Comptroller’s Office for transparency in financial, audit and budget reporting to residents, and for more than 20 years the City Budget and the Comprehensive Annual Financial Report have been recognized annually by the Government Finance Officers Association of the United States and Canada for their detail on City services and programs and the City’s financial condition.

In addition, “Avid Golfer” magazine named the El Dorado greens at Quail Valley Golf Course No. 1 in the category for the “Best Overall Value Under $40” and No. 2 in the “Top 10 Value Priced Courses” among public golf courses in Texas.

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Posted by on Sep 26 2012. Filed under Featured Slider, Missouri City. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

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