2 real estate trends to know in the Lake Houston, Humble, Kingwood area in 2019

Single-family home growth is on the rise in the Lake Houston area.

Single-family home growth is on the rise in the Lake Houston area.

An active-adult community recently opened in Kingwood—and another is set to debut in Humble in 2020. Meanwhile, multifamily housing is also on the rise in Kingwood and the New Caney area.

1. Active-adult communities meeting demands of the Lake Houston area’s aging population

Two active-adult communities, Ivy Point Kingwood and The Fordham at Eagle Springs, joined or will soon join the Lake Houston real estate market to meet the demand of the area’s aging population.

Active-adult communities are for 55-plus residents, providing a social space for the empty nesters, retirees or soon-to-be retirees who want to downsize their homes without sacrificing quality of life, said Jeffrey Cole, the vice president of leasing at Pinpoint Commercial, which is developing Ivy Point Kingwood.

“The reason why a lot of these properties have become so popular is the older people who have been [living] in homes don’t want to deal with home maintenance ... and they want to be around people who are likeminded and the same age,” Cole said.

Ivy Point Kingwood opened Phase 1 of the development in April and features 150 one- and two-bedroom units, a three-story clubhouse with an entertainment area, and a resort-style pool and amenities upon built-out in July.

Meanwhile, The Fordham at Eagle Springs, which is being developed by Estates at Eagle Springs Developers LLC, will open in March 2020 on Eagle Springs Parkway in Humble. Rent is estimated to start at roughly $1,350 per month, according to company representatives.

The community will feature a clubhouse with a game room, a resort-style pool, a fitness center, a salon and massage therapy room as well as a business center and conference room.

According to American Community Survey data from the U.S. Census Bureau, there are 10,802 people age 55 or older with an income of more than $40,000 living in Kingwood—which is 12.3% of Kingwood’s population.

“As far as Houston’s concerned, there’s really not that many of these 55-plus properties that … don’t do meals and transportation,” Cole said. “We thought Kingwood would be the next place we should look into [because] there aren’t those types of properties out there.”

2. Multifamily housing increases in New Caney

An April 2019 demographic study of New Caney ISD from the Population and Survey Analysts demographics firm showed multifamily housing is primed to grow in the north Lake Houston area in the next 10 years—specifically in areas such as Valley Ranch, Kingwood and the Grand Parkway corridor.

Valley Ranch, a Signorelli Co. development, is set to bring 456 units in two phases. The first phase premiered in early June and is expected to have 336 units by January. Signorelli President Danny Signorelli said via email the developer intends to develop the next phase of multifamily housing in the next few years.

Signorelli said the company is currently designing the next phase of multifamily development in Valley Ranch, which will bring 500 units to the area.

PASA data shows Valley Ranch will bring 1,000 additional multifamily units to the New Caney area in the next five years, while more than 630 units are planned for the Kingwood area. The Royalton at Kingwood is constructing 331 units, and Stratus Properties is building 300 units on Northpark Drive, according to PASA.

By Kelly Schafler

Managing editor, South Houston

Kelly joined Community Impact Newspaper as a reporter in June 2017 after majoring in print journalism and creative writing at the University of Houston. In March 2019, she transitioned to editor for the Lake Houston-Humble-Kingwood edition and began covering the Spring and Klein area as well in August 2020. In June 2021, Kelly was promoted to South Houston managing editor.