Available land to build new homes has increased in Manvel and Iowa Colony over the last 10 years, while steadily decreasing in Pearland, according to data provided by MetroStudy, a real estate analytics firm.
“Pearland is a really established community. It still does have some room for growth, but it has seen a lot of growth over the past 10-15 years, so as a result, it has kind of matured at this point. There is not that much land left to develop,” Houston Regional Director Lawrence Dean said.
Since 2007, Pearland’s growth has been slowing. From second quarter 2017 to first quarter 2018, the city of Pearland saw a combined 7,193 available housing units, which includes vacant homes and undeveloped lots. While this number is up over the previous year, which yielded 5,220 units, it is a dramatic decrease since 2007 and 2008. From second quarter 2007 to first quarter 2008, the city saw 20,825 units, almost triple as many as seen in this past year.
Instead, growth is starting to move toward Manvel and Iowa Colony, according to MetroStudy data. In 2007-08, there were 3,273 future or vacant lots. In the 2017-18 year, there were 11,317. While this over triple what the city saw 10 years ago, it is down from the 2015-16 year by 2,000.
“Pearland is really the activity center for the area,” Dean said. “In a way, Manvel and Iowa Colony are emerging as Pearland gets built out. They are emerging as a function of the growth that started in Pearland.”
According to Dean, growth in Iowa Colony and Manvel will be spurred by one of the major factors that brought growth to Pearland: They are located along the Hwy. 288 corridor.