Fort Bend County’s continued population boom has brought with it a demand for housing that has consumed nearly all buildable ground in Sugar Land, with land in Missouri City dwindling as well, according to real estate professionals and city officials.
The lack of buildable land, coupled with a population projected to nearly double in the coming decades could send area housing costs soaring. Real estate agent Cathy Stubbs has worked in Sugar Land and Missouri City for
22 years and said she has seen increasing numbers of homebuyers—particularly younger people—struggling to find affordable properties in the cities.
“I think that's probably one of the major problems that we have,” Stubbs said. “Sugar Land has priced itself out of first-time home buyers for the most part or really anyone who’s very budget-minded.”
With its town square shopping hub and tree-lined boulevards, Sugar Land has become a much sought-
after address in Houston’s southwest suburbs. Its median home price already tops $425,000.
From October 2013 to November 2016, the most recent available data from Move Inc. and the National Association of Realtors, median housing prices for Sugar Land increased from $334,000 to $428,000 while Missouri City’s median prices rose from $254,000 to $348,000.
“It’s its own city so it generates its own demand,” Stubbs said. “It’s not really part of Houston.”
People on the move
The population of Fort Bend County was about 579,000 in 2010 and is expected to reach 1.06 million by 2030, according to the Houston-Galveston Area Council, an association of Houston-area counties. With that many more people moving to the county, the lack of space on which to build additional housing could boost home prices significantly in coming years.
Missouri City and Sugar Land have already seen their populations increase substantially. Missouri City’s population grew nearly 10.3 percent from 67,225 people in 2010 to 74,139 people in 2015. During that same time, Sugar Land’s population grew by about 11.4 percent from an estimated 79,113 people to an estimated 88,156 people, according to U.S. Census Bureau estimates.