Convenience Big Store: Pearland sees home prices rise again, according to latest data

Pearland homeowners see uptick in property values

The real estate market is beginning to normalize after the pandemic boom, and home owners in Pearland are seeing an uptick in their home values.

Our home value tracker found that Pearland's east side home values have risen by 2 percent from last year, averaging at $365,877. The west side has a 1 percent increase with an average home valued at $380,922.

Although home values fluctuate over time, falling home values can decrease the equity an owner has in the property, diminishing their buying power if they're in the market for a new home or loan. On the flip side, rising home values can give homeowners more of a financial cushion for future property purchases, according to staff reporters Marissa Luck and Alexandra Kanik.

How has your property value impacted your property tax in comparison to last year?

Pooja Bhakta, Pearland reporter

pooja.bhakta@houstonchronicle.com

Need to Know

Pearland Mayor Kevin Cole hosts a Aug. 23 Talk of the Town event to present the 2024 fiscal year budget and proposed tax rate at the West Pearland Community Center, 2150 Country Place Parkway.

Photo by: Pooja Bhakta/Staff Writer

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Growing Pearland

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Photo by: Mark Mulligan, Houston Chronicle / Staff Photographer

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Openings and Closings

Starbucks began its construction this week for its 11th Pearland location at 9829 Broadway and is expected to open in November.

Shout out

Killen's was amongst several Houston area barbecue specialists to join Texas Monthly's barbecue festival on Saturday.

One last thing …

Texans may be noticing an increase in their electricity bills this summer as unrelenting high temperatures have many blasting air-conditioning to keep cool.

Here are some resources if you're struggling to pay electricity bills with the ongoing heat wave.