I echo Jeebus' thoughts about homes on Wilcrest - they will go for a discount because they are less desirable. If one is desperate to get into a neighborhood, those would be the cheapest way besides just finding the smallest house that needs a lot of repair work. I also agree about Walnut Bend/Lakeside that someone mentioned - in my opinion if you're going to be in the area there will be less crime, better home appreciation, better schools and (often) less traffic in the neighborhoods off of Memorial compared to Briar Forest/Westheimer. Taxes for a house that is appraised at $265k has total property taxes of about $6500 in 2005 (including county, city, schools, etc.) "Regular" maintenance is hard to say for a home that is 40-50 years old. More than "regular" maintenance is the number of big projects that will need to be done - there can be houses that age with new windows, new siding, new insulation, redone kitchen/baths, new flooring, etc. that will require negligible maintenance. Then there are those that will need all that plus a new roof.... I commute to the Galleria from roughly Kirkwood between Memorial & I-10. I leave early and come home early to beat traffic. I leave at 6:15 am and sit down in my office at 6:35 am taking I-10. I leave at 4:15 and am always home by 5:00 (again taking I-10) even if traffic is unusually heavy and the entrance ramp to 610 being closed by my office. I would think this would improve after the construction is done. Hopefully by 2008/2009 the construction will have paid off and I-10 will actually be more of a "plus" than a "minus". I'll put in one more plug for Nottingham - Wilchester/Memorial/Stratford schools and every other street is a "horseshoe" street that doesn't go through to Kirkwood which makes it very difficult to cut through. Prices are (in general) lower than Wilchester and there are probably more homes in your size range. Best of luck in your search!