Red Oak, TX—75154
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Red Oak, TX
As of Oct '25, the median home price in Red Oak, TX is $349,000, with a year-over-year change of -2.1%. This indicates that home prices in Red Oak, TX are decreasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $349,000 | -2.1% |
| Single Family | $349,000 | -2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $240,000 | -3.2% |
3 Bed | $329,000 | -2.1% |
4 Bed | $374,000 | -2.6% |
| 5 Bed | $448,000 | -2.2% |
% of Housing Stock
Rental Trends — Red Oak, TX
As of July '25, Rentcast reports the average rent in Red Oak, TX is $2,320, with a year-over-year rent change of 0.9%. Per bedroom, the median rent as of July '25 in Red Oak, TX is 1-bedrooms: $1,300, 2-bedrooms: $1,530, 3-bedrooms: $2,220, 4-bedrooms: $2,540. The most common rental property sizes in Red Oak, TX are 3-bedroom and 2-bedroom, accounting for 38.0% and 27.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,320 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,210 | $1,300 |
| 2 Bed Rent | $1,460 | $1,530 |
| 3 Bed Rent | $2,200 | $2,220 |
| 4 Bed Rent | $2,500 | $2,540 |
% of Rental Stock
Property Listings — Red Oak, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Red Oak, TX is 63. This is a increase of 7.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $399,000 | -9.0% |
Listing Count | 240 | -3.0% |
| Listings as % of Homes | 1.2% | -3.0% |
Days on Market | 63 | 7.0% |
Demographics — Red Oak, TX
As of the latest ACS Survey released in 2023, Red Oak, TX has a population of 50,200, which has increased by 25.6% over the past 5 years. Red Oak, TX is a popular place for families, as children make up 25.7% of the population. The area has a moderately educated workforce, with 31.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 50,200 | 25.6% |
% Under 18 | 25.7% | -7.9% |
% Seniors | 11.8% | 13.5% |
% WFH | 14.1% | 88.0% |
% w/ College Degree | 31.0% | 28.1% |
As of the latest ACS Survey released in 2023, Red Oak, TX is a predominantly white area, with 38.5% of the population identifying as white. The white population has shrunk by 10.7% in the last 5 years. The second most common race or ethnicity in Red Oak, TX is black, making up 30.5% of the population. Foreign-born residents account for 9.1% of the population in Red Oak, TX, and this percentage has decreased by 1.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 38.5% | -10.7% |
% Black | 30.5% | 15.5% |
% Hispanic | 27.2% | 1.1% |
% Asian | 1.3% | 160.0% |
% Foreign Born | 9.1% | -1.1% |
Mortgage and Risk — Red Oak, TX
According to HUD data as of 2023, there were 961 mortgage originations in Red Oak, TX, of which 48.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 60.0% above 90% LTV (very high). This implies large mortgage risk in Red Oak, TX. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 961 |
% Conventional Loans | 48.0% |
% Government Loans | 52.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Red Oak, TX
As of 2024, the percent of homes in Red Oak, TX under the Section 8 program is 10.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Red Oak, TX, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 286 |
Total Units Section 8 | 286 |
% Rentals under Section 8 | 10.6% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $400 | $1,210 | $1,610 |
| 2 Bedroom | $430 | $1,460 | $1,890 |
| 3 Bedroom | $170 | $2,200 | $2,370 |
| 4 Bedroom | $540 | $2,500 | $3,040 |
Affordability — Red Oak, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $349,000 |
| Median Household Income | $96,200 |