Oak Forest, Houston, TX—77018
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Oak Forest, Houston, TX
Home Price Trends — Oak Forest, Houston, TX
As of Oct '25, the median home price in Oak Forest, Houston, TX is $534,000, with a year-over-year change of 1.4%. This indicates that home prices in Oak Forest, Houston, TX are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $534,000 | 1.4% |
| Single Family | $535,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $431,000 | 2.4% |
3 Bed | $475,000 | 0.2% |
4 Bed | $921,000 | 1.7% |
| 5 Bed | $1,246,000 | 0.2% |
% of Housing Stock
Rental Trends — Oak Forest, Houston, TX
As of July '25, Rentcast reports the average rent in Oak Forest, Houston, TX is $2,550, with a year-over-year rent change of -2.7%. Per bedroom, the median rent as of July '25 in Oak Forest, Houston, TX is studios: $1,320, 1-bedrooms: $1,430, 2-bedrooms: $1,850, 3-bedrooms: $2,720, 4-bedrooms: $5,030. The most common rental property sizes in Oak Forest, Houston, TX are 1-bedroom and 2-bedroom, accounting for 39.5% and 30.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,420 | $2,550 |
| Studio Rent | $1,530 | $1,320 |
| 1 Bed Rent | $1,420 | $1,430 |
| 2 Bed Rent | $1,880 | $1,850 |
| 3 Bed Rent | $2,650 | $2,720 |
| 4 Bed Rent | $3,800 | $5,030 |
% of Rental Stock
Property Listings — Oak Forest, Houston, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Oak Forest, Houston, TX is 43. This is a increase of 5.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $530,000 | 1.0% |
Listing Count | 374 | 17.0% |
| Listings as % of Homes | 2.2% | 17.0% |
Days on Market | 43 | 5.0% |
Demographics — Oak Forest, Houston, TX
As of the latest ACS Survey released in 2023, Oak Forest, Houston, TX has a population of 29,600, which has increased by 4.8% over the past 5 years. Oak Forest, Houston, TX is a popular place for families, as children make up 25.4% of the population. The area has a highly educated workforce, with 60.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,600 | 4.8% |
% Under 18 | 25.4% | 5.0% |
% Seniors | 12.7% | -3.1% |
% WFH | 18.9% | 204.8% |
% w/ College Degree | 60.3% | 20.1% |
As of the latest ACS Survey released in 2023, Oak Forest, Houston, TX is a predominantly white area, with 51.9% of the population identifying as white. The white population has shrunk by 5.1% in the last 5 years. The second most common race or ethnicity in Oak Forest, Houston, TX is hispanic, making up 31.0% of the population. Foreign-born residents account for 12.5% of the population in Oak Forest, Houston, TX, and this percentage has decreased by 19.9% 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 | 51.9% | -5.1% |
% Black | 7.8% | 20.0% |
% Hispanic | 31.0% | -12.9% |
% Asian | 3.5% | 75.0% |
% Foreign Born | 12.5% | -19.9% |
Mortgage and Risk — Oak Forest, Houston, TX
According to HUD data as of 2023, there were 709 mortgage originations in Oak Forest, Houston, TX, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Oak Forest, Houston, TX. Investor activity is low, as 2.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 709 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Oak Forest, Houston, TX
As of 2024, the percent of homes in Oak Forest, Houston, TX under the Section 8 program is 0.4%. 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 Oak Forest, Houston, TX, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 18 |
Total Units Section 8 | 18 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$210 | $1,420 | $1,210 |
| 2 Bedroom | -$430 | $1,880 | $1,450 |
| 3 Bedroom | -$720 | $2,650 | $1,930 |
| 4 Bedroom | -$1,370 | $3,800 | $2,430 |
Affordability — Oak Forest, Houston, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $534,000 |
| Median Household Income | $122,000 |