Eldridge/West Oaks, Houston, TX—77077
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Eldridge/West Oaks, Houston, TX
Home Price Trends — Eldridge/West Oaks, Houston, TX
As of Oct '25, the median home price in Eldridge/West Oaks, Houston, TX is $387,000, with a year-over-year change of -2.5%. This indicates that home prices in Eldridge/West Oaks, Houston, TX are decreasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $387,000 | -2.6% |
| Single Family | $399,000 | -2.4% |
| Condos | $115,000 | -5.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $108,000 | -5.3% |
2 Bed | $161,000 | -4.2% |
3 Bed | $357,000 | -3.0% |
4 Bed | $450,000 | -2.0% |
| 5 Bed | $912,000 | 0.7% |
% of Housing Stock
Rental Trends — Eldridge/West Oaks, Houston, TX
As of July '25, Rentcast reports the average rent in Eldridge/West Oaks, Houston, TX is $2,170, with a year-over-year rent change of -14.9%. Per bedroom, the median rent as of July '25 in Eldridge/West Oaks, Houston, TX is studios: $1,080, 1-bedrooms: $1,260, 2-bedrooms: $1,710, 3-bedrooms: $2,750, 4-bedrooms: $3,670. The most common rental property sizes in Eldridge/West Oaks, Houston, TX are 1-bedroom and 2-bedroom, accounting for 41.9% and 35.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,770 | $2,170 |
| Studio Rent | $1,100 | $1,080 |
| 1 Bed Rent | $1,260 | $1,260 |
| 2 Bed Rent | $1,680 | $1,710 |
| 3 Bed Rent | $2,600 | $2,750 |
| 4 Bed Rent | $3,200 | $3,670 |
% of Rental Stock
Property Listings — Eldridge/West Oaks, Houston, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Eldridge/West Oaks, Houston, TX is 56. This is a increase of 21.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $390,000 | -4.0% |
Listing Count | 277 | 41.0% |
| Listings as % of Homes | 0.5% | 41.0% |
Days on Market | 56 | 21.0% |
Demographics — Eldridge/West Oaks, Houston, TX
As of the latest ACS Survey released in 2023, Eldridge/West Oaks, Houston, TX has a population of 63,400, which has increased by 9.1% over the past 5 years. Eldridge/West Oaks, Houston, TX is a moderately popular place for families, as children make up 21.6% of the population. The area has a highly educated workforce, with 57.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 63,400 | 9.1% |
% Under 18 | 21.6% | -0.5% |
% Seniors | 13.0% | 3.2% |
% WFH | 19.5% | 353.5% |
% w/ College Degree | 57.3% | 2.7% |
As of the latest ACS Survey released in 2023, Eldridge/West Oaks, Houston, TX is a predominantly white area, with 33.4% of the population identifying as white. The white population has shrunk by 18.5% in the last 5 years. The second most common race or ethnicity in Eldridge/West Oaks, Houston, TX is black, making up 29.8% of the population. Foreign-born residents account for 31.6% of the population in Eldridge/West Oaks, Houston, TX, and this percentage has decreased by 12.7% 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 | 33.4% | -18.5% |
% Black | 29.8% | 46.8% |
% Hispanic | 20.9% | -5.9% |
% Asian | 11.6% | -14.7% |
% Foreign Born | 31.6% | -12.7% |
Mortgage and Risk — Eldridge/West Oaks, Houston, TX
According to HUD data as of 2023, there were 537 mortgage originations in Eldridge/West Oaks, Houston, TX, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Eldridge/West Oaks, Houston, TX. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 537 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Eldridge/West Oaks, Houston, TX
As of 2024, the percent of homes in Eldridge/West Oaks, Houston, TX under the Section 8 program is 0.5%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Eldridge/West Oaks, Houston, TX, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 126 |
Total Units Section 8 | 126 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $330 | $1,260 | $1,590 |
| 2 Bedroom | $220 | $1,680 | $1,900 |
| 3 Bedroom | -$70 | $2,600 | $2,530 |
| 4 Bedroom | -$10 | $3,200 | $3,190 |
Affordability — Eldridge/West Oaks, Houston, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $387,000 |
| Median Household Income | $71,100 |