Fair Oaks Ranch, TX—78015
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fair Oaks Ranch, TX
As of Oct '25, the median home price in Fair Oaks Ranch, TX is $593,000, with a year-over-year change of -0.5%. This indicates that home prices in Fair Oaks Ranch, TX are flat. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $593,000 | -0.5% |
| Single Family | $593,000 | -0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $476,000 | -0.8% |
4 Bed | $627,000 | 0.5% |
| 5 Bed | $700,000 | -0.3% |
% of Housing Stock
Rental Trends — Fair Oaks Ranch, TX
As of July '25, Rentcast reports the average rent in Fair Oaks Ranch, TX is $2,600, with a year-over-year rent change of -7.8%. Per bedroom, the median rent as of July '25 in Fair Oaks Ranch, TX is 1-bedrooms: $1,160, 2-bedrooms: $1,540, 3-bedrooms: $2,340, 4-bedrooms: $3,020. The most common rental property sizes in Fair Oaks Ranch, TX are 1-bedroom and 4-bedroom, accounting for 49.0% and 24.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,600 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,180 | $1,160 |
| 2 Bed Rent | $1,590 | $1,540 |
| 3 Bed Rent | $2,250 | $2,340 |
| 4 Bed Rent | $2,850 | $3,020 |
% of Rental Stock
Property Listings — Fair Oaks Ranch, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Fair Oaks Ranch, TX is 69. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $640,000 | 4.0% |
Listing Count | 148 | -9.0% |
| Listings as % of Homes | 1.2% | -9.0% |
Days on Market | 69 | 0.0% |
Demographics — Fair Oaks Ranch, TX
As of the latest ACS Survey released in 2023, Fair Oaks Ranch, TX has a population of 23,500, which has increased by 55.8% over the past 5 years. Fair Oaks Ranch, TX is a popular place for families, as children make up 28.6% of the population. The area has a highly educated workforce, with 63.4% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,500 | 55.8% |
% Under 18 | 28.6% | 14.4% |
% Seniors | 13.2% | -29.8% |
% WFH | 28.9% | 189.0% |
% w/ College Degree | 63.4% | 7.6% |
As of the latest ACS Survey released in 2023, Fair Oaks Ranch, TX is a predominantly white area, with 62.6% of the population identifying as white. The white population has shrunk by 14.2% in the last 5 years. The second most common race or ethnicity in Fair Oaks Ranch, TX is hispanic, making up 29.3% of the population. Foreign-born residents account for 10.3% of the population in Fair Oaks Ranch, TX, and this percentage has increased by 63.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 62.6% | -14.2% |
% Black | 2.3% | 53.3% |
% Hispanic | 29.3% | 48.0% |
% Asian | 3.1% | 29.2% |
% Foreign Born | 10.3% | 63.5% |
Mortgage and Risk — Fair Oaks Ranch, TX
According to HUD data as of 2023, there were 593 mortgage originations in Fair Oaks Ranch, TX, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Fair Oaks Ranch, TX. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 593 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Fair Oaks Ranch, TX
As of 2024, the percent of homes in Fair Oaks Ranch, TX under the Section 8 program is 1.9%. 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 Fair Oaks Ranch, 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 | 9 |
Total Units Section 8 | 9 |
% Rentals under Section 8 | 1.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $510 | $1,180 | $1,690 |
| 2 Bedroom | $480 | $1,590 | $2,070 |
| 3 Bedroom | $400 | $2,250 | $2,650 |
| 4 Bedroom | $160 | $2,850 | $3,010 |
Affordability — Fair Oaks Ranch, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $593,000 |
| Median Household Income | $155,000 |