Eldridge/West Oaks, Houston, TX77082

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$255,000
2.8% YoY Growth
Median Household Income
$60,500
13.5% 5-Year Growth
Days on Market
61
19.0% Longer than last year
Home Price Forecast
-0.4%
Median Rent
$1,330
19.3% YoY Growth
1-Bed Rent
$947
27.8% YoY Growth
2-Bed Rent
$1,300
13.0% YoY Growth
3-Bed Rent
$2,050
5.5% YoY Growth

Other Zip Codes in Eldridge/West Oaks, Houston, TX

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 61. This is a increase of 19.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$299,0001.0%
Listing Count
20020.0%
Listings as % of Homes0.4%20.0%
Days on Market
6119.0%
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Demographics — Eldridge/West Oaks, Houston, TX

As of the latest ACS Survey released in 2023, Eldridge/West Oaks, Houston, TX has a population of 57,300, which has increased by 3.1% over the past 5 years. Eldridge/West Oaks, Houston, TX is a moderately popular place for families, as children make up 21.8% of the population. The area has a moderately educated workforce, with 35.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.6% reporting working from home.

MetricLatest CensusYoY % Change
Population
57,3003.1%
% Under 18
21.8%-2.7%
% Seniors
12.2%9.9%
% WFH
12.6%186.4%
% w/ College Degree
35.7%2.0%
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As of the latest ACS Survey released in 2023, Eldridge/West Oaks, Houston, TX is a predominantly black area, with 40.8% of the population identifying as black. The black population has grown by 11.2% in the last 5 years. The second most common race or ethnicity in Eldridge/West Oaks, Houston, TX is hispanic, making up 26.6% of the population. Foreign-born residents account for 38.8% of the population in Eldridge/West Oaks, Houston, TX, and this percentage has increased by 17.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

MetricLatest Census5-Year % Change
% White
20.2%8.0%
% Black
40.8%11.2%
% Hispanic
26.6%-5.3%
% Asian
10.6%-30.3%
% Foreign Born
38.8%17.6%
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Mortgage and Risk — Eldridge/West Oaks, Houston, TX

According to HUD data as of 2023, there were 342 mortgage originations in Eldridge/West Oaks, Houston, TX, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Eldridge/West Oaks, Houston, TX. Investor activity is low, as 5.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

MetricZip Code Average
Total Loan Originations
342
% Conventional Loans
82.0%
% Government Loans
18.0%
% Investor Loans
5.0%
% Second Loans
1.0%
% Cash Out Refinance
13.0%

Loan Activity

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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 3.5%. 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. In Eldridge/West Oaks, Houston, 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
581
Total Units Section 8
493
% Rentals under Section 8
3.5%
% Occupied Section 8
94.0%

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 Bedroom$413$947$1,360
2 Bedroom$330$1,300$1,630
3 Bedroom$120$2,050$2,170
4 Bedroom$390$2,350$2,740

Affordability — Eldridge/West Oaks, Houston, TX

Home Price to Income Ratio

MetricZip Code Average
Home Price to Income Ratio4.3
Median Home Price$255,000
Median Household Income$60,500

Eldridge/West Oaks, Houston, TX — ZIP Code Boundary Map

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Frequently Asked Questions