January's First-Time Homebuyer Report for Red Oak

Red Oak is a larger than average city in Texas with 10,769 residents. Also, it has seen a 59.0% increase in population over the last 10 years. Red Oak is an area where most people own their homes, with an ownership ratio of 65.6%. Heading the list of top schools in the city is Red Oak Elementary School.

Price Range

Red Oak has some of the more expensive homes in the state with a median home value of $115,800 and a current average list price of $224,360.

Curious as to which homes have been getting the most attention in Red Oak? These listings have stirred up interest and produced the most views:

$161K   $174K   $269K  

Typical Dwelling

The typical dwelling in Red Oak is a three-bedroom detached home worth about $177,986. To purchase a similar home, a buyer with good credit and a $35,597 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,051 monthly payment. The property tax rate is $15.18 per $1,000 of taxable assessed value.

Get started right now by checking out Red Oak homes for sale or reviewing Red Oak real estate trends.


Data reported through 1/12/2017

Comments:

Ask a local expert about this area:
Keller Williams
4 reviews
Keller Williams Realty
Snapped 8 homes in this area
Century 21 Judge Fite
Snapped 2 homes in this area

Agents that specialize in this area
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