Red Oak, TX Real Estate
According to census data in the year 2000 there were 1,579 housing units in Red Oak.
This represents a 34.5% growth from 1,174 in 1990.
Of those housing units, 1,446 were located in either urbanized areas or urban clusters, and 133 were located in what is classified as a rural area.
Homeownership rate in Red Oak is about 66.6%.
Red Oak's vacancy rate, including seasonal lodging, is about 5.1%.
Average household size is 2.78 people.
The majority of houses, apartments or condos in Red Oak were built after 1984.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 13.30% |
| Two Bedrooms | 23.70% |
| Three Bedrooms | 47.50% |
| Four Bedrooms | 14.20% |
| Five Bedrooms or more | 0.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.02 |
| Median year structure was built | 1985 |
| Median Value of occupied units | $87,600 |
| Median Price asked for vacant units | $140,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.29 |
| Median year structure was built | 1983 |
| Median Monthly Rent asked for vacant units | $643 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.50% |
| Home Equity Loan | 2% |
| Simple Mortgage | 63.60% |
| Debt Free | 31.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.5% |
