Red Oak, Texas.
Typical home $343,024 (-1.5% in a year), asking rent $2,335 (+7.5%). Dallas-Fort Worth-Arlington, TX metro.
to buy the typical home at today's mortgage rate — +$909 (+102%) since Jan 2020.
- 1 year
- Down $5,164 -1%
- $348,188$343,024 since Sep 2025
- 5 years
- Up $39,594 +13%
- $303,430$343,024 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Red Oak$1,800
- Texas$1,556
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 28 years.
Typical home values in Red Oak, TX fell 1.5% over the past year — slower than the nation's +1.2%.
Asking rents in Red Oak, TX rose 7.5% over the past year — faster than the nation's +2.7%.
Owning the typical home in Red Oak runs $218/mo more than renting one. The gap peaked at $551 in May 2024.
That is $2,553 a month against $2,335 rent: a $1,800 mortgage payment, plus $385 property tax and $367 insurance & upkeep.
Owning vs renting — Red Oak
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$2,553
- Renting$2,335
- Mortgage only$1,800
Property tax · $385/mo 1.35% of value a year — the ACS 2020-2024 median bill over the median home value for Ellis County, TX
Insurance & upkeep · $367/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Red Oak, Ellis County, Texas
Red Oak is a city of 14,222 people in Ellis County. Half its households earn more than $104,561 a year and half less, against $99,595 across Ellis County; 5% of its people live below the poverty line. 76% of its homes are lived in by their owners and 24% are rented. Unemployment in Ellis County was 4.3% in August 2026, and the county had 3.1% more jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Red Oak is a city in Ellis County, a place of owner-occupied homes where most households own rather than rent, and where typical home values and rents sit at fairly high levels. Residents are younger than in many US towns, and household incomes run a little above the county's, with relatively few people living below the poverty line. Winters are mild and rarely bring snow, summers turn hot by August, and the year is reasonably wet.
Work. Many residents work in schools, hospitals and social care, in shops, in the building trades, and in banks, insurance and property. Among the largest workplaces in Red Oak are Red Oak ISD, the aircraft parts maker Qarbon Aerospace, and Bombardier US Aerostructures. Commutes are on the longer side, a fair number of people work from home, and jobs across Ellis County have grown over the past year.
Things to do. The best known places nearby are each a longer drive away. AT&T Stadium is a large stadium, the Dallas Museum of Art is an art museum, and the Trinity River is the river that runs through the region. For a day out, they offer sport, art and time by the water.
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- 5,347households
- 37%of adults have a degree
- 5%below the poverty line
- 27 mintypical commute
- 15%work from home
What residents work in
Employed residents by industry, from the Census survey. Ellis County had 64,686 jobs in 2025, 3.1% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 56° and lows near 34°; warmest in August, with highs near 95° and lows near 74°. About 41 inches of rain a year, and little or no snow.
Average daily high and low, 1991–2020, at the Waxahachie weather station, 7 miles away (NOAA).
Largest workplaces in Red Oak
- Red Oak ISDSchool district966FTE
- Qarbon AerospaceAircraft assemblies, subassemblies, and parts manufacturing491
- Bombardier US AerostructuresAircraft manufacturing412
- WalmartWarehouse clubs and supercenters325
- CSL Red OakAssisted-living facilities98
- National Distribution Centers LLC TX30Transportation, warehousing, logistics49
- US LBM HoldingsLumber plywood millwork wood panel whlsl22
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 6 workplaces with 20 or more staff, 1,397 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- HailRelatively high
- Cold wavesRelatively high
- LightningRelatively high
- TornadoesRelatively high
- Heat wavesRelatively moderate
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Red Oak’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Ellis County and the Dallas-Fort Worth-Arlington, TX metro.
Red Oak home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Red Oak$343,024
- Texas$296,424
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Red Oak listings, and the typical home goes pending in 38 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Red Oak38.13%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
Not enough data to draw this yet.
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Red Oak118
New listings per month
Sellers arriving at the market.
- Red Oak28
Zip codes with a Red Oak address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Red Oak — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.