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City · 17,077 residents · Ellis County, Texas

Red Oak , Texas

In Red Oak, a typical home is worth $366,100 and typical rent is $1,920 a month. Compared with all of Ellis County, typical rent is 20% higher and the typical home value is 5% higher.

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  • Typical home value

    $366,100

    5% above the county

    29% above Texas

    • Red Oak
    • Ellis
    • Texas

  • Typical rent

    $1,920a month

    20% above the county

    37% above Texas

    • Red Oak
    • Ellis
    • Texas

  • Typical household income

    $104,561a year

    5% above the county

    33% above Texas

    • Red Oak
    • Ellis
    • Texas

  • Households that own their home

    76%

    About the same as the county

    13 points above Texas

    • Red Oak
    • Ellis
    • Texas

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$343,024
1.5% less than 12 months ago
Typical rent
$2,335 a month
7.5% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Red Oak is in Ellis County. The FHA loan limit ($563,500 for a one-unit home), the fair market rents and the help on this page are those of all of Ellis County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Red Oak apart

What this place has that others do not, from public data, most unusual first.

  1. Red Oak has the 5th largest share of rent-burdened renters of the 356 cities in Texas with more than 5,000 people (81%).

  2. Nearby, in Lancaster, the typical home value is $246,300: 33% less than in Red Oak ($366,100).

  3. Nearby, in Wilmer, the typical rent is $1,364: 29% less than in Red Oak ($1,920).

  4. The typical rent in Red Oak is $1,920 a month, 20% more than in Ellis County as a whole ($1,594).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Red Oak

What homes there are in Red Oak, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house rules in Red Oak: 84% of homes, more than in Ellis County (78%).

Year built

The typical home in Red Oak was built in 2007, 5 years after the typical one in Ellis County.

There is more room for a big family here: 82% of homes have 3 bedrooms or more, against 78% in Ellis County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,470 a month

Ellis County: $2,258 a month

Without a mortgage

$938 a month

Ellis County: $789 a month

Owners with a mortgage

74%

Ellis County: 63%

Owning costs more in Red Oak: with a mortgage, the typical cost is $2,470 a month; in Ellis County, $2,258. Without one, $938.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Red Oak rose 76% since 2015–2019, less than in Ellis County (82%).

Since 2015–2019, the typical rent in Red Oak rose 69%, more than in Ellis County (51%).

The typical household income in Red Oak rose 45%: less than home values (+76%) and rent (+69%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureRed OakEllis CountyTexasUnited States
Rental vacancy Unreliable estimate3.8%7.7%5.5%
Homeowner vacancy Unreliable estimate0.8%1.1%0.9%
More than one person per room Unreliable estimate3.6%4.8%3.4%
People per household 3.162.942.692.53
Drive alone 71%77%71%69%
Carpool 11%9%10%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate1%2%3%
Work from home 15%12%14%15%
Other means Unreliable estimate1%2%2%
Typical commute Unreliable estimateUnreliable estimate20 to 29 minutes20 to 29 minutes

More people live in each home here: 3.16 on average, against 2.94 in Ellis County.

To get to work, 71% of workers in Red Oak drive alone; in Ellis County, 77%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Red Oak?

A typical home costs more than the typical income allows

We start with a typical home in Red Oak, worth $366,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 37% of the typical household income in Red Oak, which is $104,561 a year. For that payment to be 28% of income, a household would need to earn about $139,546 a year.

The calculator's FHA and conventional loan limits are those of all of Ellis County.

Your numbers

Local data
$

Starts at the typical home value in Red Oak. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $12,814 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,256

at 7.18% · 30 years

Loan amount
$359,469
Total interest
$517,191
Paid off in
November 2056

Includes $6,183 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,440 a month

  • Tight

    $2,440 to $3,137 a month

  • Hard

    more than $3,137 a month

    Your payment · 37%

Compared with the typical household income in Red Oak ($104,561 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,256
Principal & interest$2,435
Property tax$506
Home insurance$153
FHA mortgage insurance (MIP)$162

You need at least $12,814 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Red Oak and Ellis County

Red Oak is in Ellis County, Texas. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Red Oak's own numbers

Typical home value
$366,100
Typical monthly rent
$1,920
Typical yearly household income
$104,561
Households that own their home
76%
Effective property tax rate
1.66%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Ellis County

FHA limit, one-unit home
$563,500
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,807
Price change over 5 years (FHFA)
+50%
Homes in a high flood-risk zone
1.5%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Ellis County.

Everything about Ellis County

Buying

Buying a home in Red Oak

A typical home in Red Oak is worth $366,100: 5% above the county and 29% above Texas. With the typical household income in Red Oak ($104,561 a year), a typical home costs 3.5 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Red Oak 3.5 years
  • Ellis 3.5 years
  • Texas 3.6 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Ellis County

According to FHFA’s house price index, home prices in Ellis County rose 113% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Ellis County.

Period County Texas U.S.
Last year (2025) −0.3% +0.8% +2.9%
5 years (2020–2025) +50% +44% +47%
10 years (2015–2025) +113% +88% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Red Oak next to Ellis County, Texas and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Red Oak $366,100
  • Ellis $348,600
  • Texas $283,800
  • United States $332,700
Typical monthly rent
  • Red Oak $1,920
  • Ellis $1,594
  • Texas $1,403
  • United States $1,413
Typical yearly household income
  • Red Oak $104,561
  • Ellis $99,595
  • Texas $78,476
  • United States $80,734
See the full table
Red Oak next to Ellis County and Texas
Measure Red Oak Ellis County Texas U.S.
Typical home value $366,100 $348,600 $283,800 $332,700
Typical monthly rent $1,920 $1,594 $1,403 $1,413
Typical yearly household income $104,561 $99,595 $78,476 $80,734
Households that own their home 76% 76% 63% 65%
Typical yearly property tax $6,091 $4,697 $4,232 $3,119
Effective property tax rate 1.66% 1.35% 1.49% 0.94%
Renters with high rent for their income 81% 51% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Ellis County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Red Oak

For a typical $366,100 home in Red Oak, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Red Oak's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,256a month

    Least cash to close
    Down payment
    $12,814
    Cash to close
    $23,797
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $162

  • Conventional, 5% down $3,189a month

    Down payment
    $18,305
    Cash to close
    $29,288
    Rate
    7.18%
    Mortgage insurance
    PMI · $174

  • Conventional, 20% down, no PMI $2,643a month

    Down payment
    $73,220
    Cash to close
    $84,203
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,982a month

    Down payment
    $54,915
    Cash to close
    $65,898
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Red Oak and for Ellis County.

Property tax

Effective rate in Red Oak

1.66%of the home’s value each year

$6,091 a year for the typical owner in Red Oak.

  • Red Oak 1.66%
  • Ellis 1.35%
  • Texas 1.49%

What Texas publishes School-district homestead exemption (Texas Comptroller of Public Accounts)

Exemptions and deadlines in Texas

Flood risk in Ellis County

FEMA does not publish these numbers by city: they are for all of Ellis County.

Homes in the high-risk zone
1.5%
881
Of those, with NFIP insurance
29%
County Texas U.S.
Homes in the high-risk zone 1.5% 4.1% 3.5%
Of those, with NFIP insurance 29% 48% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Red Oak

Typical rent in Red Oak is $1,920 a month: 20% above the county. In Red Oak, 81% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Ellis County, by unit size. To pay the 2-bedroom one ($1,807 a month) without spending more than 30% of your income, you would need to earn $34.75 an hour working full time.

HUD fair market rent for all of Ellis County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,491 $28.67 $59,640
1 bedroom $1,536 $29.54 $61,440
2 bedrooms $1,807 $34.75 $72,280
3 bedrooms $2,275 $43.75 $91,000
4 bedrooms $2,892 $55.62 $115,680

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Red Oak

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Red Oak is in ZIP code 75154.

For 2 bedrooms it is $1,780: $27 less than the fair market rent for Ellis County ($1,807).

  • 75154 $1,780$2,240

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Red Oak when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Red Oak

HUD lists one building with rents for lower incomes in Red Oak.

  • Red Oak Apts (red Oak) 413 W Red Oak Rd, Red Oak 75154 116 low-income homes · In service since 2011

See all 24 buildings in Ellis County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Red Oak

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Ellis County. The nearest ones are below; many serve by phone or online.

A man leans over the armchair where a girl is reading a book.

HUD counseling is free or low-cost

Assistance programs in Red Oak

No down payment, repair or rent-help program on our list is for Red Oak or Ellis County. The ones below are statewide in Texas: they work in Red Oak the same as in the rest of the state.

Which programs do I qualify for? All programs in Texas

  • My First Texas Home

    Statewide in Texas

    Texas state program for first-time buyers: a 30-year mortgage with down payment assistance. Offered by Texas Department of Housing and Community Affairs (TDHCA).

    DeferredForgivable

    See the program Official page

  • My Choice Texas Home

    Statewide in Texas

    Texas state program with down payment assistance for any buyer, not only first-time buyers. Offered by Texas Department of Housing and Community Affairs (TDHCA).

    DeferredForgivable

    See the program Official page

  • Texas Mortgage Credit Certificate (MCC)

    Statewide in Texas

    Limited funds remain, per the source

    Texas state certificate that turns part of your mortgage interest into a credit on your federal tax return. Offered by Texas Department of Housing and Community Affairs (TDHCA).

    Tax credit

    See the program Official page

Housing counselors near Red Oak

The HUD-approved agencies closest to the center of Red Oak, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • NSC (naca Counseling Subsidiary) - Dallas, TX

    5787 S Hampton Rd Ste 115, Dallas · 12 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 3 more
    (972) 283-1171

  • Operation Hope - Dallas Texas

    1150 W Kiest Blvd, Dallas · 14 miles away · Spanish

    • Mortgage delinquency workshops
    • Budget and financial counseling
    • and 3 more
    (256) 384-6720

  • BCL of Texas (business and Community Lenders)

    400 S Zang Blvd Ste 1220, Dallas · 16 miles away · Spanish

    Also serves in other languages.

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 3 more
    (214) 688-7456

All counseling agencies in Texas

Help in Spanish near Red Oak

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Red Oak

In HUD’s record, no housing authority with an office in Ellis County is named for Red Oak or Ellis County.

3 other authorities have an office in Ellis County: see the list Source: HUD

Cities

Other cities in Ellis County

These cities are also in Ellis County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Ellis County Housing in Texas

Nearby cities

The cities closest to Red Oak, with the typical home value.

Neighboring counties

If Ellis County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Red Oak.

All guides
A mother smiles as she carries her young daughter on her shoulders (black and white).

Questions

Housing questions about Red Oak

Short answers with the numbers for Red Oak and all of Ellis County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Red Oak?

The typical home value in Red Oak is $366,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Ellis County it is $348,600.

How much does it cost to rent in Red Oak?

Typical rent in Red Oak is $1,920 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Ellis County is $1,807.

What is the FHA loan limit in Red Oak?

Red Oak uses the FHA limit for all of Ellis County (2026): $563,500 for a one-unit home and $1,083,650 for a four-unit home.

How much property tax do owners pay in Red Oak?

The typical homeowner in Red Oak pays $6,091 a year, according to the U.S. Census Bureau. That is 1.66% of the home’s value; in Ellis County, the rate is 1.35%.

Where can I find free help to buy or rent in Red Oak?

We found no HUD-approved counseling agencies with an office in Ellis County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).