River Oaks, Texas Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the River Oaks, Texas rental market.
River Oaks, Texas
Average Apartment Rent
$1,432
Y-o-Y Change in Average
Apartment Rent
2.7%
As of November 2024
Compared to a year ago, River Oaks, Texas apartments have recorded a 2.7% rent increase.
River Oaks, Texas Average apartment rent trend
River Oaks, Texas Average Apartment Rent
River Oaks, Texas Apartment rent ranges
At 51.08%, apartments priced $1,000 - $1,500 represent the bulk of River Oaks, Texas rentals, while condos priced Over $2,000 hold the lowest share of the market – 5.1%.
River Oaks, Texas Housing tenure**
Renters take up 22% of River Oaks, Texas real estate, occupying a total of 535 units, while homeowners live in 1,917 properties.
Median number of rooms of renter-occupied housing units**
5.2
Renter median household income**
$77,610
Average household size of renter-occupied housing units**
3.85
Rental vacancy rate**
15.2%
River Oaks, Texas Renter-occupied housing units by no. of bedrooms**
There are 263 rentals in River Oaks, Texas with 3 beds making up the highest share of the market, at 49%. Units with No bedrooms, on the other hand, hold the lowest percentage (1%), amounting to 6 units. Overall, the median number of rooms in River Oaks, Texas homes for rent is 5.2.
River Oaks, Texas Renter-occupied units by age of householder**
Most condos for rent in River Oaks, Texas are occupied by residents in the 35 - 44 years age group (41%), followed by those in the 45 - 54 years age group (14%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 2%.
River Oaks, Texas Renter-occupied housing units by family type**
River Oaks, Texas Renter-occupied housing units by the presence of own children**
A total of 436 apartments for rent in River Oaks, Texas, or 81% of all rentals are family households. Additionally, 59% of rental homes include children under the age of 18 – that’s 313 units. All in all, the median size of a renter-occupied household in River Oaks, Texas is 3.85.
River Oaks, Texas Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 7% of the rental market. In contrast, residents with less than a high school degree reside in 22% of the homes for rent in River Oaks, Texas.
River Oaks, Texas Renter-occupied units by year structure built**
The highest share of River Oaks, Texas apartment rentals, namely 32% or 169 units, were Built 1940 - 1949, followed by those Built 1950 - 1959 (18%, 97 units), and the ones Built 1939 or earlier (11%, 61 units).
River Oaks, Texas Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most River Oaks, Texas renters (64%) moved in 2010 to 2017, while only 1% of them moved in 2000 to 2009. Overall, the median year renters have occupied their River Oaks, Texas condos for rent is 2016.
River Oaks, Texas Renter-occupied housing units by vehicles available**
When it comes to transportation options, 37% of River Oaks, Texas renters have 2 vehicles available per household, 23% of them have 1 vehicle available, and 21% have 3 vehicles available.
River Oaks, Texas Means of transportation to work of householders living in renter-occupied housing units**
River Oaks, Texas Geographical mobility in the past year for householders living in renter-occupied housing units**
River Oaks, Texas Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all River Oaks, Texas apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
