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/ Luxury Neighborhoods / River Oaks

River Oaks

River Oaks Realtor The affluent innerloop neighborhood of River Oaks is located south of Buffalo Bayou, and east of Shepherd Drive. It is located next to the subdivisions of Avalon Place, and Royden Oaks. The community spans 1,100 acres with the majestic River Oaks Country Club located in the north part with its manicured greens and golf course designed by Donald Ross.

River Oaks was established in the 1920’s by the famous Hogg family. The neighborhood became a well-publicized national model for community planning. River Oaks is one of the wealthiest communities in Texas, and one of the wealthiest zip codes in the United States. Real estate values in this luxury neighborhood from $750,000 to over $20 million. The schools zoned to River Oaks are River Oaks elementary, Lanier Junior High School, and Lamar High School.

River Oaks is most famous for the Boulevard which starts at Lamar High School and ends at River Oaks Country Club. There are multi-million dollar mansions located on both sides of the street. The homes resemble the grandest antebellum homes of the old south. These mansions are surrounded by oak trees planted in the 1930’s, and azaleas with their pink and white flowers. Each spring the River Oaks Garden Club conducts their Azalea Tour of some of these grand homes and gardens. For the last 75 years this event signals the start of spring in Houston.

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Source: Wikipedia Encyclopedia; Houston Association of Realtors; Crawford Realty Advisors.

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2011 Facts

Subdivision Tax Rate

County / Zip Code  Harris / 77019
Single Family Properties  1,369
Average Bedrooms  3.66
Average Baths  3.36
Median Square Ft.  4,069
Median Lot Square Ft.  11,502
Median Year Built  1945
Median Appraised Value  $1,332,782
Neigborhood Value Range  $856 – $2762 K
Median Price / Square ft.  $318.84
Tax Type Tax Name Tax Rate
CITY CITY OF HOUSTON 0.6388%
COMMUNITY COLLEGE DISTRICT HOUSTON COMM. COLL. 0.0972%
COUNTY HARRIS CO 0.3912%
EDUCATIONAL HARRIS CO DPT EDUC 0.0066%
FLOOD CONTROL HARRIS CO FLOOD CONTRL 0.0281%
HOSPITAL HARRIS CO HOSPITAL 0.1922%
IMPROVEMENT DISTRICT HARRIS COUNTY ID # 3 0.1500%
INDEPENDENT SCHOOL DISTRICT HOUSTON ISD 1.1567%
MANAGEMENT DISTRICT HC ID 11 0.1250%
PORT OF HOUSTON PORT OF HOUSTON AUTH 0.0186%
Tax type varies for each property.

Square Foot Price Change Data  1994 – 2011 for RIVER OAKS

 

Tax Year Price/SQFT
1994 155.11
1995 132.11
1996 142.98
1997 164.88
1998 184.24
1999 201.03
2000 231.28
2001 249.40
2002 246.24
2003 254.64
2004 261.59
2005 290.84
2006 319.75
2007 344.94
2008 360.96
2009 359.52
2010 349.11
2011 318.84

 

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