River Oaks, which is located midway between downtown and uptown, is perhaps Houston’s most affluent community. Bound by Buffalo Bayou to the north, to the east by South Shepherd Drive and to the west by Willock Road, River Oaks consists of 1,100 acres of pure splendor.This community is situated along the southern edge of Memorial Park, within the 610 Loop.
This wealthy community, which is home to many of Houston’s business leaders, consists of approximately 7,000 residents who enjoy easy access to the Southwest Freeway for a quick, ten-minute commute to downtown Houston.
River Oaks is conveniently located just a few miles from the River Oaks Shopping Center and the Highland Village Shopping Center. And of course downtown Houston’s endless array of shopping, fine dining, entertainment and nightlife is just a short drive away.
River Oaks is home to the super-exclusive River Oaks Country Club, which has hosted the River Oaks International Tennis Tournament since 1931. This prestigious country club boasts a rich history and equally rich surroundings.
Real Estate in Houston’s Most Exclusive Zip Code
River Oaks currently has about 1,400 properties which consist mainly of sprawling mansions with manicured lawns and landscaped gardens. Property values, therefore, typically range anywhere from $1 million to $20 million. In fact, finding a single family home under $1 million in this highly coveted area is highly unlikely.
River Oaks and its Ever-Appreciating Market Values
As one of the Southwest’s most desirable, residential communities, River Oaks commands top dollar for real estate. And even as the country makes its way out of a real estate slump, River Oaks seems to walk away, unscathed.
In fact, this affluent community has seen single family homes appreciate at a rate of 31 percent between 2004 and 2007, and 8 percent from 2006 to 2007 alone. River Oaks, during this time, experienced some of the highest home appreciation in the region.
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