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$120,000

$139,900

Lot 8 Red Oak Hills Road, Nocona, TX, 76255

On MarketInfo
Price DropInfo
Baths0 Bath
Unimproved LandUnimproved Land

About this property

Welcome to Lot # 8 of Red Oak Hills, conveniently located between the historic towns of Nocona and St. Jo with easy access back to highway 82. This 5 acre tract offers a gentle rise from the road to the interior of the property before transitioning to a gradual downward slope as you move to the rear of the property. These natural slopes offer great drainage with no need for drainage easements on this property. A nice balance of open spaces and pockets of dense trees allow for a feel of being on a larger tract of land. This would be a great site to build your future home with restrictions in place to protect your investment. Electric runs along the road. Imagine sitting on your porch or next to a window sipping your beverage of choice while watching the deer frolic or the turkey strut. Your piece of North Texas hill county awaits.

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$0Estimated Equity
0% equity
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$720 /month
Positive
Cash Flow Estimate:
$240 /month

Interested in this property?

Christopher McGowan

Land Company of Texas

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
$300/month
5.947%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Nocona

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