Why Live in Big Oak Bay
Big Oak Bay in Tyler, Texas, is a rural residential neighborhood characterized by its scenic location along Lake Tyler East. The area features heavily wooded lots, often over an acre, with many homes boasting private boat docks for easy lake access. The neighborhood is known for its ranch-style houses from the 1970s, though new multistory developments are also present. Residents enjoy a variety of water activities on the 2,500-acre lake, including boating, skiing, and fishing for largemouth bass and crappie. The community is tight-knit, with frequent gatherings and events, especially around major holidays like the Fourth of July. While commercial activity is limited within the neighborhood, downtown Tyler's historic shops and restaurants are just 12 miles away. For everyday needs, Family Dollar is 7 miles away, and chain restaurants are available in nearby New Chapel Hill. The Arp Independent School District serves the area, with Arp Elementary, Arp Junior High School, and Arp High School all receiving high ratings. Safety is a notable feature, with the neighborhood having a low crime risk compared to the national average. The area is secluded, located along a 4-mile dead-end street, which minimizes traffic and enhances the rural atmosphere.
Frequently Asked Questions
Is Big Oak Bay a good place to live?
Big Oak Bay is a good place to live. Big Oak Bay is considered very car-dependent and somewhat bikeable. It has a median age of 54. The average household income is $115,859 which is above the national average. College graduates make up 28.9% of residents. A majority of residents in Big Oak Bay are home owners, with 7.1% of residents renting and 92.9% of residents owning their home. A
local real estate agent serving Big Oak Bay can help you decide if this neighborhood is the right one for you. Learn more on our
Big Oak Bay neighborhood guide.
How much do you need to make to afford a house in Big Oak Bay?
The median home price in Big Oak Bay is $794,500. If you put a 20% down payment of $158,900 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $4,040 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $173K a year to afford the median home price in Big Oak Bay. The average household income in Big Oak Bay is $116K.
What are the best public schools in Big Oak Bay?
The best public schools that serve Big Oak Bay are:
What are the most popular zip codes in Big Oak Bay, Tyler, TX?
What are the most popular neighborhoods near Big Oak Bay, Tyler, TX?
Home Trends in Big Oak Bay, TX
On average, homes in Big Oak Bay, Tyler sell after 109 days on the market compared to the national average of 52 days. The median sale price for homes in Big Oak Bay, Tyler over the last 12 months is $680,000, up 27% from the median home sale price over the previous 12 months.
Median Sale Price
$680,000
Median Single Family Sale Price
$789,000
Average Price Per Sq Ft
$285
Number of Homes for Sale
2
Last 12 months Home Sales
3
Median List Price
$794,500
Median Change From 1st List Price
6%
Median Home Sale Price YoY Change
27%