River Oaks contains some of the most coveted (and expensive) real estate in the city. River Oaks District also contains a 14-acre outdoor luxury boutique shopping center located inside the Houston Loop offering worldclass high-fashion brands, street-side cafes, fine-dining, and entertainment venues. River Oaks, a landmark neighborhood and one of Houston’s most exclusive residential areas The median home in River Oaks has more than 3,600 square feet and an appraised value of over $1,000,000; property values range to greater than $20M.