Knollwood, TX Profile: Facts & Data

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Knollwood, Texas - Basic Facts

The City of Knollwood had a population of 794 as of July 1, 2023. Knollwood ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Texas. See peer rankings below.

The primary coordinate point for Knollwood is located at latitude 33.6895 and longitude -96.6192 in Grayson County. The formal boundaries for the City of Knollwood encompass a land area of 0.33 sq. miles and a water area of 0 sq. miles. Grayson County is in the Central time zone (GMT -6).

The City of Knollwood has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Texas is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The City of Knollwood is located within East Grayson Division of Grayson County.


Jump to... (On This Page!)
  1. Knollwood 2023 Demographic Data
  2. Growth Rates for Knollwood (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Texas Research Tools (Easy Tools & Current Data)
  3. Texas Data Comparison Tool - 2023 Demographics
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Knollwood, TX Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 794 (100%)
Population in Households 794 (100.0%)
Population in Families 541 (68.1%)
Population in Group Quarters1 0
Population Density 2,413
Diversity Index2 58
 
 

INCOME

Median Household Income $78,539
Average Household Income $100,309
% of Income for Mortgage4 18%
Per Capita Income $49,523
Wealth Index5 59
Socioeconomic Status Index6 Moderate (57.7)
 

HOUSING

Total HU (Housing Units) 422 (100%)
Owner Occupied HU 138 (32.7%)
Renter Occupied HU 254 (60.2%)
Vacant Housing Units 30 ( 7.1%)
Median Home Value $236,842
Average Home Value $269,746
Housing Affordability Index3 122
 

HOUSEHOLDS

Total Households 392
Average Household Size 2.03
Family Households 189
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population 1.19% -0.10%
Households 0.80% 0.05%
Families   0.00%
Median Household Income   -0.42%
Per Capita Income   0.87%
Owner Occupied HU   -0.15%

Knollwood, TX - Peer Comparisons by Rank and Percentile

The table below compares Knollwood to the other 1,862 incorporated cities, towns and CDPs in Texas by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 1081 42nd
Population Density # 236 87th
Median Household Income # 424 77th
Housing Affordability Index # 1001 54th
Per Capita Income # 193 90th
Diversity Index # 1283 31st

Additional comparisons and rankings can be made with a VERY EASY TO USE Texas Census Data Comparison Tool.

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