Oakwood, TX Profile: Facts & Data

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Oakwood, Texas - Basic Facts

The Town of Oakwood had a population of 394 as of July 1, 2024. Oakwood ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Texas. See peer rankings below.

The primary coordinate point for Oakwood is located at latitude 31.5849 and longitude -95.8491 in Leon County. The formal boundaries for the Town of Oakwood encompass a land area of 1.13 sq. miles and a water area of 0 sq. miles. Leon County is in the Central time zone (GMT -6).

While the primary coordinates for Town of Oakwood are located in Leon County, it should be noted that the formal boundaries for this community also extend into and Freestone County.

The Town of Oakwood 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 Town of Oakwood is located within Oakwood Division of Leon County.


Jump to... (On This Page!)
  1. Oakwood 2024 Demographic Data
  2. Growth Rates for Oakwood (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 - 2024 Demographics
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Oakwood, TX Data & Demographics (As of July 1, 2024)

POPULATION

Total Population 394 (100%)
Population in Households 394 (100.0%)
Population in Families 346 (87.8%)
Population in Group Quarters1 0
Population Density 348
Diversity Index2 55
 
 

INCOME

Median Household Income $48,680
Average Household Income $65,578
% of Income for Mortgage4 12%
Per Capita Income $28,295
Wealth Index5 50
Socioeconomic Status Index6 Moderate (50.6)
 

HOUSING

Total HU (Housing Units) 196 (100%)
Owner Occupied HU 143 (73.0%)
Renter Occupied HU 27 (13.8%)
Vacant Housing Units 26 (13.3%)
Median Home Value $94,500
Average Home Value $185,140
Housing Affordability Index3 207
 

HOUSEHOLDS

Total Households 170
Average Household Size 2.32
Family Households 123
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

2020-2024 2024-2029
Population 0.30% 0.30%
Households 1.44% 1.15%
Families   -1.86%
Median Household Income   1.27%
Per Capita Income   2.74%
Owner Occupied HU   1.23%

Oakwood, TX - Peer Comparisons by Rank and Percentile

The table below compares Oakwood to the other 1,863 incorporated cities, towns and CDPs in Texas by rank and percentile using July 1, 2024 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 # 1336 28th
Population Density # 1325 29th
Median Household Income # 1460 22nd
Housing Affordability Index # 1727 93rd
Per Capita Income # 1213 35th
Diversity Index # 1400 25th

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

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