Southlake, TX Profile: Facts & Data

The City of Southlake had a population of 31,100 as of July 1, 2024. Southlake 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 Southlake is located at latitude 32.9412 and longitude -97.1342 in Tarrant County. The formal boundaries for the City of Southlake encompass a land area of 21.88 sq. miles and a water area of 0.63 sq. miles. Tarrant County is in the Central time zone (GMT -6).

While the primary coordinates for City of Southlake are located in Tarrant County, it should be noted that the formal boundaries for this community also extend into and Denton County.

The City of Southlake 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 Southlake is located within Northeast Tarrant Division of Tarrant County.

Southlake, TX Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	31,100 (100%)
Population in Households	30,880 (99.3%)
Population in Families	29,357 (94.4%)
Population in Group Quarters¹	220 ( 0.7%)
Population Density	1,424
Diversity Index²	59


INCOME
Median Household Income	$200,001
Average Household Income	$284,739
% of Income for Mortgage⁴	24%
Per Capita Income	$87,501
Wealth Index⁵	300
Socioeconomic Status Index⁶	High (73.5)

HOUSING
Total HU (Housing Units)	9,772 (100%)
Owner Occupied HU	8,930 (91.4%)
Renter Occupied HU	626 ( 6.4%)
Vacant Housing Units	216 ( 2.2%)
Median Home Value	$754,521
Average Home Value	$885,081
Housing Affordability Index³	93

HOUSEHOLDS
Total Households	9,556
Average Household Size	3.23
Family Households	8,653
Average Family Size	3.00

NOTES

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.
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.
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.
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).
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.
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.

Southlake, TX - Peer Comparisons by Rank and Percentile

The table below compares Southlake 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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.12%	-0.03%
Households	0.03%	0.15%
Families		0.03%
Median Household Income		0.00%
Per Capita Income		1.91%
Owner Occupied HU		0.28%

Variable Description	Rank	Percentile
Total Population	# 119	94th
Population Density	# 470	75th
Median Household Income	# 15	100th
Housing Affordability Index	# 669	36th
Per Capita Income	# 28	99th
Diversity Index	# 1303	30th

Southlake, TX Profile: Facts & Data

Southlake, Texas - Basic Facts

Southlake, TX Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Southlake, TX - Peer Comparisons by Rank and Percentile

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