Oakwood, TX Profile: Facts & Data

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.

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

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.

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.

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%

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

Oakwood, TX Profile: Facts & Data

Oakwood, Texas - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Oakwood, TX - Peer Comparisons by Rank and Percentile

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