Lipan, TX Profile: Facts & Data

The City of Lipan had a population of 588 as of July 1, 2024. Lipan 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 Lipan is located at latitude 32.5185 and longitude -98.0459 in Hood County. The formal boundaries for the City of Lipan encompass a land area of 1.06 sq. miles and a water area of 0 sq. miles. Hood County is in the Central time zone (GMT -6).

The City of Lipan 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 Lipan is located within Granbury West Division of Hood County.

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

POPULATION
Total Population	588 (100%)
Population in Households	588 (100.0%)
Population in Families	516 (87.8%)
Population in Group Quarters¹	0
Population Density	554
Diversity Index²	30


INCOME
Median Household Income	$62,586
Average Household Income	$86,792
% of Income for Mortgage⁴	28%
Per Capita Income	$30,407
Wealth Index⁵	77
Socioeconomic Status Index⁶	Moderate (52.0)

HOUSING
Total HU (Housing Units)	229 (100%)
Owner Occupied HU	169 (73.8%)
Renter Occupied HU	37 (16.2%)
Vacant Housing Units	23 (10.0%)
Median Home Value	$282,692
Average Home Value	$447,485
Housing Affordability Index³	84

HOUSEHOLDS
Total Households	206
Average Household Size	2.85
Family Households	144
Average Family Size	4.00

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.

Lipan, TX - Peer Comparisons by Rank and Percentile

The table below compares Lipan 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	3.65%	2.28%
Households	3.09%	2.14%
Families		1.48%
Median Household Income		4.51%
Per Capita Income		3.33%
Owner Occupied HU		2.37%

Variable Description	Rank	Percentile
Total Population	# 1200	36th
Population Density	# 1098	41st
Median Household Income	# 966	48th
Housing Affordability Index	# 528	28th
Per Capita Income	# 1060	43rd
Diversity Index	# 1809	3rd

Lipan, TX Profile: Facts & Data

Lipan, Texas - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Lipan, TX - Peer Comparisons by Rank and Percentile

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