Ransom Canyon, TX Profile: Facts & Data

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Ransom Canyon, Texas - Basic Facts

The Town of Ransom Canyon had a population of 1,215 as of July 1, 2019. Ransom Canyon 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 Ransom Canyon is located at latitude 33.5334 and longitude -101.6796 in Lubbock County. The formal boundaries for the Town of Ransom Canyon encompass a land area of 0.79 sq. miles and a water area of 0.16 sq. miles. Lubbock County is in the Central time zone (GMT -6). The elevation is 3,104 feet.

The Town of Ransom Canyon (GNIS ID: 2412529) 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 Ransom Canyon is located within Slaton Division of Lubbock County.

Alternate Unofficial Names for Ransom Canyon: Lake Ransom Canyon, Lake Ransome Canyon Village.

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  1. Ransom Canyon 2019 Demographic Data
  2. Growth Rates for Ransom Canyon (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 - 2019 Demographics

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Ransom Canyon, TX Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Ransom Canyon, TX Housing Affordability Index is 194
State of Texas Housing Affordability Index is 132
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.

WEALTH INDEX

Ransom Canyon, TX Wealth Index is 201
State of Texas Wealth Index is 94
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.

These new demographic attributes are availiable for cities, Counties, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific Texas address.

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POPULATION

Total Population 1,215
Population in Households 1,215
Population in Familes 1,054
Population in Group Qrtrs 0
Population Density 1,548
Diversity Index1 54
 

INCOME

Median Household Income $89,095
Average Household Income $120,924
Per Capita Income $47,337
Wealth Index3 201

HOUSING

Total Housing Units 518 (100%)
Owner Occupied HU 382 (73.7%)
Renter Occupied HU 115 (22.2%)
Vacant Housing Units 21 ( 4.1%)
Median Home Value $243,493
Housing Affordability Index2 194
 

HOUSEHOLDS

Total Households 497
Average Household Size 2.44
Family Households 372
Average Family Size 3
NOTES
  1. 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 race 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.
  2. 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.
  3. 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.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 1.12% 1.28%
Households 1.03% 1.22%
Families 0.51% 1.16%
Median Household Income   3.41%
Per Capita Income   3.45%

Ransom Canyon, TX - Peer Comparisons by Rank and Percentile

The table below compares Ransom Canyon to the other 1,746 incorporated cities, towns and CDPs in Texas by rank and percentile using July 1, 2019 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 # 926 47th
Population Density # 421 76th
Diversity Index # 801 54th
Median Household Income # 155 91st
Per Capita Income # 100 94th

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

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