Palo Pinto, TX Profile: Facts & Data

The Palo Pinto Census Designated Place had a population of 368 as of July 1, 2020. Palo Pinto 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 Palo Pinto is located at latitude 32.7673 and longitude -98.2987 in Palo Pinto County. The formal boundaries for the Palo Pinto Census Designated Place encompass a land area of 0.85 sq. miles and a water area of 0.01 sq. miles. Palo Pinto County is in the Central time zone (GMT -6). The elevation is 1,043 feet.

The Palo Pinto Census Designated Place (GNIS ID: 2584712) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

Texas is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Palo Pinto Census Designated Place is located within Palo Pinto-Santo Division of Palo Pinto County.

Palo Pinto, TX Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	368 (100%)
Population in Households	341 (92.7%)
Population in Families	300 (81.5%)
Population in Group Quarters¹	27 ( 7.3%)
Population Density	432
Diversity Index²	29


INCOME
Median Household Income	$53,161
Average Household Income	$78,490
% of Income for Mortgage⁴	11%
Per Capita Income	$28,541
Wealth Index⁵	94

HOUSING
Total HU (Housing Units)	147 (100%)
Owner Occupied HU	84 (57.1%)
Renter Occupied HU	18 (12.2%)
Vacant Housing Units	45 (30.6%)
Median Home Value	$138,889
Average Home Value	$262,500
Housing Affordability Index³	243

HOUSEHOLDS
Total Households	102
Average Household Size	3.34
Family Households	77
Average Family Size	4

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.

Palo Pinto, TX - Peer Comparisons by Rank and Percentile

The table below compares Palo Pinto to the other 1,746 incorporated cities, towns and CDPs in Texas by rank and percentile using July 1, 2020 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	2010-2020	2020-2025
Population	0.98%	0.7%
Households	1.01%	0.58%
Families	2.14%	0.51%
Median Household Income		0.74%
Per Capita Income		0.5%
Owner Occupied HU		0.7%

Variable Description	Rank	Percentile
Total Population	# 1363	22nd
Population Density	# 1253	28th
Median Household Income	# 784	55th
Housing Affordability Index	# 1057	61st
Per Capita Income	# 615	65th
Diversity Index	# 1426	18th

Palo Pinto, TX Profile: Facts & Data

Palo Pinto, Texas - Basic Facts

Palo Pinto, TX Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Palo Pinto, TX - Peer Comparisons by Rank and Percentile

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