Lake of the Woods, AZ
Population 3,227 · Arizona
About Lake of the Woods, AZ
Lake of the Woods is a small town located in Arizona with a population of 3,227 residents according to the latest US Census Bureau American Community Survey data. The median household income is $55,531 per year, which is 26% below the national median of $75,149. The median age of 54.2 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Lake of the Woods features a median home value of $208,800, which is 15% below the national median of $244,900. This positions Lake of the Woods in a moderately priced market relative to the rest of the country. Median monthly rent is $780, 33% below the national average of $1,163/month. Of the 2,403 total housing units, 83% are owner-occupied (1,132 units) and 17% are renter-occupied (239 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake of the Woods shows an unemployment rate of 13.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 16.4%, above the national average of 12.4%. Workers in Lake of the Woods have an average one-way commute time of 21.5 minutes.
Education & Demographics
17.2% of Lake of the Woods residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 14.0% White, 5.6% Hispanic or Latino, 0.0% Black or African American, and 0.6% Asian residents, with 6.2% of the population being foreign-born.
Cost of Living in Lake of the Woods, AZ
Compared to national averages, Lake of the Woods has a median household income of $55,531 (26% below the national median of $75,149). Home values average $208,800, which is 15% below the national median. Monthly rent at $780 is 33% below the US average of $1,163. Within Arizona, Lake of the Woods's income is 11% below the state average of $62,086, and home values are 12% below the state median of $237,048.
Why Live in Lake of the Woods, AZ?
Lake of the Woods offers affordable housing with a median home value of $208,800, below the US average of $244,900, and rent that’s lower than the national average at $780/month, and short commute times averaging just 21.5 minutes.
Potential considerations include median household income ($55,531) that falls below the national average. However, Lake of the Woods’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake of the Woods has a population of 3,227 with a median age of 54.2 years. Compare Lake of the Woods with other cities to see how it stacks up, or explore all cities in Arizona.
Similar Cities Near Lake of the Woods
Cities in Arizona with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Cordes Lakes | 3,218 | $55,691 | $153,600 | Compare |
| Willcox | 3,236 | $40,750 | $155,000 | Compare |
| Heber-Overgaard | 3,216 | $56,667 | $281,600 | Compare |
| Kachina Village | 3,212 | $79,085 | $406,000 | Compare |
| Red Rock CDP (Pinal County), Arizona | 3,243 | $79,167 | $252,500 | Compare |
| San Manuel | 3,269 | $48,333 | $112,600 | Compare |
| Oracle | 3,154 | $66,729 | $209,000 | Compare |
| Williams | 3,322 | $66,183 | $457,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Arizona
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lake of the Woods With Other Cities
Frequently Asked Questions about Lake of the Woods
What is the population of Lake of the Woods, AZ?
The population of Lake of the Woods, AZ is 3,227 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Arizona.
What is the median household income in Lake of the Woods?
The median household income in Lake of the Woods, AZ is $55,531 per year, which is 26% below the national median of $75,149.
What is the median home value in Lake of the Woods?
The median home value in Lake of the Woods, AZ is $208,800, which is 15% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake of the Woods?
The median monthly rent in Lake of the Woods, AZ is $780, which is 33% below the national average of $1,163/month.
What is the unemployment rate in Lake of the Woods?
The unemployment rate in Lake of the Woods, AZ is 13.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lake of the Woods, AZ a good place to live?
Lake of the Woods offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 3,227 and a median age of 54.2, the city appeals to established professionals and retirees.
How educated is Lake of the Woods, AZ?
17.2% of residents in Lake of the Woods aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Lake of the Woods?
Key cost-of-living indicators for Lake of the Woods, AZ: median home value is $208,800 (15% below national), median rent is $780/month, and median household income is $55,531. The home-value-to-income ratio is 3.8x, a moderate figure by national standards.
What is the poverty rate in Lake of the Woods?
The poverty rate in Lake of the Woods, AZ is 16.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Lake of the Woods, AZ?
Lake of the Woods's population is 14.0% White, 5.6% Hispanic or Latino, 0.0% Black or African American, 0.6% Asian, and 0.9% two or more races. 6.2% of residents are foreign-born.