Oakwood, OK
Population 75 · Oklahoma
About Oakwood, OK
Oakwood is a small community located in Oklahoma with a population of 75 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 67.5 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 Oakwood features a median home value of $100,000, which is 59% below the national median of $244,900. This makes Oakwood one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,083, 7% below the national average of $1,163/month. Of the 46 total housing units, 77% are owner-occupied (30 units) and 23% are renter-occupied (9 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Oakwood shows an unemployment rate of 5.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 22.7%, above the national average of 12.4%. Workers in Oakwood have an average one-way commute time of 17.9 minutes, one of the shorter commutes in the region.
Education & Demographics
9.1% of Oakwood 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 2.7% White, 26.7% Hispanic or Latino, 1.3% Black or African American, and 2.7% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Oakwood, OK
Compared to national averages, Oakwood has a median household income of $0 (100% below the national median of $75,149). Home values average $100,000, which is 59% below the national median. Monthly rent at $1,083 is 7% below the US average of $1,163. Within Oklahoma, Oakwood's income is 100% below the state average of $56,382, and home values are 17% below the state median of $119,992.
Why Live in Oakwood, OK?
Oakwood offers affordable housing with a median home value of $100,000, below the US average of $244,900, and rent that’s lower than the national average at $1,083/month, and short commute times averaging just 17.9 minutes.
Potential considerations include median household income ($0) that falls below the national average. However, Oakwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Oakwood has a population of 75 with a median age of 67.5 years. Compare Oakwood with other cities to see how it stacks up, or explore all cities in Oklahoma.
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Cities in Oklahoma with a similar population size.
Demographics
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Economy & Education
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Other Cities in Oklahoma
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Oakwood
What is the population of Oakwood, OK?
The population of Oakwood, OK is 75 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Oklahoma.
What is the median household income in Oakwood?
The median household income in Oakwood, OK is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in Oakwood?
The median home value in Oakwood, OK is $100,000, which is 59% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Oakwood?
The median monthly rent in Oakwood, OK is $1,083, which is 7% below the national average of $1,163/month.
What is the unemployment rate in Oakwood?
The unemployment rate in Oakwood, OK is 5.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Oakwood, OK a good place to live?
Oakwood offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 75 and a median age of 67.5, the city appeals to established professionals and retirees.
How educated is Oakwood, OK?
9.1% of residents in Oakwood 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 Oakwood?
Key cost-of-living indicators for Oakwood, OK: median home value is $100,000 (59% below national), median rent is $1,083/month, and median household income is $0. The home-value-to-income ratio is Infinityx, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Oakwood?
The poverty rate in Oakwood, OK is 22.7%, 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 Oakwood, OK?
Oakwood's population is 2.7% White, 26.7% Hispanic or Latino, 1.3% Black or African American, 2.7% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.