Deerwood, TX
Population 1,989 · Texas
About Deerwood, TX
Deerwood is a small town located in Texas with a population of 1,989 residents according to the latest US Census Bureau American Community Survey data. The median household income is $83,400 per year, which is 11% above the national median of $75,149. The median age of 34.3 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Deerwood features a median home value of $68,200, which is 72% below the national median of $244,900. This makes Deerwood one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 640 total housing units, 80% are owner-occupied (472 units) and 20% are renter-occupied (120 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Deerwood shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Deerwood have an average one-way commute time of 42.5 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
13.5% of Deerwood 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 77.9% White, 7.9% Hispanic or Latino, 0.0% Black or African American, and 10.2% Asian residents, with 18.2% of the population being foreign-born.
Cost of Living in Deerwood, TX
Compared to national averages, Deerwood has a median household income of $83,400 (11% above the national median of $75,149). Home values average $68,200, which is 72% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Texas, Deerwood's income is 15% above the state average of $72,726, and home values are 68% below the state median of $211,769.
Why Live in Deerwood, TX?
Deerwood offers a strong local economy with a median household income of $83,400, well above the national average, and affordable housing with a median home value of $68,200, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 0.0%, better than the national average.
Deerwood has a population of 1,989 with a median age of 34.3 years. Compare Deerwood with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Deerwood
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Yorktown | 1,987 | $69,948 | $159,000 | Compare |
| Mason | 1,993 | $54,226 | $154,900 | Compare |
| Stowell | 1,984 | $0 | $124,500 | Compare |
| Kountze | 1,982 | $65,568 | $130,500 | Compare |
| Bertram | 1,998 | $63,750 | $195,100 | Compare |
| Manchaca | 2,002 | $160,536 | $541,800 | Compare |
| Grandview | 2,004 | $93,790 | $225,600 | Compare |
| Rhome | 2,006 | $90,969 | $239,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Deerwood With Other Cities
Frequently Asked Questions about Deerwood
What is the population of Deerwood, TX?
The population of Deerwood, TX is 1,989 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Texas.
What is the median household income in Deerwood?
The median household income in Deerwood, TX is $83,400 per year, which is 11% above the national median of $75,149.
What is the median home value in Deerwood?
The median home value in Deerwood, TX is $68,200, which is 72% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Deerwood?
The median monthly rent in Deerwood, TX is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Deerwood?
The unemployment rate in Deerwood, TX is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Deerwood, TX a good place to live?
Deerwood offers above-average incomes, affordable housing, and a strong job market. With a population of 1,989 and a median age of 34.3, the city appeals to young professionals and families.
How educated is Deerwood, TX?
13.5% of residents in Deerwood 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 Deerwood?
Key cost-of-living indicators for Deerwood, TX: median home value is $68,200 (72% below national), median rent is $0/month, and median household income is $83,400. The home-value-to-income ratio is 0.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Deerwood?
The poverty rate in Deerwood, TX is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Deerwood, TX?
Deerwood's population is 77.9% White, 7.9% Hispanic or Latino, 0.0% Black or African American, 10.2% Asian, and 3.3% two or more races. 18.2% of residents are foreign-born.