Follett, TX
Population 346 · Texas
About Follett, TX
Follett is a small community located in Texas with a population of 346 residents according to the latest US Census Bureau American Community Survey data. The median household income is $87,083 per year, which is 16% above the national median of $75,149. The median age of 46.4 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 Follett features a median home value of $108,300, which is 56% below the national median of $244,900. This makes Follett 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 216 total housing units, 87% are owner-occupied (116 units) and 13% are renter-occupied (17 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Follett shows an unemployment rate of 0.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Follett have an average one-way commute time of 20 minutes.
Education & Demographics
24.6% of Follett residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 9.2% White, 2.9% Hispanic or Latino, 0.0% Black or African American, and 3.8% Asian residents, with 8.4% of the population being foreign-born.
How Follett Ranks in Texas
Cost of Living in Follett, TX
Compared to national averages, Follett has a median household income of $87,083 (16% above the national median of $75,149). Home values average $108,300, which is 56% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Texas, Follett's income is 20% above the state average of $72,726, and home values are 49% below the state median of $211,769.
Why Live in Follett, TX?
Follett offers a strong local economy with a median household income of $87,083, well above the national average, and affordable housing with a median home value of $108,300, 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 0.6%, and a low poverty rate of 7.9%, better than the national average, and short commute times averaging just 20 minutes.
Follett has a population of 346 with a median age of 46.4 years. Compare Follett with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Follett
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lake Bridgeport | 347 | $71,538 | $195,800 | Compare |
| Lawn | 347 | $49,375 | $57,500 | Compare |
| Stonewall | 347 | $0 | $0 | Compare |
| Holiday Beach | 349 | $0 | $239,800 | Compare |
| J.F. Villareal | 349 | $0 | $0 | Compare |
| Wadsworth | 343 | $0 | $206,000 | Compare |
| Narciso Pena | 350 | $0 | $0 | Compare |
| Del Sol | 351 | $0 | $0 | 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.
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Frequently Asked Questions about Follett
What is the population of Follett, TX?
The population of Follett, TX is 346 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Texas.
What is the median household income in Follett?
The median household income in Follett, TX is $87,083 per year, which is 16% above the national median of $75,149.
What is the median home value in Follett?
The median home value in Follett, TX is $108,300, which is 56% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Follett?
The median monthly rent in Follett, TX is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Follett?
The unemployment rate in Follett, TX is 0.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Follett, TX a good place to live?
Follett offers above-average incomes, affordable housing, and a strong job market. With a population of 346 and a median age of 46.4, the city appeals to established professionals and retirees.
How educated is Follett, TX?
24.6% of residents in Follett 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 Follett?
Key cost-of-living indicators for Follett, TX: median home value is $108,300 (56% below national), median rent is $0/month, and median household income is $87,083. The home-value-to-income ratio is 1.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Follett?
The poverty rate in Follett, TX is 7.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Follett, TX?
Follett's population is 9.2% White, 2.9% Hispanic or Latino, 0.0% Black or African American, 3.8% Asian, and 0.0% two or more races. 8.4% of residents are foreign-born.