Honey Grove, TX
Population 1,886 · Texas
About Honey Grove, TX
Honey Grove is a small town located in Texas with a population of 1,886 residents according to the latest US Census Bureau American Community Survey data. The median household income is $47,225 per year, which is 37% below the national median of $75,149. The median age of 40 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Honey Grove features a median home value of $112,100, which is 54% below the national median of $244,900. This makes Honey Grove one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $539, 54% below the national average of $1,163/month. Of the 899 total housing units, 62% are owner-occupied (478 units) and 38% are renter-occupied (293 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Honey Grove shows an unemployment rate of 3.9%, which is near the national rate of 3.7%. The poverty rate stands at 11.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Honey Grove have an average one-way commute time of 25.9 minutes.
Education & Demographics
15.7% of Honey Grove 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 13.1% White, 2.1% Hispanic or Latino, 0.2% Black or African American, and 0.0% Asian residents, with 3.9% of the population being foreign-born.
How Honey Grove Ranks in Texas
Cost of Living in Honey Grove, TX
Compared to national averages, Honey Grove has a median household income of $47,225 (37% below the national median of $75,149). Home values average $112,100, which is 54% below the national median. Monthly rent at $539 is 54% below the US average of $1,163. Within Texas, Honey Grove's income is 35% below the state average of $72,726, and home values are 47% below the state median of $211,769.
Why Live in Honey Grove, TX?
Honey Grove offers affordable housing with a median home value of $112,100, below the US average of $244,900, and rent that’s lower than the national average at $539/month, and a low poverty rate of 11.0%, better than the national average.
Potential considerations include median household income ($47,225) that falls below the national average. However, Honey Grove’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Honey Grove has a population of 1,886 with a median age of 40 years. Compare Honey Grove with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Honey Grove
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Laughlin AFB | 1,888 | $73,045 | $0 | Compare |
| Lake Bryan | 1,880 | $0 | $232,300 | Compare |
| Bear Creek Ranch | 1,897 | $88,445 | $270,800 | Compare |
| Kerens | 1,898 | $50,313 | $126,400 | Compare |
| Edgewood | 1,869 | $77,778 | $195,200 | Compare |
| Center Point | 1,868 | $71,848 | $252,300 | Compare |
| Seth Ward | 1,909 | $54,209 | $57,500 | Compare |
| Waskom | 1,862 | $54,135 | $91,300 | 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 Honey Grove With Other Cities
Frequently Asked Questions about Honey Grove
What is the population of Honey Grove, TX?
The population of Honey Grove, TX is 1,886 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 Honey Grove?
The median household income in Honey Grove, TX is $47,225 per year, which is 37% below the national median of $75,149.
What is the median home value in Honey Grove?
The median home value in Honey Grove, TX is $112,100, which is 54% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Honey Grove?
The median monthly rent in Honey Grove, TX is $539, which is 54% below the national average of $1,163/month.
What is the unemployment rate in Honey Grove?
The unemployment rate in Honey Grove, TX is 3.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Honey Grove, TX a good place to live?
Honey Grove offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,886 and a median age of 40, the city appeals to a broad range of residents.
How educated is Honey Grove, TX?
15.7% of residents in Honey Grove 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 Honey Grove?
Key cost-of-living indicators for Honey Grove, TX: median home value is $112,100 (54% below national), median rent is $539/month, and median household income is $47,225. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Honey Grove?
The poverty rate in Honey Grove, TX is 11.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Honey Grove, TX?
Honey Grove's population is 13.1% White, 2.1% Hispanic or Latino, 0.2% Black or African American, 0.0% Asian, and 20.0% two or more races. 3.9% of residents are foreign-born.