Lakewood Village, TX
Population 784 · Texas
About Lakewood Village, TX
Lakewood Village is a small community located in Texas with a population of 784 residents according to the latest US Census Bureau American Community Survey data. The median household income is $154,219 per year, which is 105% above the national median of $75,149. The median age of 49.4 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 Lakewood Village features a median home value of $494,200, which is 102% above the national median of $244,900. This places Lakewood Village in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 299 total housing units, 98% are owner-occupied (281 units) and 2% are renter-occupied (6 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lakewood Village shows an unemployment rate of 2.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lakewood Village have an average one-way commute time of 33.4 minutes.
Education & Demographics
37.5% of Lakewood Village 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 14.3% White, 1.3% Hispanic or Latino, 0.0% Black or African American, and 2.7% Asian residents, with 6.1% of the population being foreign-born.
Cost of Living in Lakewood Village, TX
Compared to national averages, Lakewood Village has a median household income of $154,219 (105% above the national median of $75,149). Home values average $494,200, which is 102% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Texas, Lakewood Village's income is 112% above the state average of $72,726, and home values are 133% above the state median of $211,769.
Why Live in Lakewood Village, TX?
Lakewood Village offers a strong local economy with a median household income of $154,219, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 2.0%. Additionally, the city features a well-educated community where 37.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.1%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $494,200. However, Lakewood Village’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lakewood Village has a population of 784 with a median age of 49.4 years. Compare Lakewood Village with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Lakewood Village
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bardwell | 786 | $56,797 | $108,300 | Compare |
| Lometa | 787 | $53,333 | $118,300 | Compare |
| Petersburg | 787 | $38,636 | $71,400 | Compare |
| Road Runner | 781 | $42,500 | $151,400 | Compare |
| Sand Springs | 781 | $46,230 | $102,500 | Compare |
| Crowell | 788 | $38,750 | $72,000 | Compare |
| Blooming Grove | 779 | $67,143 | $104,500 | Compare |
| Beckville | 776 | $49,000 | $110,200 | 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 Lakewood Village With Other Cities
Frequently Asked Questions about Lakewood Village
What is the population of Lakewood Village, TX?
The population of Lakewood Village, TX is 784 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 Lakewood Village?
The median household income in Lakewood Village, TX is $154,219 per year, which is 105% above the national median of $75,149.
What is the median home value in Lakewood Village?
The median home value in Lakewood Village, TX is $494,200, which is 102% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lakewood Village?
The median monthly rent in Lakewood Village, TX is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Lakewood Village?
The unemployment rate in Lakewood Village, TX is 2.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lakewood Village, TX a good place to live?
Lakewood Village offers above-average incomes, a competitive housing market, and a strong job market. With a population of 784 and a median age of 49.4, the city appeals to established professionals and retirees.
How educated is Lakewood Village, TX?
37.5% of residents in Lakewood Village aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Lakewood Village?
Key cost-of-living indicators for Lakewood Village, TX: median home value is $494,200 (102% above national), median rent is $0/month, and median household income is $154,219. The home-value-to-income ratio is 3.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lakewood Village?
The poverty rate in Lakewood Village, TX is 4.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lakewood Village, TX?
Lakewood Village's population is 14.3% White, 1.3% Hispanic or Latino, 0.0% Black or African American, 2.7% Asian, and 0.8% two or more races. 6.1% of residents are foreign-born.