Lockett, TX
Population 268 · Texas
About Lockett, TX
Lockett is a small community located in Texas with a population of 268 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 27 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 Lockett features a median home value of $65,400, which is 73% below the national median of $244,900. This makes Lockett 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 54 total housing units, 54% are owner-occupied (29 units) and 46% are renter-occupied (25 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Lockett shows an unemployment rate of 6.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 28.4%, above the national average of 12.4%. Workers in Lockett have an average one-way commute time of 29.2 minutes.
Education & Demographics
7.2% of Lockett 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 26.1% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 9.0% Asian residents, with 4.5% of the population being foreign-born.
Cost of Living in Lockett, TX
Compared to national averages, Lockett has a median household income of $0 (100% below the national median of $75,149). Home values average $65,400, which is 73% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Texas, Lockett's income is 100% below the state average of $72,726, and home values are 69% below the state median of $211,769.
Why Live in Lockett, TX?
Lockett offers affordable housing with a median home value of $65,400, below the US average of $244,900, and rent that’s lower than the national average at $0/month.
Potential considerations include median household income ($0) that falls below the national average. However, Lockett’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lockett has a population of 268 with a median age of 27 years. Compare Lockett with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Lockett
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Hedley | 268 | $50,000 | $38,900 | Compare |
| Enchanted Oaks | 267 | $106,250 | $354,500 | Compare |
| Hilltop CDP (Starr County), Texas | 269 | $0 | $0 | Compare |
| Myra | 267 | $74,643 | $97,800 | Compare |
| Industry | 270 | $77,708 | $292,300 | Compare |
| La Victoria | 266 | $111,250 | $182,000 | Compare |
| Rancho Banquete | 266 | $0 | $0 | Compare |
| Marathon | 271 | $45,100 | $143,500 | 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 Lockett With Other Cities
Frequently Asked Questions about Lockett
What is the population of Lockett, TX?
The population of Lockett, TX is 268 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 Lockett?
The median household income in Lockett, TX is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in Lockett?
The median home value in Lockett, TX is $65,400, which is 73% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lockett?
The median monthly rent in Lockett, TX is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Lockett?
The unemployment rate in Lockett, TX is 6.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lockett, TX a good place to live?
Lockett offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 268 and a median age of 27, the city appeals to young professionals and families.
How educated is Lockett, TX?
7.2% of residents in Lockett 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 Lockett?
Key cost-of-living indicators for Lockett, TX: median home value is $65,400 (73% below national), median rent is $0/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 Lockett?
The poverty rate in Lockett, TX is 28.4%, 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 Lockett, TX?
Lockett's population is 26.1% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 9.0% Asian, and 0.0% two or more races. 4.5% of residents are foreign-born.