Lockney, TX
Population 1,602 · Texas
About Lockney, TX
Lockney is a small town located in Texas with a population of 1,602 residents according to the latest US Census Bureau American Community Survey data. The median household income is $58,333 per year, which is 22% below the national median of $75,149. The median age of 48.6 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 Lockney features a median home value of $88,400, which is 64% below the national median of $244,900. This makes Lockney one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $738, 37% below the national average of $1,163/month. Of the 725 total housing units, 85% are owner-occupied (535 units) and 15% are renter-occupied (95 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lockney shows an unemployment rate of 7.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 19.7%, above the national average of 12.4%. Workers in Lockney have an average one-way commute time of 15 minutes, one of the shorter commutes in the region.
Education & Demographics
13.8% of Lockney 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 51.2% White, 0.9% Hispanic or Latino, 0.0% Black or African American, and 9.1% Asian residents, with 11.7% of the population being foreign-born.
Cost of Living in Lockney, TX
Compared to national averages, Lockney has a median household income of $58,333 (22% below the national median of $75,149). Home values average $88,400, which is 64% below the national median. Monthly rent at $738 is 37% below the US average of $1,163. Within Texas, Lockney's income is 20% below the state average of $72,726, and home values are 58% below the state median of $211,769.
Why Live in Lockney, TX?
Lockney offers affordable housing with a median home value of $88,400, below the US average of $244,900, and rent that’s lower than the national average at $738/month, and short commute times averaging just 15 minutes.
Potential considerations include median household income ($58,333) that falls below the national average. However, Lockney’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lockney has a population of 1,602 with a median age of 48.6 years. Compare Lockney with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Lockney
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Palmer | 1,606 | $27,418 | $52,500 | Compare |
| Rosharon | 1,596 | $77,443 | $216,600 | Compare |
| Rosanky | 1,609 | $104,628 | $293,900 | Compare |
| Mustang Ridge | 1,610 | $91,765 | $238,600 | Compare |
| Whitewright | 1,610 | $54,063 | $207,500 | Compare |
| Rio Vista | 1,616 | $70,587 | $191,200 | Compare |
| Preston | 1,617 | $64,803 | $184,600 | Compare |
| Elkhart | 1,585 | $65,071 | $118,200 | 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 Lockney With Other Cities
Frequently Asked Questions about Lockney
What is the population of Lockney, TX?
The population of Lockney, TX is 1,602 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 Lockney?
The median household income in Lockney, TX is $58,333 per year, which is 22% below the national median of $75,149.
What is the median home value in Lockney?
The median home value in Lockney, TX is $88,400, which is 64% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lockney?
The median monthly rent in Lockney, TX is $738, which is 37% below the national average of $1,163/month.
What is the unemployment rate in Lockney?
The unemployment rate in Lockney, TX is 7.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lockney, TX a good place to live?
Lockney offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,602 and a median age of 48.6, the city appeals to established professionals and retirees.
How educated is Lockney, TX?
13.8% of residents in Lockney 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 Lockney?
Key cost-of-living indicators for Lockney, TX: median home value is $88,400 (64% below national), median rent is $738/month, and median household income is $58,333. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lockney?
The poverty rate in Lockney, TX is 19.7%, 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 Lockney, TX?
Lockney's population is 51.2% White, 0.9% Hispanic or Latino, 0.0% Black or African American, 9.1% Asian, and 0.4% two or more races. 11.7% of residents are foreign-born.