Lorena, TX
Population 1,506 · Texas
About Lorena, TX
Lorena is a small town located in Texas with a population of 1,506 residents according to the latest US Census Bureau American Community Survey data. The median household income is $87,337 per year, which is 16% above the national median of $75,149. The median age of 36.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lorena features a median home value of $263,600, which is 8% above the national median of $244,900. This positions Lorena in a moderately priced market relative to the rest of the country. Median monthly rent is $1,352, 16% above the national average of $1,163/month. Of the 599 total housing units, 77% are owner-occupied (434 units) and 23% are renter-occupied (129 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lorena shows an unemployment rate of 1.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lorena have an average one-way commute time of 20.3 minutes.
Education & Demographics
35.4% of Lorena 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 13.9% White, 1.7% Hispanic or Latino, 0.7% Black or African American, and 1.3% Asian residents, with 0.8% of the population being foreign-born.
Cost of Living in Lorena, TX
Compared to national averages, Lorena has a median household income of $87,337 (16% above the national median of $75,149). Home values average $263,600, which is 8% above the national median. Monthly rent at $1,352 is 16% above the US average of $1,163. Within Texas, Lorena's income is 20% above the state average of $72,726, and home values are 24% above the state median of $211,769.
Why Live in Lorena, TX?
Lorena offers a strong local economy with a median household income of $87,337, well above the national average, and a strong job market with an unemployment rate of just 1.1%, and a well-educated community where 35.4% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 3.4%, better than the national average, and short commute times averaging just 20.3 minutes.
Lorena has a population of 1,506 with a median age of 36.1 years. Compare Lorena with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Lorena
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Laguna Park | 1,506 | $63,214 | $187,500 | Compare |
| Morton | 1,510 | $40,517 | $45,500 | Compare |
| Serenada | 1,513 | $97,083 | $448,700 | Compare |
| Franklin | 1,498 | $54,688 | $171,000 | Compare |
| Quinlan | 1,514 | $41,450 | $183,000 | Compare |
| LaCoste | 1,497 | $73,289 | $74,600 | Compare |
| Lakeside town (Tarrant County), Texas | 1,495 | $108,214 | $320,200 | Compare |
| Coahoma | 1,519 | $120,938 | $260,100 | 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 Lorena With Other Cities
Frequently Asked Questions about Lorena
What is the population of Lorena, TX?
The population of Lorena, TX is 1,506 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 Lorena?
The median household income in Lorena, TX is $87,337 per year, which is 16% above the national median of $75,149.
What is the median home value in Lorena?
The median home value in Lorena, TX is $263,600, which is 8% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lorena?
The median monthly rent in Lorena, TX is $1,352, which is 16% above the national average of $1,163/month.
What is the unemployment rate in Lorena?
The unemployment rate in Lorena, TX is 1.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lorena, TX a good place to live?
Lorena offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,506 and a median age of 36.1, the city appeals to a broad range of residents.
How educated is Lorena, TX?
35.4% of residents in Lorena 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 Lorena?
Key cost-of-living indicators for Lorena, TX: median home value is $263,600 (8% above national), median rent is $1,352/month, and median household income is $87,337. The home-value-to-income ratio is 3.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lorena?
The poverty rate in Lorena, TX is 3.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lorena, TX?
Lorena's population is 13.9% White, 1.7% Hispanic or Latino, 0.7% Black or African American, 1.3% Asian, and 1.7% two or more races. 0.8% of residents are foreign-born.