Lorenzo, TX
Population 843 · Texas
About Lorenzo, TX
Lorenzo is a small community located in Texas with a population of 843 residents according to the latest US Census Bureau American Community Survey data. The median household income is $42,885 per year, which is 43% below the national median of $75,149. The median age of 37.9 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lorenzo features a median home value of $89,100, which is 64% below the national median of $244,900. This makes Lorenzo one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $625, 46% below the national average of $1,163/month. Of the 404 total housing units, 80% are owner-occupied (245 units) and 20% are renter-occupied (63 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lorenzo shows an unemployment rate of 5.1%, which is near the national rate of 3.7%. The poverty rate stands at 28.9%, above the national average of 12.4%. Workers in Lorenzo have an average one-way commute time of 22.3 minutes.
Education & Demographics
6.6% of Lorenzo 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 53.9% White, 1.7% Hispanic or Latino, 0.0% Black or African American, and 12.6% Asian residents, with 7.7% of the population being foreign-born.
Cost of Living in Lorenzo, TX
Compared to national averages, Lorenzo has a median household income of $42,885 (43% below the national median of $75,149). Home values average $89,100, which is 64% below the national median. Monthly rent at $625 is 46% below the US average of $1,163. Within Texas, Lorenzo's income is 41% below the state average of $72,726, and home values are 58% below the state median of $211,769.
Why Live in Lorenzo, TX?
Lorenzo offers affordable housing with a median home value of $89,100, below the US average of $244,900, and rent that’s lower than the national average at $625/month, and short commute times averaging just 22.3 minutes.
Potential considerations include median household income ($42,885) that falls below the national average. However, Lorenzo’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lorenzo has a population of 843 with a median age of 37.9 years. Compare Lorenzo with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Lorenzo
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Sherwood Shores | 839 | $31,000 | $0 | Compare |
| Cross Timber | 848 | $83,889 | $335,400 | Compare |
| Jewett | 848 | $53,056 | $117,800 | Compare |
| Cut and Shoot | 850 | $70,227 | $169,600 | Compare |
| Bryson | 851 | $72,781 | $114,600 | Compare |
| Meadow | 834 | $60,000 | $64,000 | Compare |
| Falls City | 853 | $77,697 | $213,500 | Compare |
| Holiday Lakes | 853 | $45,962 | $93,600 | 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 Lorenzo With Other Cities
Frequently Asked Questions about Lorenzo
What is the population of Lorenzo, TX?
The population of Lorenzo, TX is 843 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 Lorenzo?
The median household income in Lorenzo, TX is $42,885 per year, which is 43% below the national median of $75,149.
What is the median home value in Lorenzo?
The median home value in Lorenzo, TX is $89,100, which is 64% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lorenzo?
The median monthly rent in Lorenzo, TX is $625, which is 46% below the national average of $1,163/month.
What is the unemployment rate in Lorenzo?
The unemployment rate in Lorenzo, TX is 5.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lorenzo, TX a good place to live?
Lorenzo offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 843 and a median age of 37.9, the city appeals to a broad range of residents.
How educated is Lorenzo, TX?
6.6% of residents in Lorenzo 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 Lorenzo?
Key cost-of-living indicators for Lorenzo, TX: median home value is $89,100 (64% below national), median rent is $625/month, and median household income is $42,885. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lorenzo?
The poverty rate in Lorenzo, TX is 28.9%, 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 Lorenzo, TX?
Lorenzo's population is 53.9% White, 1.7% Hispanic or Latino, 0.0% Black or African American, 12.6% Asian, and 5.7% two or more races. 7.7% of residents are foreign-born.