Oakwood, TX
Population 510 · Texas
About Oakwood, TX
Oakwood is a small community in Texas with a population of 510 residents. The median household income is $65,714 per year, which is near the national average. The median age in Oakwood is 51.5 years.
Housing in Oakwood has a median home value of $102,000 and median monthly rent of $945. Of the 263 total housing units, the majority are owner-occupied, with 186 owner-occupied and 44 renter-occupied units.
The unemployment rate in Oakwood is 1.7% and the poverty rate is 23.1%. 5.0% of residents hold a bachelor's degree or higher. The average commute time is 29.4 minutes.
Cost of Living in Oakwood, TX
Compared to national averages, Oakwood has a median household income of $65,714 (13% below the national median of $75,149). Home values average $102,000, which is 58% below the national median. Monthly rent at $945 is 19% below the US average of $1,163. Within Texas, Oakwood's income is 10% below the state average of $72,726, and home values are 52% below the state median of $211,769.
Why Live in Oakwood, TX?
Oakwood offers affordable housing with a median home value of $102,000, below the US average of $244,900, and rent that’s lower than the national average at $945/month, and a strong job market with an unemployment rate of just 1.7%.
Potential considerations include median household income ($65,714) that falls below the national average. However, Oakwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Oakwood has a population of 510 with a median age of 51.5 years. Compare Oakwood with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Oakwood
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Buffalo Gap | 508 | $63,750 | $178,100 | Compare |
| Ropesville | 513 | $65,938 | $73,900 | Compare |
| Hartley | 514 | $54,050 | $186,700 | Compare |
| Balmorhea | 505 | $29,375 | $56,700 | Compare |
| Murchison | 516 | $56,750 | $134,400 | Compare |
| Bear Creek | 503 | $125,250 | $728,400 | Compare |
| Placedo | 503 | $28,000 | $46,200 | Compare |
| Pueblo Nuevo | 503 | $38,800 | $146,400 | 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.
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Frequently Asked Questions about Oakwood
What is the population of Oakwood, TX?
The population of Oakwood, TX is 510 according to the latest Census data.
What is the median household income in Oakwood?
The median household income in Oakwood, TX is $65,714 per year.
What is the median home value in Oakwood?
The median home value in Oakwood, TX is $102,000.
What is the average rent in Oakwood?
The median monthly rent in Oakwood, TX is $945.
What is the unemployment rate in Oakwood?
The unemployment rate in Oakwood, TX is 1.7%.