Olmos Park, TX
Population 2,228 · Texas
About Olmos Park, TX
Olmos Park is a small town located in Texas with a population of 2,228 residents according to the latest US Census Bureau American Community Survey data. The median household income is $172,434 per year, which is 129% above the national median of $75,149. The median age of 40.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Olmos Park features a median home value of $887,000, which is 262% above the national median of $244,900. This places Olmos Park in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,202, 3% above the national average of $1,163/month. Of the 1,030 total housing units, 84% are owner-occupied (737 units) and 16% are renter-occupied (142 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Olmos Park shows an unemployment rate of 10.5%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 4.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Olmos Park have an average one-way commute time of 17.1 minutes, one of the shorter commutes in the region.
Education & Demographics
76.0% of Olmos Park residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 8.8% White, 0.6% Hispanic or Latino, 0.0% Black or African American, and 2.1% Asian residents, with 2.7% of the population being foreign-born.
How Olmos Park Ranks in Texas
Cost of Living in Olmos Park, TX
Compared to national averages, Olmos Park has a median household income of $172,434 (129% above the national median of $75,149). Home values average $887,000, which is 262% above the national median. Monthly rent at $1,202 is 3% above the US average of $1,163. Within Texas, Olmos Park's income is 137% above the state average of $72,726, and home values are 319% above the state median of $211,769.
Why Live in Olmos Park, TX?
Olmos Park offers a strong local economy with a median household income of $172,434, well above the national average, and a well-educated community where 76.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.8%, better than the national average. Additionally, the city features short commute times averaging just 17.1 minutes.
Potential considerations include a competitive housing market where the typical home costs $887,000. However, Olmos Park’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Olmos Park has a population of 2,228 with a median age of 40.5 years. Compare Olmos Park with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Olmos Park
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Malakoff | 2,227 | $53,378 | $84,000 | Compare |
| Memphis | 2,231 | $46,567 | $74,700 | Compare |
| Newton | 2,225 | $51,563 | $95,800 | Compare |
| Godley | 2,223 | $93,182 | $323,500 | Compare |
| Heidelberg | 2,221 | $31,466 | $59,200 | Compare |
| Corrigan | 2,218 | $43,352 | $107,400 | Compare |
| Pinehurst | 2,213 | $45,859 | $142,900 | Compare |
| Winters | 2,202 | $46,063 | $55,800 | 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 Olmos Park With Other Cities
Frequently Asked Questions about Olmos Park
What is the population of Olmos Park, TX?
The population of Olmos Park, TX is 2,228 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 Olmos Park?
The median household income in Olmos Park, TX is $172,434 per year, which is 129% above the national median of $75,149.
What is the median home value in Olmos Park?
The median home value in Olmos Park, TX is $887,000, which is 262% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Olmos Park?
The median monthly rent in Olmos Park, TX is $1,202, which is 3% above the national average of $1,163/month.
What is the unemployment rate in Olmos Park?
The unemployment rate in Olmos Park, TX is 10.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Olmos Park, TX a good place to live?
Olmos Park offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 2,228 and a median age of 40.5, the city appeals to a broad range of residents.
How educated is Olmos Park, TX?
76.0% of residents in Olmos Park 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 Olmos Park?
Key cost-of-living indicators for Olmos Park, TX: median home value is $887,000 (262% above national), median rent is $1,202/month, and median household income is $172,434. The home-value-to-income ratio is 5.1x, a moderate figure by national standards.
What is the poverty rate in Olmos Park?
The poverty rate in Olmos Park, TX is 4.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Olmos Park, TX?
Olmos Park's population is 8.8% White, 0.6% Hispanic or Latino, 0.0% Black or African American, 2.1% Asian, and 0.6% two or more races. 2.7% of residents are foreign-born.