Redwood, TX
Population 3,586 · Texas
About Redwood, TX
Redwood is a small community in Texas with a population of 3,586 residents. The median household income is $82,411 per year, which is above the national average. The median age in Redwood is 36.2 years.
Housing in Redwood has a median home value of $154,900 and median monthly rent of $1,042. Of the 1,067 total housing units, the majority are owner-occupied, with 777 owner-occupied and 246 renter-occupied units.
The unemployment rate in Redwood is 5.5% and the poverty rate is 2.1%. 9.2% of residents hold a bachelor's degree or higher. The average commute time is 25.2 minutes.
Cost of Living in Redwood, TX
Compared to national averages, Redwood has a median household income of $82,411 (10% above the national median of $75,149). Home values average $154,900, which is 37% below the national median. Monthly rent at $1,042 is 10% below the US average of $1,163. Within Texas, Redwood's income is 13% above the state average of $72,726, and home values are 27% below the state median of $211,769.
Why Live in Redwood, TX?
Redwood offers a strong local economy with a median household income of $82,411, well above the national average, and affordable housing with a median home value of $154,900, below the US average of $244,900, and rent that’s lower than the national average at $1,042/month. Additionally, the city features a low poverty rate of 2.1%, better than the national average.
Redwood has a population of 3,586 with a median age of 36.2 years. Compare Redwood with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Redwood
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Sweeny | 3,592 | $64,557 | $180,700 | Compare |
| Shenandoah | 3,597 | $67,422 | $396,000 | Compare |
| Ballinger | 3,599 | $61,250 | $109,000 | Compare |
| Shavano Park | 3,602 | $158,969 | $838,800 | Compare |
| Laguna Vista | 3,605 | $63,191 | $267,500 | Compare |
| Eastland | 3,631 | $51,334 | $175,800 | Compare |
| West Columbia | 3,631 | $41,985 | $138,200 | Compare |
| Groesbeck | 3,634 | $54,615 | $144,100 | 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.
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Frequently Asked Questions about Redwood
What is the population of Redwood, TX?
The population of Redwood, TX is 3,586 according to the latest Census data.
What is the median household income in Redwood?
The median household income in Redwood, TX is $82,411 per year.
What is the median home value in Redwood?
The median home value in Redwood, TX is $154,900.
What is the average rent in Redwood?
The median monthly rent in Redwood, TX is $1,042.
What is the unemployment rate in Redwood?
The unemployment rate in Redwood, TX is 5.5%.