Redwood, TX
Population 3,586 · Texas
About Redwood, TX
Redwood is a small town located in Texas with a population of 3,586 residents according to the latest US Census Bureau American Community Survey data. The median household income is $82,411 per year, which is 10% above the national median of $75,149. The median age of 36.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Redwood features a median home value of $154,900, which is 37% below the national median of $244,900. This positions Redwood in a moderately priced market relative to the rest of the country. Median monthly rent is $1,042, 10% below the national average of $1,163/month. Of the 1,067 total housing units, 76% are owner-occupied (777 units) and 24% are renter-occupied (246 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Redwood shows an unemployment rate of 5.5%, which is near the national rate of 3.7%. The poverty rate stands at 2.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Redwood have an average one-way commute time of 25.2 minutes.
Education & Demographics
9.2% of Redwood 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 80.4% White, 1.3% Hispanic or Latino, 0.0% Black or African American, and 5.8% Asian residents, with 9.6% of the population being foreign-born.
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.
Compare Redwood With Other Cities
Frequently Asked Questions about Redwood
What is the population of Redwood, TX?
The population of Redwood, TX is 3,586 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 Redwood?
The median household income in Redwood, TX is $82,411 per year, which is 10% above the national median of $75,149.
What is the median home value in Redwood?
The median home value in Redwood, TX is $154,900, which is 37% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Redwood?
The median monthly rent in Redwood, TX is $1,042, which is 10% below the national average of $1,163/month.
What is the unemployment rate in Redwood?
The unemployment rate in Redwood, TX is 5.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Redwood, TX a good place to live?
Redwood offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 3,586 and a median age of 36.2, the city appeals to a broad range of residents.
How educated is Redwood, TX?
9.2% of residents in Redwood 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 Redwood?
Key cost-of-living indicators for Redwood, TX: median home value is $154,900 (37% below national), median rent is $1,042/month, and median household income is $82,411. The home-value-to-income ratio is 1.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Redwood?
The poverty rate in Redwood, TX is 2.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Redwood, TX?
Redwood's population is 80.4% White, 1.3% Hispanic or Latino, 0.0% Black or African American, 5.8% Asian, and 1.8% two or more races. 9.6% of residents are foreign-born.