Wake Village, TX
Population 5,887 · Texas
About Wake Village, TX
Wake Village is a small town located in Texas with a population of 5,887 residents according to the latest US Census Bureau American Community Survey data. The median household income is $69,796 per year, which is 7% below the national median of $75,149. The median age of 35.8 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Wake Village features a median home value of $172,900, which is 29% below the national median of $244,900. This positions Wake Village in a moderately priced market relative to the rest of the country. Median monthly rent is $1,061, 9% below the national average of $1,163/month. Of the 2,513 total housing units, 54% are owner-occupied (1,243 units) and 46% are renter-occupied (1,042 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Wake Village shows an unemployment rate of 2.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 13.9%, above the national average of 12.4%. Workers in Wake Village have an average one-way commute time of 18.7 minutes, one of the shorter commutes in the region.
Education & Demographics
28.8% of Wake Village residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 8.0% White, 0.4% Hispanic or Latino, 0.8% Black or African American, and 0.2% Asian residents, with 4.7% of the population being foreign-born.
Cost of Living in Wake Village, TX
Compared to national averages, Wake Village has a median household income of $69,796 (7% below the national median of $75,149). Home values average $172,900, which is 29% below the national median. Monthly rent at $1,061 is 9% below the US average of $1,163. Within Texas, Wake Village's income is 4% below the state average of $72,726, and home values are 18% below the state median of $211,769.
Why Live in Wake Village, TX?
Wake Village offers affordable housing with a median home value of $172,900, below the US average of $244,900, and rent that’s lower than the national average at $1,061/month, and a strong job market with an unemployment rate of just 2.4%. Additionally, the city features short commute times averaging just 18.7 minutes.
Potential considerations include median household income ($69,796) that falls below the national average. However, Wake Village’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wake Village has a population of 5,887 with a median age of 35.8 years. Compare Wake Village with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Wake Village
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Littlefield | 5,886 | $56,312 | $75,400 | Compare |
| Krum | 5,896 | $111,316 | $286,300 | Compare |
| Wilmer | 5,876 | $58,837 | $111,200 | Compare |
| Hempstead | 5,899 | $58,288 | $145,700 | Compare |
| Venus | 5,874 | $97,039 | $253,500 | Compare |
| Lakehills | 5,872 | $85,409 | $242,000 | Compare |
| Shady Hollow | 5,821 | $168,477 | $644,300 | Compare |
| Windcrest | 5,815 | $95,329 | $276,900 | 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 Wake Village With Other Cities
Frequently Asked Questions about Wake Village
What is the population of Wake Village, TX?
The population of Wake Village, TX is 5,887 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 Wake Village?
The median household income in Wake Village, TX is $69,796 per year, which is 7% below the national median of $75,149.
What is the median home value in Wake Village?
The median home value in Wake Village, TX is $172,900, which is 29% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Wake Village?
The median monthly rent in Wake Village, TX is $1,061, which is 9% below the national average of $1,163/month.
What is the unemployment rate in Wake Village?
The unemployment rate in Wake Village, TX is 2.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Wake Village, TX a good place to live?
Wake Village offers a moderate cost of living, affordable housing, and a strong job market. With a population of 5,887 and a median age of 35.8, the city appeals to a broad range of residents.
How educated is Wake Village, TX?
28.8% of residents in Wake Village 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 Wake Village?
Key cost-of-living indicators for Wake Village, TX: median home value is $172,900 (29% below national), median rent is $1,061/month, and median household income is $69,796. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Wake Village?
The poverty rate in Wake Village, TX is 13.9%, 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 Wake Village, TX?
Wake Village's population is 8.0% White, 0.4% Hispanic or Latino, 0.8% Black or African American, 0.2% Asian, and 22.5% two or more races. 4.7% of residents are foreign-born.