Wake Village, TX
Population 5,887 · Texas
About Wake Village, TX
Wake Village is a small community in Texas with a population of 5,887 residents. The median household income is $69,796 per year, which is near the national average. The median age in Wake Village is 35.8 years.
Housing in Wake Village has a median home value of $172,900 and median monthly rent of $1,061. Of the 2,513 total housing units, the majority are owner-occupied, with 1,243 owner-occupied and 1,042 renter-occupied units.
The unemployment rate in Wake Village is 2.4% and the poverty rate is 13.9%. 28.8% of residents hold a bachelor's degree or higher. The average commute time is 18.7 minutes.
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.
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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 Census data.
What is the median household income in Wake Village?
The median household income in Wake Village, TX is $69,796 per year.
What is the median home value in Wake Village?
The median home value in Wake Village, TX is $172,900.
What is the average rent in Wake Village?
The median monthly rent in Wake Village, TX is $1,061.
What is the unemployment rate in Wake Village?
The unemployment rate in Wake Village, TX is 2.4%.