Woodway, TX
Population 9,483 · Texas
About Woodway, TX
Woodway is a small town located in Texas with a population of 9,483 residents according to the latest US Census Bureau American Community Survey data. The median household income is $115,729 per year, which is 54% above the national median of $75,149. The median age of 44.1 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Woodway features a median home value of $336,100, which is 37% above the national median of $244,900. This positions Woodway in a moderately priced market relative to the rest of the country. Median monthly rent is $1,748, 50% above the national average of $1,163/month. Of the 3,785 total housing units, 91% are owner-occupied (3,231 units) and 9% are renter-occupied (306 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Woodway shows an unemployment rate of 3.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Woodway have an average one-way commute time of 17.3 minutes, one of the shorter commutes in the region.
Education & Demographics
63.0% of Woodway 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 7.8% White, 1.4% Hispanic or Latino, 0.5% Black or African American, and 1.4% Asian residents, with 4.3% of the population being foreign-born.
Cost of Living in Woodway, TX
Compared to national averages, Woodway has a median household income of $115,729 (54% above the national median of $75,149). Home values average $336,100, which is 37% above the national median. Monthly rent at $1,748 is 50% above the US average of $1,163. Within Texas, Woodway's income is 59% above the state average of $72,726, and home values are 59% above the state median of $211,769.
Why Live in Woodway, TX?
Woodway offers a strong local economy with a median household income of $115,729, well above the national average, and a strong job market with an unemployment rate of just 3.2%, and a well-educated community where 63.0% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 4.1%, better than the national average, and short commute times averaging just 17.3 minutes.
Woodway has a population of 9,483 with a median age of 44.1 years. Compare Woodway with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Woodway
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Eidson Road | 9,481 | $39,388 | $94,400 | Compare |
| Jacinto City | 9,458 | $57,703 | $121,100 | Compare |
| Bridge City | 9,549 | $103,256 | $195,600 | Compare |
| Helotes | 9,372 | $129,884 | $382,400 | Compare |
| Lago Vista | 9,341 | $110,388 | $380,200 | Compare |
| Sanger | 9,302 | $88,987 | $284,500 | Compare |
| Vidor | 9,738 | $62,020 | $111,600 | Compare |
| Commerce | 9,211 | $43,051 | $124,800 | 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 Woodway With Other Cities
Frequently Asked Questions about Woodway
What is the population of Woodway, TX?
The population of Woodway, TX is 9,483 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 Woodway?
The median household income in Woodway, TX is $115,729 per year, which is 54% above the national median of $75,149.
What is the median home value in Woodway?
The median home value in Woodway, TX is $336,100, which is 37% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Woodway?
The median monthly rent in Woodway, TX is $1,748, which is 50% above the national average of $1,163/month.
What is the unemployment rate in Woodway?
The unemployment rate in Woodway, TX is 3.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Woodway, TX a good place to live?
Woodway offers above-average incomes, a competitive housing market, and a strong job market. With a population of 9,483 and a median age of 44.1, the city appeals to a broad range of residents.
How educated is Woodway, TX?
63.0% of residents in Woodway 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 Woodway?
Key cost-of-living indicators for Woodway, TX: median home value is $336,100 (37% above national), median rent is $1,748/month, and median household income is $115,729. The home-value-to-income ratio is 2.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Woodway?
The poverty rate in Woodway, TX is 4.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Woodway, TX?
Woodway's population is 7.8% White, 1.4% Hispanic or Latino, 0.5% Black or African American, 1.4% Asian, and 1.7% two or more races. 4.3% of residents are foreign-born.