Living in Oak Point, Texas
Cost of living, income, home prices, rent and demographics of Oak Point · Census data 2020–2024
Oak Point has 5,887 residents with a median age of 34.5. The median household income is $126,290 (61% higher than the Texas median), the median home value is $395,900, the median rent is $2,227/month.
Oak Point at a glance
- Population
- 5,887
- Median age
- 34.5State: 35.6
- Median household income
- $126,290State: $78,476
- Median home value
- $395,900State: $283,800
- Median rent
- $2,227/moState: $1,403
- Homeowners
- 89.5%
- Bachelor's degree or higher
- 51.8%
- Average commute
- 33 min
Is Oak Point a good place to live?
Pros: Median household income 61% higher than the Texas median; unemployment of 1.7%; a poverty rate of 1.5%.
Cons: Home values 39% higher than the state median; an average commute of 33 minutes.
The weather is best in March to May and October.
Cost of living in Oak Point
Housing is the biggest part of the cost of living. In Oak Point the median home value is $395,900, 19% higher than the U.S. median. Renters pay a median of $2,227 per month, which is 22.9% of household income. Homeowners with a mortgage pay $2,604 a month in housing costs.
Oak Point median household income
The median household income in Oak Point is $126,290 and the income per person is $50,943. 1.5% of residents live below the poverty line (Texas: 13.8%).
Housing in Oak Point: homes for sale and rent
- Housing units
- 2,275
- Owner-occupied
- 89.5%
- Renter-occupied
- 10.5%
- Vacant
- 5.4%Includes seasonal homes
- Median year built
- 2008
- Average household size
- 2.74
Oak Point demographics
- Population
- 5,887
- Median age
- 34.5
- Under 18
- 28.3%
- 65 and older
- 13%
- Households
- 2,152
- Foreign-born
- 7.5%
- Veterans
- 4.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Oak Point ›
Education in Oak Point
51.8% of adults 25 and older in Oak Point have a bachelor's degree or higher (Texas: 33.8%), and 15.9% have a graduate or professional degree.
Jobs and commute in Oak Point
- Unemployment rate
- 1.7%State: 5.3%
- Average commute
- 33 minState: 27 min
- Work from home
- 40.5%
- Drive alone
- 53.5%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 98.5%
Oak Point vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Oak Point | 5,887 | $126,290 | $395,900 | $2,227 |
| Lakewood Village | 627 | $152,000 | $522,200 | — |
| Shady Shores | 2,922 | $159,375 | $492,300 | $1,399 |
| Cross Roads | 2,035 | $124,145 | $632,300 | $1,750 |
| Lake Dallas | 7,822 | $76,879 | $269,000 | $1,519 |
| Paloma Creek South | 8,860 | $121,747 | $364,900 | $2,664 |
| Little Elm | 54,820 | $119,219 | $420,700 | $1,953 |
| Hackberry | 2,979 | $109,769 | $416,600 | $2,208 |
| Paloma Creek | 3,016 | $91,534 | $346,800 | $2,576 |
More for people moving to Oak Point
Oak Point ZIP code ›Weather and climate ›Living in Oak Point: FAQ
What is the median household income in Oak Point, TX?
The median household income in Oak Point is $126,290, 61% higher than the Texas median of $78,476 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Oak Point?
The median home value in Oak Point is $395,900, compared with $283,800 in Texas.
How much is rent in Oak Point?
The median gross rent in Oak Point is $2,227 per month, about 22.9% of household income.
Is Oak Point, TX a good place to live?
Pluses: median household income 61% higher than the Texas median; unemployment of 1.7%; a poverty rate of 1.5%. Minuses: home values 39% higher than the state median; an average commute of 33 minutes.
What is the median age in Oak Point?
The median age in Oak Point is 34.5 years (Texas: 35.6).
How long is the commute in Oak Point?
The average commute to work in Oak Point is 33 minutes; 40.5% of workers work from home.
What is the unemployment rate in Oak Point?
The unemployment rate in Oak Point is 1.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Oak Point?
51.8% of adults in Oak Point have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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