Living in Oakwood, Texas
Cost of living, income, home prices, rent and demographics of Oakwood · Census data 2020–2024
Oakwood has 570 residents with a median age of 56.3. The median household income is $37,396 (52% lower than the Texas median), the median home value is $111,500, the median rent is $680/month.
Oakwood is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Oakwood at a glance
- Population
- 570
- Median age
- 56.3State: 35.6
- Median household income
- $37,396State: $78,476
- Median home value
- $111,500State: $283,800
- Median rent
- $680/moState: $1,403
- Homeowners
- 68.6%
- Bachelor's degree or higher
- 9.8%
- Average commute
- 14 min
Is Oakwood a good place to live?
Pros: Home values 61% lower than the state median; an average commute of 14 minutes; unemployment of 2.6%.
Cons: Median household income 52% lower than the Texas median; a poverty rate of 29.6%.
The weather is best in March–April and October–November.
Cost of living in Oakwood
Housing is the biggest part of the cost of living. In Oakwood the median home value is $111,500, 66% lower than the U.S. median. Renters pay a median of $680 per month, which is 30.4% of household income. Homeowners with a mortgage pay — a month in housing costs.
Oakwood median household income
The median household income in Oakwood is $37,396 and the income per person is $22,431. 29.6% of residents live below the poverty line (Texas: 13.8%).
Housing in Oakwood: homes for sale and rent
- Housing units
- 263
- Owner-occupied
- 68.6%
- Renter-occupied
- 31.4%
- Vacant
- 8%Includes seasonal homes
- Median year built
- 1957
- Average household size
- 2.36
Oakwood demographics
- Population
- 570
- Median age
- 56.3
- Under 18
- 37%
- 65 and older
- 45.1%
- Households
- 242
- Foreign-born
- 0.2%
- Veterans
- 4.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Oakwood ›
Education in Oakwood
9.8% of adults 25 and older in Oakwood have a bachelor's degree or higher (Texas: 33.8%), and 3.5% have a graduate or professional degree.
Jobs and commute in Oakwood
- Unemployment rate
- 2.6%State: 5.3%
- Average commute
- 14 minState: 27 min
- Work from home
- 10.5%
- Drive alone
- 84.2%
- Public transit
- 0%
- Walk to work
- 2.6%
- Homes with broadband
- 70.2%
Oakwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Oakwood | 570 | $37,396 | $111,500 | $680 |
| Buffalo | 1,652 | $45,202 | $73,500 | $733 |
| Elkhart | 1,701 | $52,891 | $107,300 | $756 |
| Palestine | 19,136 | $44,981 | $166,000 | $1,062 |
| Fairfield | 2,924 | $47,250 | $169,500 | $994 |
| Grapeland | 1,595 | $39,643 | $121,100 | $872 |
| Jewett | 1,075 | $43,833 | $137,500 | $768 |
| Centerville | 1,053 | $52,697 | $200,500 | $987 |
| Teague | 3,476 | $61,433 | $119,900 | $637 |
More for people moving to Oakwood
Oakwood ZIP code ›Weather and climate ›Living in Oakwood: FAQ
What is the median household income in Oakwood, TX?
The median household income in Oakwood is $37,396, 52% lower 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 Oakwood?
The median home value in Oakwood is $111,500, compared with $283,800 in Texas.
How much is rent in Oakwood?
The median gross rent in Oakwood is $680 per month, about 30.4% of household income.
Is Oakwood, TX a good place to live?
Pluses: home values 61% lower than the state median; an average commute of 14 minutes; unemployment of 2.6%. Minuses: median household income 52% lower than the Texas median; a poverty rate of 29.6%.
What is the median age in Oakwood?
The median age in Oakwood is 56.3 years (Texas: 35.6).
How long is the commute in Oakwood?
The average commute to work in Oakwood is 14 minutes; 10.5% of workers work from home.
What is the unemployment rate in Oakwood?
The unemployment rate in Oakwood is 2.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Oakwood?
9.8% of adults in Oakwood 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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