Living in Wake Village, Texas
Cost of living, income, home prices, rent and demographics of Wake Village · Census data 2020–2024
Wake Village has 5,867 residents with a median age of 38.3. The median household income is $71,574 (9% lower than the Texas median), the median home value is $186,000, the median rent is $989/month.
Wake Village at a glance
- Population
- 5,867
- Median age
- 38.3State: 35.6
- Median household income
- $71,574State: $78,476
- Median home value
- $186,000State: $283,800
- Median rent
- $989/moState: $1,403
- Homeowners
- 52.2%
- Bachelor's degree or higher
- 25.2%
- Average commute
- 20 min
Is Wake Village a good place to live?
Pros: Home values 34% lower than the state median; an average commute of 20 minutes; unemployment of 2%.
Cons: Median household income 9% lower than the Texas median; a poverty rate of 14.3%.
The weather is best in April–May and September–October.
Cost of living in Wake Village
Housing is the biggest part of the cost of living. In Wake Village the median home value is $186,000, 44% lower than the U.S. median. Renters pay a median of $989 per month, which is 24.8% of household income. Homeowners with a mortgage pay $1,686 a month in housing costs.
Wake Village median household income
The median household income in Wake Village is $71,574 and the income per person is $32,431. 14.3% of residents live below the poverty line (Texas: 13.8%).
Housing in Wake Village: homes for sale and rent
- Housing units
- 2,491
- Owner-occupied
- 52.2%
- Renter-occupied
- 47.8%
- Vacant
- 8.6%Includes seasonal homes
- Median year built
- 1984
- Average household size
- 2.58
Wake Village demographics
- Population
- 5,867
- Median age
- 38.3
- Under 18
- 29.1%
- 65 and older
- 13.9%
- Households
- 2,277
- Foreign-born
- 5.5%
- Veterans
- 7.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Wake Village ›
Education in Wake Village
25.2% of adults 25 and older in Wake Village have a bachelor's degree or higher (Texas: 33.8%), and 9.8% have a graduate or professional degree.
Jobs and commute in Wake Village
- Unemployment rate
- 2%State: 5.3%
- Average commute
- 20 minState: 27 min
- Work from home
- 3.4%
- Drive alone
- 81.5%
- Public transit
- 0%
- Walk to work
- 1%
- Homes with broadband
- 89.9%
Wake Village vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Wake Village | 5,867 | $71,574 | $186,000 | $989 |
| Nash | 4,032 | $50,592 | $156,200 | $919 |
| Texarkana | 35,992 | $50,573 | $171,500 | $1,010 |
| Red Lick | 1,333 | $136,250 | $320,800 | $1,714 |
| Leary | 540 | $58,750 | $153,800 | $904 |
| Texarkana | 29,177 | $45,835 | $170,200 | $909 |
| Redwater | 747 | $49,167 | $110,600 | $883 |
| Hooks | 2,299 | $43,555 | $69,800 | $1,011 |
| Maud | 988 | $60,441 | $96,800 | $786 |
More for people moving to Wake Village
Wake Village ZIP code ›Weather and climate ›Living in Wake Village: FAQ
What is the median household income in Wake Village, TX?
The median household income in Wake Village is $71,574, 9% 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 Wake Village?
The median home value in Wake Village is $186,000, compared with $283,800 in Texas.
How much is rent in Wake Village?
The median gross rent in Wake Village is $989 per month, about 24.8% of household income.
Is Wake Village, TX a good place to live?
Pluses: home values 34% lower than the state median; an average commute of 20 minutes; unemployment of 2%. Minuses: median household income 9% lower than the Texas median; a poverty rate of 14.3%.
What is the median age in Wake Village?
The median age in Wake Village is 38.3 years (Texas: 35.6).
How long is the commute in Wake Village?
The average commute to work in Wake Village is 20 minutes; 3.4% of workers work from home.
What is the unemployment rate in Wake Village?
The unemployment rate in Wake Village is 2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Wake Village?
25.2% of adults in Wake Village 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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