Oakwood town, Texas Demographics & Population 2026

Population Overview

Oakwood town is a small community located in Texas. The total population is 510. It ranks as the 1260th most populous out of 1,800 cities and towns in Texas.

Age Demographics

The median age in Oakwood town is 51.5 years. This is 45% higher than the state median of 35.5 years. With 30.6% of the population under 18, Oakwood town has a notably young demographic profile, suggesting a family-oriented community.

Economy, Income & Housing

The median household income in Oakwood town is $65,714. This is 14% lower than the state median of $76,292. Compared to the national median of $78,538, household income here is 16% lower. The poverty rate stands at 23.1%. This is 68% higher than the state poverty rate of 13.8%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 1.7%. This is 66% lower than the state rate of 5.1%. The median home value is $102,000. Housing costs are 61% lower than the state median of $260,400. With a home-value-to-income ratio of just 1.6x, Oakwood town is one of the most affordable housing markets in the area. 80.9% of occupied housing units are owner-occupied. This homeownership rate is 29% higher than the state average of 62.6%.

Race & Ethnicity

The largest racial or ethnic group in Oakwood town is White (non-Hispanic), making up 63.3% of the population. Black or African American residents account for 29.6%. The White (non-Hispanic) population is significantly higher than the state average (63.3% vs 39.9%). The Black or African American population is significantly higher than the state average (29.6% vs 11.9%). The Hispanic or Latino population (1.4%) is well below the state average of 39.5%.

Education

5.0% of residents aged 25 and older hold a bachelor's degree or higher. This is 85% lower than the state rate of 33.1%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 91.5%.

Data Sources & Methodology

All demographic data for Oakwood town, Texas is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Texas state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,800 Census-designated places in Texas. For official data, visit data.census.gov.