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Oakwood Independent

Learn about the people, housing, costs and businesses in Oakwood Independent, Texas

Median Home$152,220
Median Rent$871/month
Population1,072
Leading IndustriesWholesale Trade · Manufacturing · Construction17% wholesale trade
Home Value Growth+3.8% over 2 years
Retirees35% of residentstop 1% nationally
Homeowners77% of occupied units
NotableVeteran Community13% of residents · top 2% nationally
NotableAffordable Market$152k median home · lower cost than 83% of the country
Oakwood Independent
TX

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Oakwood Independent?

As of today, the 30-year fixed mortgage rate for Oakwood Independent is approximately 6.946% (6.984% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Oakwood Independent?

The median home value in Oakwood Independent is $152k. The median monthly rent is $871. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Oakwood Independent?

Home values in Oakwood Independent have increased 3.8% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Oakwood Independent?

Based on a typical all-in ownership cost of $700/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Oakwood Independent is $48k/year.

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What industries drive the economy in Oakwood Independent?

The largest employment sectors in Oakwood Independent are public administration (20%) and wholesale trade (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.