Population 73 · Census ACS 2020–24
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Population and households in Oak Terrace
Household size in Oak Terrace
| Period | Oak Terrace | Lakeland area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.15 | 2.64 | 2.63 | 2.68 |
| 2010–14 | 2.66 | 2.79 | 2.73 | 2.73 |
| 2015–19 | 3.41 | 2.93 | 2.75 | 2.71 |
| 2020–24 | 2.38 | 2.80 | 2.63 | 2.65 |
| Change | +0.23 | +0.16 | +0.00 | −0.03 |
Oak Terrace is a place of small households, averaging 2.38 people against 2.65 for the U.S., which points to many singles, couples and roommates and relatively few children. Household size has climbed from 2.15 in 2006–10, but in a place this small, much of that may be survey noise rather than real change.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Oak Terrace
| Period | Oak Terrace | Lakeland area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 47.5 | 40.6 | 40.8 | 37.7 |
| 2010–14 | 51.2 | 41.4 | 42.0 | 38.6 |
| 2015–19 | 45.5 | 41.7 | 43.0 | 39.6 |
| 2020–24 | 36.3 | 40.5 | 43.5 | 40.1 |
| Change | −11.2 | −0.1 | +2.7 | +2.3 |
Oak Terrace is younger than the country as a whole: its median age is 36.3, against 40.1 nationally.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Oak Terrace
| Period | Oak Terrace | Lakeland area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 11.8% | 12.7% | 12.4% | 12.3% |
| 2010–14 | 8.5% | 13.2% | 12.2% | 12.3% |
| 2015–19 | 9.2% | 12.7% | 11.5% | 11.6% |
| 2020–24 | 21.1% | 13.1% | 11.4% | 11.6% |
| Change | +9.3 pts | +0.5 pts | −1.0 pts | −0.6 pts |
Single-parent households are common in Oak Terrace: 21.1% of all households, against 11.6% nationally.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Oak Terrace
Renters in Oak Terrace
| Period | Oak Terrace | Lakeland area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 20.5% | 27.9% | 30.3% | 33.3% |
| 2010–14 | 20.3% | 30.4% | 33.9% | 35.6% |
| 2015–19 | 24.4% | 31.1% | 34.6% | 36.0% |
| 2020–24 | 31.9% | 29.5% | 32.4% | 34.8% |
| Change | +11.5 pts | +1.6 pts | +2.1 pts | +1.5 pts |
Nearly a third of households in Oak Terrace rent their homes (31.9%), close to the national share of 34.8%. About eight in ten owners (80.5%) have paid off their mortgages, well above the national share of 39.8%.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Oak Terrace
| Period | Oak Terrace | Lakeland area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 23.0% | 19.0% | 17.2% | 11.4% |
| 2010–14 | 30.9% | 20.9% | 17.6% | 11.4% |
| 2015–19 | 17.6% | 19.3% | 15.4% | 11.1% |
| 2020–24 | 20.6% | 14.4% | 12.5% | 9.6% |
| Change | −2.4 pts | −4.6 pts | −4.8 pts | −1.8 pts |
Vacancy is high in Oak Terrace: 20.6% of homes are empty, far above the national rate of 9.6%. In resort and lake areas that usually means seasonal and vacation homes; elsewhere it can point to weak demand.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Oak Terrace
| Period | Oak Terrace | Lakeland area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 1974 | 1985 | 1984 | 1974 |
| 2010–14 | 1962 | 1986 | 1985 | 1975 |
| 2015–19 | 1962 | 1987 | 1986 | 1977 |
| 2020–24 | 1974 | 1992 | 1989 | 1980 |
| Change | ±0 | +7 | +5 | +6 |
Homes in Oak Terrace run a bit older than the national norm, with a median build year of 1974 against 1980.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Oak Terrace
| Period | Oak Terrace | Lakeland area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | $391 | $916 | $1,092 | $965 |
| 2010–14 | $436 | $958 | $1,123 | $1,040 |
| 2015–19 | $688 | $1,094 | $1,323 | $1,213 |
| 2020–24 | $946 | $1,499 | $1,816 | $1,571 |
| Change | +$555 | +$583 | +$724 | +$606 |
A typical rental in Oak Terrace costs $946 a month with utilities, well below the national median of $1,571. Rent takes 51.0% of the typical renter's income, well over the 30% mark often used to define affordable rent, so many renters here are stretched.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Oak Terrace
Bachelor's degrees in Oak Terrace
| Period | Oak Terrace | Lakeland area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 12.2% | 18.2% | 26.4% | 28.4% |
| 2010–14 | 7.0% | 18.8% | 27.0% | 29.6% |
| 2015–19 | 1.7% | 20.2% | 30.0% | 32.1% |
| 2020–24 | 1.7% | 23.4% | 34.6% | 35.6% |
| Change | −10.4 pts | +5.2 pts | +8.2 pts | +7.2 pts |
College degrees are relatively uncommon in Oak Terrace: 1.7% of adults 25 and older hold a bachelor's or higher, well below the national share of 35.6%.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Oak Terrace
| Period | Oak Terrace | Lakeland area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 66.0% | 82.1% | 85.5% | 84.9% |
| 2010–14 | 60.0% | 83.3% | 86.5% | 86.1% |
| 2015–19 | 76.4% | 85.0% | 88.2% | 87.7% |
| 2020–24 | 84.0% | 87.7% | 90.0% | 89.3% |
| Change | +18.0 pts | +5.7 pts | +4.4 pts | +4.3 pts |
Nearly one in six adults in Oak Terrace never finished high school, well above the national share: only 84.0% have a diploma or equivalent, against 89.3% nationally.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Oak Terrace
| Period | Oak Terrace | Lakeland area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 3.5% | 9.4% | 8.9% | 8.1% |
| 2010–14 | 18.2% | 11.9% | 11.0% | 9.4% |
| 2015–19 | 10.4% | 5.9% | 5.7% | 5.6% |
| 2020–24 | 0.0% | 4.9% | 4.8% | 5.4% |
| Change | −3.5 pts | −4.5 pts | −4.1 pts | −2.7 pts |
The survey found almost no one in Oak Terrace out of work and looking, against 5.4% of the labor force nationally. Each figure pools five years of surveys (2020–24), so it describes that whole stretch rather than today's job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Oak Terrace compared with nearby cities
| City | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Oak Terrace | 2.38 | 36.3 | 21.1% | 31.9% | 20.6% | 1974 | $946 | 1.7% | 84.0% | 0.0% |
| Bradley | 2.38 | 36.3 | 21.1% | 31.9% | 20.6% | 1974 | $946 | 1.7% | 84.0% | 0.0% |
| Welcome | 3.43 | 33.5 | 7.0% | 23.4% | 12.5% | 1990 | $1,078 | 30.7% | 85.5% | 1.8% |
| Pierce | 2.39 | 36.7 | 20.5% | 31.5% | 20.2% | 1975 | $958 | 2.0% | 83.6% | 0.0% |
| Nichols | 2.60 | 45.7 | 9.7% | 19.8% | 12.8% | 1988 | $1,193 | 6.9% | 75.6% | 0.9% |
| Lithia | 3.15 | 40.7 | 13.7% | 14.2% | 11.9% | 1988 | $1,660 | 23.2% | 83.1% | 3.1% |
| South Mulberry | 2.60 | 45.7 | 9.7% | 19.8% | 12.8% | 1988 | $1,193 | 6.9% | 75.6% | 0.9% |
| Fort Lonesome | 2.89 | 38.5 | 7.7% | 15.4% | 6.0% | 1994 | $1,376 | 19.9% | 86.0% | 3.0% |
| Fort Green | 3.23 | 33.1 | 28.8% | 10.8% | 17.6% | 1970 | $1,043 | 19.9% | 95.0% | 0.0% |
| Homeland | 2.59 | 46.2 | 8.6% | 33.4% | 3.7% | 1970 | $984 | 6.9% | 80.8% | 3.2% |
| Fish Hawk | 3.26 | 36.7 | 10.7% | 19.4% | 4.6% | 2010 | $2,524 | 56.7% | 97.1% | 3.9% |
All figures 2020–24.
Cities with similar populations: Vaughn, VA · Choctaw, AR · Cisco, NC · Clay, LA · Cloverland, WA · Cloverton, MN · Cloyds Landing, KY · Corral, ID · Trowbridge, OH · Truxton, AZ
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Oak Terrace. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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