Population 6,500 · Census ACS 2020–24
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Median age by neighborhoodHistory and comparison ↓︎
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Population and households in Oakwood
Household size in Oakwood
| Period | Oakwood | Waco | Texas | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.63 | 2.64 | 2.87 | 2.68 |
| 2010–14 | 2.72 | 2.65 | 2.93 | 2.73 |
| 2015–19 | 2.60 | 2.70 | 2.95 | 2.71 |
| 2020–24 | 2.72 | 2.62 | 2.83 | 2.65 |
| Change | +0.09 | −0.02 | −0.05 | −0.03 |
At 2.72 people per household, Oakwood sits close to the national average of 2.65. The typical household here is bigger than in Waco overall, where it has 2.62 people. Since 2006–10, household size has crept up from 2.63, even as the national average fell.
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 Oakwood
| Period | Oakwood | Waco | Texas | U.S. |
|---|---|---|---|---|
| 2006–10 | 27.8 | 32.4 | 34.7 | 37.7 |
| 2010–14 | 21.8 | 31.9 | 35.4 | 38.6 |
| 2015–19 | 21.8 | 32.0 | 36.1 | 39.6 |
| 2020–24 | 21.9 | 32.9 | 36.7 | 40.1 |
| Change | −5.9 | +0.5 | +2.0 | +2.3 |
With a median age of just 21.9, Oakwood is far younger than the country as a whole (40.1), a population that tilts toward young adults in their twenties. The median age has dropped from 27.8 in 2006–10, even as the national median rose. Oakwood has the youngest population of any Waco neighborhood.
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 Oakwood
| Period | Oakwood | Waco | Texas | U.S. |
|---|---|---|---|---|
| 2006–10 | 13.3% | 17.3% | 13.7% | 12.3% |
| 2010–14 | 16.2% | 17.1% | 13.7% | 12.3% |
| 2015–19 | 18.0% | 16.5% | 13.1% | 11.6% |
| 2020–24 | 12.9% | 14.9% | 12.9% | 11.6% |
| Change | −0.3 pts | −2.4 pts | −0.8 pts | −0.6 pts |
Single-parent households are a bit more common in Oakwood than nationally: 12.9%, against 11.6%. Even so, single parents are less common here than in Waco overall (14.9%).
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 Oakwood
Renters in Oakwood
| Period | Oakwood | Waco | Texas | U.S. |
|---|---|---|---|---|
| 2006–10 | 74.6% | 51.8% | 35.2% | 33.3% |
| 2010–14 | 83.0% | 53.5% | 37.3% | 35.6% |
| 2015–19 | 87.2% | 53.4% | 38.0% | 36.0% |
| 2020–24 | 87.9% | 51.2% | 37.4% | 34.8% |
| Change | +13.3 pts | −0.6 pts | +2.3 pts | +1.5 pts |
Renters far outnumber owners in Oakwood: 87.9% of households rent their homes, against 34.8% nationally. Just over six in ten owners (61.9%) have paid off their mortgages, well above the national share of 39.8%. The renter share is up 13.3 points from 2006–10, a much bigger shift than nationally. Few Waco neighborhoods have a higher share of renters: only two of 13.
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 Oakwood
| Period | Oakwood | Waco | Texas | U.S. |
|---|---|---|---|---|
| 2006–10 | 11.3% | 13.5% | 11.8% | 11.4% |
| 2010–14 | 14.7% | 12.8% | 10.9% | 11.4% |
| 2015–19 | 14.8% | 12.6% | 10.9% | 11.1% |
| 2020–24 | 18.2% | 13.3% | 9.4% | 9.6% |
| Change | +6.8 pts | −0.2 pts | −2.4 pts | −1.8 pts |
Vacancy is high in Oakwood: 18.2% 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. Vacancy is up 6.8 points from 2006–10, even as the national rate fell.
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 Oakwood
| Period | Oakwood | Waco | Texas | U.S. |
|---|---|---|---|---|
| 2006–10 | 1987 | 1969 | 1983 | 1974 |
| 2010–14 | 1986 | 1970 | 1985 | 1975 |
| 2015–19 | 1991 | 1972 | 1987 | 1977 |
| 2020–24 | 2003 | 1977 | 1992 | 1980 |
| Change | +15 | +9 | +8 | +6 |
Much of the housing in Oakwood is relatively new: half of its homes were built after 2003, compared with 1980 for the U.S. as a whole. The median year built has moved up from 1987 in 2006–10, a sign of steady new building. The newest homes are mostly in the southwest, the oldest in the north. Only one other Waco neighborhood has newer homes.
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 Oakwood
| Period | Oakwood | Waco | Texas | U.S. |
|---|---|---|---|---|
| 2006–10 | $700 | $743 | $921 | $965 |
| 2010–14 | $796 | $781 | $1,005 | $1,040 |
| 2015–19 | $898 | $895 | $1,178 | $1,213 |
| 2020–24 | $1,272 | $1,224 | $1,560 | $1,571 |
| Change | +$572 | +$481 | +$639 | +$606 |
The median renter in Oakwood pays $1,272 a month for rent and utilities, below the national median of $1,571. Rent has climbed $572 a month since 2006–10, up 82%, faster than rents rose nationally. The typical renter here spends 47.9% of household income on rent, well over the 30% mark often used to define affordable rent, so many renters here are stretched. Renters on a budget will find the lowest rents in the southwest; the highest are in the northeast.
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 Oakwood
Bachelor's degrees in Oakwood
| Period | Oakwood | Waco | Texas | U.S. |
|---|---|---|---|---|
| 2006–10 | 30.3% | 20.7% | 27.0% | 28.4% |
| 2010–14 | 27.5% | 21.9% | 27.9% | 29.6% |
| 2015–19 | 38.8% | 22.3% | 30.0% | 32.1% |
| 2020–24 | 47.8% | 26.2% | 34.0% | 35.6% |
| Change | +17.5 pts | +5.5 pts | +7.1 pts | +7.2 pts |
Oakwood is highly educated: nearly half of adults 25 and older (47.8%) hold at least a bachelor's degree, far above the national share of 35.6%. The share with a degree is up 17.5 points from 2006–10, as it has nationally. Only one other Waco neighborhood has a higher share of college graduates.
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 Oakwood
| Period | Oakwood | Waco | Texas | U.S. |
|---|---|---|---|---|
| 2006–10 | 61.8% | 74.2% | 80.7% | 84.9% |
| 2010–14 | 74.1% | 78.1% | 82.0% | 86.1% |
| 2015–19 | 84.6% | 81.0% | 83.6% | 87.7% |
| 2020–24 | 91.7% | 85.0% | 85.8% | 89.3% |
| Change | +29.9 pts | +10.8 pts | +5.1 pts | +4.3 pts |
High school completion in Oakwood is a bit above the national rate: 91.7% of adults have a diploma or equivalent, against 89.3%. Since 2006–10, the share with a diploma has risen 29.9 points, a much bigger shift than 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 Oakwood
| Period | Oakwood | Waco | Texas | U.S. |
|---|---|---|---|---|
| 2006–10 | 9.3% | 9.4% | 7.0% | 8.1% |
| 2010–14 | 7.8% | 8.6% | 7.7% | 9.4% |
| 2015–19 | 11.1% | 5.3% | 5.1% | 5.6% |
| 2020–24 | 8.4% | 4.7% | 5.3% | 5.4% |
| Change | −1.0 pts | −4.7 pts | −1.7 pts | −2.7 pts |
Unemployment in Oakwood runs well above the national rate: 8.4% of the labor force was out of work and looking, against 5.4%. Only one other Waco neighborhood has higher unemployment. 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).
Oakwood compared with nearby neighborhoods
| Neighborhood | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Oakwood | 2.72 | 21.9 | 12.9% | 87.9% | 18.2% | 2003 | $1,272 | 47.8% | 91.7% | 8.4% |
| Baylor | 2.71 | 22.1 | 13.4% | 94.9% | 14.5% | 1991 | $1,264 | 67.0% | 96.6% | 2.2% |
| University | 3.18 | 36.5 | 17.3% | 22.9% | 8.7% | 1961 | $1,002 | 4.8% | 65.0% | 1.3% |
| Alta Vista-Waco | 2.66 | 25.2 | 22.6% | 58.5% | 10.9% | 1990 | $1,214 | 20.8% | 84.0% | 1.9% |
| Kendrick | 2.57 | 30.3 | 14.3% | 47.2% | 13.3% | 1978 | $1,299 | 17.5% | 80.4% | 4.8% |
| Brookview | 2.75 | 33.6 | 7.2% | 38.0% | 16.9% | 1954 | $1,558 | 19.9% | 78.2% | 5.7% |
| Carver | 2.52 | 31.4 | 37.5% | 73.5% | 11.0% | 1980 | $1,052 | 10.8% | 74.4% | 6.0% |
| North Waco | 2.97 | 28.6 | 19.5% | 33.5% | 14.6% | 1962 | $1,075 | 10.7% | 70.7% | 2.7% |
| Richland Hills | 1.75 | 32.8 | 11.1% | 97.4% | 14.9% | 1980 | $955 | 23.6% | 91.6% | 4.9% |
| Landon Branch | 2.12 | 46.1 | 9.8% | 42.1% | 12.4% | 1975 | $1,526 | 42.1% | 95.4% | 5.0% |
| Cedar Ridge | 2.14 | 42.1 | 4.1% | 69.2% | 12.6% | 1969 | $922 | 22.7% | 87.0% | 9.0% |
All figures 2020–24.
Neighborhoods with similar populations: Audubon, Louisville, KY · Barclay Downs, Charlotte, NC · Barton Chapel, Augusta, GA · Brookline Village, Brookline, MA · Delawanna, Clifton, NJ · Rose Hill, Columbus, GA · North Kensington, Kensington, MD · North Shoal Creek, Austin, TX · North Square, Waterbury, CT · Northbrook, Cincinnati, OH
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 Oakwood. 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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