Oakwood is located in east Texas. Oakwood is between the Leon, Freestone county. Oakwood has 1.13 square miles of land area and has no water area. As of 2010-2014, the total Oakwood population is 485, which has grown 2.97% since 2000. The population growth rate is much lower than the state average rate of 25.13% and is much lower than the national average rate of 11.61%. Oakwood median household income is $47,569 in 2010-2014 and has grown by 85.64% since 2000. The income growth rate is much higher than the state average rate of 31.68% and is much higher than the national average rate of 27.36%. Oakwood median house value is $71,800 in 2010-2014 and has grown by 64.30% since 2000. The house value growth rate is higher than the state average rate of 59.27% and is higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Oakwood is close to the state average in quality. The Oakwood area code is 903.