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Lorenzo, Texas

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
834
Population
$46,389
Median Income
$100,800
Home Value
37.2
Median Age

Demographics

Lorenzo has a population of 834 with a median age of 37.2. Here is the racial and ethnic breakdown of the population:

Hispanic
63.2%
White
50.0%
Black
8.4%
Demographic Value
Total Population834
Median Age37.2
White50.0%
Black or African American8.4%
Hispanic or Latino63.2%
Lorenzo, Texas — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 122.Hispanic/Latino: 52.0%White: 41.1%Black: 6.9%834PopulationHispanic/LatinoHispanic/Latino52.0%WhiteWhite41.1%BlackBlack6.9%

Income & Economy

The median household income in Lorenzo is $46,389, which is 42.5% below the national median of $80,610. The per capita income is $19,941. The poverty rate is 32.9%.

$46,389
Median Household Income
$19,941
Per Capita Income
32.9%
Poverty Rate

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Education

In Lorenzo, 74.5% of residents age 25+ have a high school diploma or higher, and 12.5% hold a bachelor's degree or higher (2.0% with a graduate or professional degree).

HS Diploma+
74.5%
Bachelor's+
12.5%
Graduate+
2.0%
Education Level % of Adults (25+)
High School Diploma or Higher74.5%
Bachelor's Degree or Higher12.5%
Graduate or Professional Degree2.0%

Housing

The median home value in Lorenzo is $100,800, below the national median of $303,400. The median monthly rent is $665. The homeownership rate is 78.8%.

$100,800
Median Home Value
$665/mo
Median Rent
78.8%
Homeownership Rate
Housing Metric Value
Median Home Value$100,800
Median Monthly Rent$665
Homeownership Rate78.8%
Vacancy Rate24.7%

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Frequently Asked Questions

What is the population of Lorenzo, Texas?
The population of Lorenzo, Texas is 834 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Lorenzo, Texas?
The median household income in Lorenzo, Texas is $46,389. This is 42.5% below the national median of $80,610.
What is the median home value in Lorenzo, Texas?
The median home value in Lorenzo, Texas is $100,800. The median monthly rent is $665.
What percentage of people in Lorenzo have a college degree?
In Lorenzo, Texas, 12.5% of adults age 25 and older hold a bachelor's degree or higher, and 74.5% have a high school diploma or higher.
Is Lorenzo, Texas an affordable place to live?
The home price-to-income ratio in Lorenzo, Texas is 2.2x (median home value $100,800 vs. median income $46,389), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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