Oakwood is a town in Leon and Freestone counties in the U.S. state of Texas.

USGS topographic maps show the northern town boundary following the Leon/Freestone County line, but maps by the U.S. Census show the town extending slightly north into Freestone County.

According to the United States Census Bureau, the town has a total area of 1.13 square miles (2.93 km2), all land.

[3] As of the 2020 United States census, there were 389 people, 236 households, and 193 families residing in the town.

The climate in this area is characterized by hot, humid summers and generally mild to cool winters.