[3] According to the United States Census Bureau, the village has a total area of 2.3 square miles (6.0 km2), all land.

Polkville annexed nearly 14 square miles (36 km2) of land later, bringing its population to 833 people.

21.6% of all households were made up of individuals, and 9.8% had someone living alone who was 65 years of age or older.

There were 2.8% of families and 6.3% of the population living below the poverty line, including no under eighteens and 10.3% of those over 64.

The Town of Polkville is served by the Smith County School District.