Lipan (/ˈlaɪpæn/ LY-pan) is a city in northwestern Hood County, Texas, United States. The population was 505 at the 2020 census. It is part of the Granbury, Texas Micropolitan Statistical Area.

According to the United States Census Bureau, the city has a total area of 1.1 square miles (2.8 km), all of it land.

The climate in this area is characterized by relatively high temperatures and evenly distributed precipitation throughout the year.

Historical population

Census	Pop.	Note	%±
1960	309		—
1970	333		7.8%
1980	435		30.6%
1990	354		−18.6%
2000	425		20.1%
2010	430		1.2%
2020	505		17.4%
U.S. Decennial Census 2020 Census

As of the census of 2000, there were 425 people, 175 households, and 114 families residing in the city. The population density was 400.9 inhabitants per square mile (154.8/km). There were 204 housing units at an average density of 192.4 per square mile (74.3/km). The racial makeup of the city was 98.12% White, 0.94% Native American, 0.47% from other races, and 0.47% from two or more races. Hispanic or Latino of any race were 7.29% of the population.

There were 175 households, out of which 30.3% had children under the age of 18 living with them, 53.1% were married couples living together, 11.4% had a female householder with no husband present, and 34.3% were non-families. 29.7% of all households were made up of individuals, and 18.9% had someone living alone who was 65 years of age or older. The average household size was 2.43 and the average family size was 3.03.

In the city, the population was spread out, with 26.1% under the age of 18, 8.2% from 18 to 24, 26.4% from 25 to 44, 20.9% from 45 to 64, and 18.4% who were 65 years of age or older. The median age was 37 years. For every 100 females, there were 87.2 males. For every 100 females age 18 and over, there were 85.8 males.

The median income for a household in the city was $32,333, and the median income for a family was $50,938. Males had a median income of $29,091 versus $17,333 for females. The per capita income for the city was $15,863. About 0.9% of families and 6.1% of the population were below the poverty line, including none of those under age 18 and 12.3% of those age 65 or over.

The City of Lipan is served by the Lipan Independent School District.