Smith Oaks is just off of U.S. Highway 82 four miles east of Sherman in central Grayson County. It is named for R. E. L. Smith, who operated a cotton gin in the area. The population in 1936 was ten, and Smith Oaks had two businesses. From 1936 through the mid-1960s the population increased to fifty, and a cotton gin was still in operation in the 1950s. By 1967, however, the community reported no rated businesses or other institutions. In 1990 Smith Oaks was only a community of widely scattered houses and reported a population of fifty. No population figures were available by 2010.
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