The population of Loop was estimated at 225 person in 2011.
Loop, having no border or city limit, is loosely defined as the homes along two road, Gaines County Road 303 and Texas Highway 83. Local industry is predominately related to cotton and peanut farming.
The community consists of several places of worship including the First Baptist Church and The Church of Christ. The local cemetery, maintained by Gaines County, is located between The Church of Christ and the Community Building.
The Community Building was erected to facilitate community events. The building is the site of most social events occurring in Loop and is routinely used as a place of gathering for funerals, family reunions, school events, and other community uses.
The Loop Independent School District serves area students. The campus includes all grades from Kindergarten to Senior level. All students are contained on the single campus with a circular building for the primary school and with high school and middle school students sharing a long rectangular hallway.
The school participates in the Texas University Interscholastic League. The school's mascot is the Loop Longhorn. The school participates in sports including Six-man football, basketball, tennis, and track. The school has also maintained a marching band and concert band program.
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