The name "Loachapoka" means "turtle killing place" in Muskogee. In literature, Lochapoka was the destination of the colonists in James H. Street's 1940 novel Oh, Promised Land.
As of the census of 2000, there were 165 people, 69 households, and 46 families residing in the town. The population density was 140.2 people per square mile (54.0/km²). There were 77 housing units at an average density of 65.4/sq mi (25.2/km²). The racial makeup of the town was 61.21% Black or African American, 38.18% White and 0.61% Asian. 0.61% of the population were Hispanic or Latino of any race.
There were 69 households out of which 20.3% had children under the age of 18 living with them, 37.7% were married couples living together, 18.8% had a female householder with no husband present, and 31.9% were non-families. 24.6% of all households were made up of individuals and 10.1% had someone living alone who was 65 years of age or older. The average household size was 2.39 and the average family size was 2.81.
In the town the population was spread out with 18.8% under the age of 18, 14.5% from 18 to 24, 31.5% from 25 to 44, 21.8% from 45 to 64, and 13.3% who were 65 years of age or older. The median age was 37 years. For every 100 females there were 91.9 males. For every 100 females age 18 and over, there were 97.1 males.
The median income for a household in the town was $30,938, and the median income for a family was $33,571. Males had a median income of $28,750 versus $28,500 for females. The per capita income for the town was $14,477. About 9.5% of families and 16.3% of the population were below the poverty line, including 18.5% of those under the age of eighteen and 20.0% of those sixty five or over.