Lipan is a city in northwestern Hood County, Texas, United States. The population was 505 at the 2020 census. It is part of the Granbury, Te…Lipan 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. Lipan is located at 32°31′7″N 98°2′43″W / 32.51861°N 98.04528°W.