Virginia · Census place 23376
Drakes Branch town, VA
Quick answer
Drakes Branch town has 475 residents, ranking #481 of 688 places in Virginia. Median household income is $19,620, the median home is worth $119,100 and median gross rent runs $498 a month.
- Population
- 475Drakes Branch town residents
- Median household income
- $19,620Past 12 months, inflation adjusted
- Median home value
- $119,100Owner-occupied units
- Median gross rent
- $498Rent plus utilities, monthly
- Median age
- 50.5 yrsAll residents
- Homeownership rate
- 58.7%Owner-occupied households
What the numbers mean in Drakes Branch town
Housing cost measured against local earnings.
A household earning the Drakes Branch town median would spend about 30.5% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 6.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 28.8% of residents and 58.7% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Virginia.
- Boykins town 484
- Horntown CDP 479
- Fairfield CDP 477
- Stanardsville town 473
- Sandy Level CDP 466
- Wintergreen CDP 464
- Urbanna town 460
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