Virginia · Census place 82384
Wakefield town, VA
Quick answer
Wakefield town has 1,082 residents, ranking #376 of 688 places in Virginia. Median household income is $56,250, the median home is worth $155,600 and median gross rent runs $959 a month.
- Population
- 1,082Wakefield town residents
- Median household income
- $56,250Past 12 months, inflation adjusted
- Median home value
- $155,600Owner-occupied units
- Median gross rent
- $959Rent plus utilities, monthly
- Median age
- 40.4 yrsAll residents
- Homeownership rate
- 72.5%Owner-occupied households
What the numbers mean in Wakefield town
Housing cost measured against local earnings.
A household earning the Wakefield town median would spend about 20.5% 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 2.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 7.7% of residents and 72.5% 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.
- Rushmere CDP 1,087
- Arrington CDP 1,084
- Ridgeway town 1,082
- Plum Creek CDP 1,067
- Craigsville town 1,052
- St. Paul town 1,046
- Elliston CDP 1,041
Keep going
More Virginia coverage.