What is the population of Wakefield town?

Wakefield town has 1,082 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #376 of 688 in Virginia.

What is the median household income in Wakefield town?

Median household income in Wakefield town is $56,250 a year, 28.4% below the national figure of $78,538.

How much does it cost to rent or buy in Wakefield town?

Median gross rent is $959 a month and the median home value is $155,600, so rent absorbs about 20.5% of median household income.

Is Wakefield town affordable compared with the rest of the US?

Homes cost about 2.8× the local median income here versus roughly 3.9× nationally, so Wakefield town is more affordable to buy in than the typical US market, and rent takes 20.5% of median income against the 30% cost-burden line.

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Virginia · Census place 82384

Wakefield town, VA population, income and ZIP codes

Quick answer

The population of the city of Wakefield town, Virginia (Wakefield town, VA — Census place “Wakefield town”) is 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. Looking for the Wakefield town Virginia ZIP code list? 1 ZIP codes serve Wakefield town, VA: 23888.

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

Wakefield town ZIP codes (Virginia)

Census ZCTAs whose delivery area overlaps Wakefield town.

The Wakefield town VA ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.

23888

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

Wakefield town, VA in context

How this area compares with national benchmarks.

Wakefield town is a small town in Virginia, with 1,082 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #376 of 688 ranked by population — larger than 45% of them. The median age here is 40.4 years against 39.1 nationally, a slightly older profile than the country as a whole. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Wakefield town earn a median of $56,250 a year, 28.4% below the national figure of $78,538 and 32% below the $82,986 median for the 383 Virginia cities we cover. The median is the midpoint household, not an average, so a handful of very high earners cannot drag it upward the way they distort a mean. Poverty reaches 7.7% of residents here, below the 12.4% national rate.

The typical owner-occupied home in Wakefield town is valued at $155,600, 48.7% below the national figure and 47% below the $291,300 peer median, while median gross rent runs $959 a month, 31.8% below the national figure, or roughly $11,508 across a full year. A household on the local median income would put about 20.5% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is within the standard affordability guideline. The home-price-to-income ratio works out to 2.8×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 72.5% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. Rent is reported gross — contract rent plus tenant-paid utilities — which is why it runs above the advertised price on a listing for the same unit.

No figure on this page is estimated by us; each one comes straight from the published ACS tables for this area. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Compare with nearby places

Places of similar size in Virginia.

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Frequently asked questions

Common questions about this area.

What is the population of Wakefield town?: Wakefield town has 1,082 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #376 of 688 in Virginia.
What is the median household income in Wakefield town?: Median household income in Wakefield town is $56,250 a year, 28.4% below the national figure of $78,538.
How much does it cost to rent or buy in Wakefield town?: Median gross rent is $959 a month and the median home value is $155,600, so rent absorbs about 20.5% of median household income.
Is Wakefield town affordable compared with the rest of the US?: Homes cost about 2.8× the local median income here versus roughly 3.9× nationally, so Wakefield town is more affordable to buy in than the typical US market, and rent takes 20.5% of median income against the 30% cost-burden line.
How current is this Wakefield town data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.