Castlewood, VA
Population 1,120 · Virginia
About Castlewood, VA
Castlewood is a small community in Virginia with a population of 1,120 residents. The median household income is $58,958 per year, which is near the national average. The median age in Castlewood is 57.7 years.
Housing in Castlewood has a median home value of $163,300 and median monthly rent of $740. Of the 765 total housing units, the majority are owner-occupied, with 413 owner-occupied and 129 renter-occupied units.
The unemployment rate in Castlewood is 1.2% and the poverty rate is 11.7%. 15.5% of residents hold a bachelor's degree or higher. The average commute time is 27.3 minutes.
How Castlewood Ranks in Virginia
Cost of Living in Castlewood, VA
Compared to national averages, Castlewood has a median household income of $58,958 (22% below the national median of $75,149). Home values average $163,300, which is 33% below the national median. Monthly rent at $740 is 36% below the US average of $1,163. Within Virginia, Castlewood's income is 33% below the state average of $87,957, and home values are 50% below the state median of $327,514.
Why Live in Castlewood, VA?
Castlewood offers affordable housing with a median home value of $163,300, below the US average of $244,900, and rent that’s lower than the national average at $740/month, and a strong job market with an unemployment rate of just 1.2%. Additionally, the city features a low poverty rate of 11.7%, better than the national average.
Potential considerations include median household income ($58,958) that falls below the national average. However, Castlewood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Castlewood has a population of 1,120 with a median age of 57.7 years. Compare Castlewood with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Castlewood
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Riverdale | 1,129 | $61,779 | $177,000 | Compare |
| Pembroke | 1,130 | $57,841 | $132,000 | Compare |
| Emory | 1,135 | $62,500 | $203,800 | Compare |
| Jolivue | 1,135 | $38,738 | $243,900 | Compare |
| Maurertown | 1,138 | $89,375 | $263,400 | Compare |
| Innovation | 1,139 | $0 | $0 | Compare |
| Independence | 1,144 | $36,250 | $115,700 | Compare |
| Mathews | 1,145 | $53,108 | $178,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Virginia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Castlewood
What is the population of Castlewood, VA?
The population of Castlewood, VA is 1,120 according to the latest Census data.
What is the median household income in Castlewood?
The median household income in Castlewood, VA is $58,958 per year.
What is the median home value in Castlewood?
The median home value in Castlewood, VA is $163,300.
What is the average rent in Castlewood?
The median monthly rent in Castlewood, VA is $740.
What is the unemployment rate in Castlewood?
The unemployment rate in Castlewood, VA is 1.2%.