Lake Barcroft, VA
Population 10,678 · Virginia
About Lake Barcroft, VA
Lake Barcroft is a mid-sized city located in Virginia with a population of 10,678 residents according to the latest US Census Bureau American Community Survey data. The median household income is $143,796 per year, which is 91% above the national median of $75,149. The median age of 42.9 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Lake Barcroft features a median home value of $848,200, which is 246% above the national median of $244,900. This places Lake Barcroft in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,914, 65% above the national average of $1,163/month. Of the 3,958 total housing units, 69% are owner-occupied (2,722 units) and 31% are renter-occupied (1,203 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Barcroft shows an unemployment rate of 4.4%, which is near the national rate of 3.7%. The poverty rate stands at 5.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Barcroft have an average one-way commute time of 30.1 minutes.
Education & Demographics
64.0% of Lake Barcroft residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 1.2% White, 1.4% Hispanic or Latino, 0.5% Black or African American, and 13.0% Asian residents, with 30.2% of the population being foreign-born.
Cost of Living in Lake Barcroft, VA
Compared to national averages, Lake Barcroft has a median household income of $143,796 (91% above the national median of $75,149). Home values average $848,200, which is 246% above the national median. Monthly rent at $1,914 is 65% above the US average of $1,163. Within Virginia, Lake Barcroft's income is 63% above the state average of $87,957, and home values are 159% above the state median of $327,514.
Why Live in Lake Barcroft, VA?
Lake Barcroft offers a strong local economy with a median household income of $143,796, well above the national average, and a well-educated community where 64.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $848,200. However, Lake Barcroft’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Barcroft has a population of 10,678 with a median age of 42.9 years. Compare Lake Barcroft with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Lake Barcroft
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Yorkshire | 10,678 | $107,283 | $424,100 | Compare |
| Lake Monticello | 10,820 | $101,363 | $288,300 | Compare |
| Madison Heights | 10,398 | $62,727 | $181,300 | Compare |
| Loudoun Valley Estates | 10,323 | $229,126 | $773,100 | Compare |
| Independent Hill | 10,217 | $204,500 | $646,000 | Compare |
| Difficult Run | 10,202 | $250,001 | $1,052,600 | Compare |
| Gloucester Point | 11,159 | $71,589 | $286,500 | Compare |
| Lowes Island | 11,199 | $220,238 | $777,700 | 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.
Compare Lake Barcroft With Other Cities
Frequently Asked Questions about Lake Barcroft
What is the population of Lake Barcroft, VA?
The population of Lake Barcroft, VA is 10,678 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Virginia.
What is the median household income in Lake Barcroft?
The median household income in Lake Barcroft, VA is $143,796 per year, which is 91% above the national median of $75,149.
What is the median home value in Lake Barcroft?
The median home value in Lake Barcroft, VA is $848,200, which is 246% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Barcroft?
The median monthly rent in Lake Barcroft, VA is $1,914, which is 65% above the national average of $1,163/month.
What is the unemployment rate in Lake Barcroft?
The unemployment rate in Lake Barcroft, VA is 4.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lake Barcroft, VA a good place to live?
Lake Barcroft offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 10,678 and a median age of 42.9, the city appeals to a broad range of residents.
How educated is Lake Barcroft, VA?
64.0% of residents in Lake Barcroft aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Lake Barcroft?
Key cost-of-living indicators for Lake Barcroft, VA: median home value is $848,200 (246% above national), median rent is $1,914/month, and median household income is $143,796. The home-value-to-income ratio is 5.9x, a moderate figure by national standards.
What is the poverty rate in Lake Barcroft?
The poverty rate in Lake Barcroft, VA is 5.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lake Barcroft, VA?
Lake Barcroft's population is 1.2% White, 1.4% Hispanic or Latino, 0.5% Black or African American, 13.0% Asian, and 8.3% two or more races. 30.2% of residents are foreign-born.