Lake Caroline, VA
Population 2,708 · Virginia
About Lake Caroline, VA
Lake Caroline is a small community in Virginia with a population of 2,708 residents. The median household income is $88,222 per year, which is above the national average. The median age in Lake Caroline is 30.4 years.
Housing in Lake Caroline has a median home value of $291,300 and median monthly rent of $1,634. Of the 1,210 total housing units, the majority are owner-occupied, with 816 owner-occupied and 199 renter-occupied units.
The unemployment rate in Lake Caroline is 0.0% and the poverty rate is 21.4%. 31.6% of residents hold a bachelor's degree or higher. The average commute time is 50.7 minutes.
Cost of Living in Lake Caroline, VA
Compared to national averages, Lake Caroline has a median household income of $88,222 (17% above the national median of $75,149). Home values average $291,300, which is 19% above the national median. Monthly rent at $1,634 is 40% above the US average of $1,163. Within Virginia, Lake Caroline's income is 0% above the state average of $87,957, and home values are 11% below the state median of $327,514.
Why Live in Lake Caroline, VA?
Lake Caroline offers a strong local economy with a median household income of $88,222, well above the national average, and a strong job market with an unemployment rate of just 0.0%.
Lake Caroline has a population of 2,708 with a median age of 30.4 years. Compare Lake Caroline with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Lake Caroline
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lovettsville | 2,697 | $141,042 | $526,600 | Compare |
| Dublin | 2,671 | $61,635 | $166,700 | Compare |
| Sully Square | 2,668 | $210,746 | $709,400 | Compare |
| Shawneeland | 2,653 | $98,167 | $238,500 | Compare |
| Waverly | 2,629 | $71,154 | $135,300 | Compare |
| Crewe | 2,795 | $60,214 | $135,800 | Compare |
| Windsor | 2,808 | $65,321 | $248,200 | Compare |
| Ravensworth | 2,566 | $163,281 | $668,600 | 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 Lake Caroline
What is the population of Lake Caroline, VA?
The population of Lake Caroline, VA is 2,708 according to the latest Census data.
What is the median household income in Lake Caroline?
The median household income in Lake Caroline, VA is $88,222 per year.
What is the median home value in Lake Caroline?
The median home value in Lake Caroline, VA is $291,300.
What is the average rent in Lake Caroline?
The median monthly rent in Lake Caroline, VA is $1,634.
What is the unemployment rate in Lake Caroline?
The unemployment rate in Lake Caroline, VA is 0.0%.