Lake of the Woods, VA
Population 8,165 · Virginia
About Lake of the Woods, VA
Lake of the Woods is a small community in Virginia with a population of 8,165 residents. The median household income is $112,917 per year, which is above the national average. The median age in Lake of the Woods is 51.8 years.
Housing in Lake of the Woods has a median home value of $377,500 and median monthly rent of $1,690. Of the 3,825 total housing units, the majority are owner-occupied, with 3,368 owner-occupied and 204 renter-occupied units.
The unemployment rate in Lake of the Woods is 2.9% and the poverty rate is 4.8%. 45.2% of residents hold a bachelor's degree or higher. The average commute time is 46.1 minutes.
Cost of Living in Lake of the Woods, VA
Compared to national averages, Lake of the Woods has a median household income of $112,917 (50% above the national median of $75,149). Home values average $377,500, which is 54% above the national median. Monthly rent at $1,690 is 45% above the US average of $1,163. Within Virginia, Lake of the Woods's income is 28% above the state average of $87,957, and home values are 15% above the state median of $327,514.
Why Live in Lake of the Woods, VA?
Lake of the Woods offers a strong local economy with a median household income of $112,917, well above the national average, and a strong job market with an unemployment rate of just 2.9%, and a well-educated community where 45.2% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 4.8%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $377,500. However, Lake of the Woods’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake of the Woods has a population of 8,165 with a median age of 51.8 years. Compare Lake of the Woods with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Lake of the Woods
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Franklin | 8,212 | $65,125 | $227,200 | Compare |
| Fort Belvoir | 8,107 | $101,237 | $244,400 | Compare |
| Wytheville | 8,224 | $43,283 | $193,000 | Compare |
| Vinton | 8,038 | $64,643 | $179,400 | Compare |
| Fort Lee | 8,318 | $81,105 | $0 | Compare |
| Abingdon | 8,332 | $54,976 | $217,700 | Compare |
| Greenbriar | 7,989 | $134,284 | $627,600 | Compare |
| Dumbarton | 8,407 | $59,085 | $274,700 | 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.
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Frequently Asked Questions about Lake of the Woods
What is the population of Lake of the Woods, VA?
The population of Lake of the Woods, VA is 8,165 according to the latest Census data.
What is the median household income in Lake of the Woods?
The median household income in Lake of the Woods, VA is $112,917 per year.
What is the median home value in Lake of the Woods?
The median home value in Lake of the Woods, VA is $377,500.
What is the average rent in Lake of the Woods?
The median monthly rent in Lake of the Woods, VA is $1,690.
What is the unemployment rate in Lake of the Woods?
The unemployment rate in Lake of the Woods, VA is 2.9%.