Wakefield, VA
Population 1,082 · Virginia
About Wakefield, VA
Wakefield is a small community in Virginia with a population of 1,082 residents. The median household income is $56,250 per year, which is near the national average. The median age in Wakefield is 40.4 years.
Housing in Wakefield has a median home value of $155,600 and median monthly rent of $959. Of the 472 total housing units, the majority are owner-occupied, with 274 owner-occupied and 104 renter-occupied units.
The unemployment rate in Wakefield is 3.6% and the poverty rate is 7.7%. 20.0% of residents hold a bachelor's degree or higher. The average commute time is 40 minutes.
Cost of Living in Wakefield, VA
Compared to national averages, Wakefield has a median household income of $56,250 (25% below the national median of $75,149). Home values average $155,600, which is 36% below the national median. Monthly rent at $959 is 18% below the US average of $1,163. Within Virginia, Wakefield's income is 36% below the state average of $87,957, and home values are 52% below the state median of $327,514.
Why Live in Wakefield, VA?
Wakefield offers affordable housing with a median home value of $155,600, below the US average of $244,900, and rent that’s lower than the national average at $959/month, and a strong job market with an unemployment rate of just 3.6%. Additionally, the city features a low poverty rate of 7.7%, better than the national average.
Potential considerations include median household income ($56,250) that falls below the national average. However, Wakefield’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wakefield has a population of 1,082 with a median age of 40.4 years. Compare Wakefield with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Wakefield
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Ridgeway | 1,082 | $60,938 | $147,400 | Compare |
| Arrington | 1,084 | $47,000 | $144,300 | Compare |
| Rushmere | 1,087 | $76,429 | $331,700 | Compare |
| Occoquan | 1,089 | $142,083 | $482,900 | Compare |
| Plum Creek | 1,067 | $38,915 | $110,900 | Compare |
| Craigsville | 1,052 | $40,080 | $142,400 | Compare |
| St. Paul | 1,046 | $29,554 | $178,800 | Compare |
| Castlewood | 1,120 | $58,958 | $163,300 | 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 Wakefield
What is the population of Wakefield, VA?
The population of Wakefield, VA is 1,082 according to the latest Census data.
What is the median household income in Wakefield?
The median household income in Wakefield, VA is $56,250 per year.
What is the median home value in Wakefield?
The median home value in Wakefield, VA is $155,600.
What is the average rent in Wakefield?
The median monthly rent in Wakefield, VA is $959.
What is the unemployment rate in Wakefield?
The unemployment rate in Wakefield, VA is 3.6%.