Woodlake, VA
Population 7,373 · Virginia
About Woodlake, VA
Woodlake is a small town located in Virginia with a population of 7,373 residents according to the latest US Census Bureau American Community Survey data. The median household income is $133,782 per year, which is 78% above the national median of $75,149. The median age of 40.9 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Woodlake features a median home value of $371,900, which is 52% above the national median of $244,900. This places Woodlake in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,888, 62% above the national average of $1,163/month. Of the 2,741 total housing units, 81% are owner-occupied (2,184 units) and 19% are renter-occupied (517 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Woodlake shows an unemployment rate of 4.7%, which is near the national rate of 3.7%. The poverty rate stands at 2.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Woodlake have an average one-way commute time of 24.8 minutes.
Education & Demographics
61.6% of Woodlake 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 2.0% White, 0.7% Hispanic or Latino, 1.0% Black or African American, and 1.0% Asian residents, with 11.8% of the population being foreign-born.
Cost of Living in Woodlake, VA
Compared to national averages, Woodlake has a median household income of $133,782 (78% above the national median of $75,149). Home values average $371,900, which is 52% above the national median. Monthly rent at $1,888 is 62% above the US average of $1,163. Within Virginia, Woodlake's income is 52% above the state average of $87,957, and home values are 14% above the state median of $327,514.
Why Live in Woodlake, VA?
Woodlake offers a strong local economy with a median household income of $133,782, well above the national average, and a well-educated community where 61.6% of residents hold a bachelor’s degree or higher, and a low poverty rate of 2.3%, better than the national average. Additionally, the city features short commute times averaging just 24.8 minutes.
Potential considerations include a competitive housing market where the typical home costs $371,900. However, Woodlake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Woodlake has a population of 7,373 with a median age of 40.9 years. Compare Woodlake with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Woodlake
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lexington | 7,420 | $89,598 | $275,300 | Compare |
| Mantua | 7,447 | $197,677 | $947,700 | Compare |
| North Springfield | 7,511 | $124,118 | $630,300 | Compare |
| Bull Run CDP (Fairfax County), Virginia | 7,513 | $238,500 | $879,000 | Compare |
| Laurel Hill | 7,551 | $139,803 | $625,900 | Compare |
| Strasburg | 7,162 | $59,614 | $247,300 | Compare |
| Floris | 7,135 | $239,457 | $843,600 | Compare |
| Farmville | 7,613 | $40,282 | $223,700 | 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 Woodlake With Other Cities
Frequently Asked Questions about Woodlake
What is the population of Woodlake, VA?
The population of Woodlake, VA is 7,373 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Virginia.
What is the median household income in Woodlake?
The median household income in Woodlake, VA is $133,782 per year, which is 78% above the national median of $75,149.
What is the median home value in Woodlake?
The median home value in Woodlake, VA is $371,900, which is 52% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Woodlake?
The median monthly rent in Woodlake, VA is $1,888, which is 62% above the national average of $1,163/month.
What is the unemployment rate in Woodlake?
The unemployment rate in Woodlake, VA is 4.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Woodlake, VA a good place to live?
Woodlake offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 7,373 and a median age of 40.9, the city appeals to a broad range of residents.
How educated is Woodlake, VA?
61.6% of residents in Woodlake 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 Woodlake?
Key cost-of-living indicators for Woodlake, VA: median home value is $371,900 (52% above national), median rent is $1,888/month, and median household income is $133,782. The home-value-to-income ratio is 2.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Woodlake?
The poverty rate in Woodlake, VA is 2.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Woodlake, VA?
Woodlake's population is 2.0% White, 0.7% Hispanic or Latino, 1.0% Black or African American, 1.0% Asian, and 6.7% two or more races. 11.8% of residents are foreign-born.