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Timberlake, VA Real Estate


According to census data in the year 2000 there were 4,721 housing units in Timberlake. This represents a 14.4% growth from 4,126 in 1990.

Of those housing units, 4,574 were located in either urbanized areas or urban clusters, and 147 were located in what is classified as a rural area.

Homeownership rate in Timberlake is about 74.1%. Timberlake's vacancy rate, including seasonal lodging, is about 3.4%. Average household size is 2.39 people.

The majority of houses, apartments or condos in Timberlake were built after 1975.

Statistics

Housing Size

Housing Units by Size
Studio Type0.20%
One Bedroom7.10%
Two Bedrooms26%
Three Bedrooms44.70%
Four Bedrooms18%
Five Bedrooms or more3.90%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.54
Median year structure was built1974
Median Value of occupied units$110,500
Median Price asked for vacant units$107,800

Rented Homes, Apartments and Condos

Average Household Size1.95
Median year structure was built1979
Median Monthly Rent asked for vacant units$425

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.80%
Second Mortgage6.80%
Home Equity Loan13.10%
Simple Mortgage49.30%
Debt Free30%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs15.6%