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Wakefield, VA Real Estate


According to census data in the year 2000 there were 488 housing units in Wakefield. This represents a 5.9% growth from 461 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 488 were located in what is classified as a rural area.

Homeownership rate in Wakefield is about 72%. Wakefield's vacancy rate, including seasonal lodging, is about 12.1%. Average household size is 2.44 people.

The majority of houses, apartments or condos in Wakefield were built after 1959.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom3.90%
Two Bedrooms34.60%
Three Bedrooms44.30%
Four Bedrooms13.90%
Five Bedrooms or more3.30%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.29
Median year structure was built1961
Median Value of occupied units$67,700
Median Price asked for vacant units$57,500

Rented Homes, Apartments and Condos

Average Household Size2.82
Median year structure was built1949
Median Monthly Rent asked for vacant units$338

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6.70%
Home Equity Loan5.60%
Simple Mortgage33.70%
Debt Free54%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs16.8%