Hollymead, VA Profile: Facts & Data

The Hollymead Census Designated Place had a population of 8,260 as of July 1, 2020.

The primary coordinate point for Hollymead is located at latitude 38.1171 and longitude -78.4417 in Albemarle County. The formal boundaries for the Hollymead Census Designated Place encompass a land area of 6.46 sq. miles and a water area of 0.07 sq. miles. Albemarle County is in the Eastern time zone (GMT -5). The elevation is 499 feet.

The Hollymead Census Designated Place (GNIS ID: 2584858) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

Hollymead, VA Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	8,260 (100%)
Population in Households	8,195 (99.2%)
Population in Families	7,044 (85.3%)
Population in Group Quarters¹	65 ( 0.8%)
Population Density	1,279
Diversity Index²	39


INCOME
Median Household Income	$87,881
Average Household Income	$108,335
% of Income for Mortgage⁴	15%
Per Capita Income	$40,844
Wealth Index⁵	121

HOUSING
Total HU (Housing Units)	3,314 (100%)
Owner Occupied HU	2,225 (67.1%)
Renter Occupied HU	876 (26.4%)
Vacant Housing Units	213 ( 6.4%)
Median Home Value	$320,370
Average Home Value	$355,584
Housing Affordability Index³	160

HOUSEHOLDS
Total Households	3,101
Average Household Size	2.64
Family Households	2,235
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Hollymead, VA - Peer Comparisons by Rank and Percentile

The table below compares Hollymead to the other 593 incorporated cities, towns and CDPs in Virginia by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	0.7%	0.74%
Households	0.81%	0.78%
Families	0.72%	0.71%
Median Household Income		1.14%
Per Capita Income		2.27%
Owner Occupied HU		0.98%

Variable Description	Rank	Percentile
Total Population	# 143	76th
Population Density	# 197	67th
Median Household Income	# 124	79th
Housing Affordability Index	# 252	42nd
Per Capita Income	# 131	78th
Diversity Index	# 359	40th

Hollymead, VA Profile: Facts & Data

Hollymead, Virginia - Basic Facts

Hollymead, VA Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Hollymead, VA - Peer Comparisons by Rank and Percentile

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