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Timberlake, VA Profile: Facts & Data

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Timberlake, Virginia - Basic Facts

The Timberlake Census Designated Place had a population of 12,739 as of July 1, 2020.

The primary coordinate point for Timberlake is located at latitude 37.3207 and longitude -79.2575 in Campbell County. The formal boundaries for the Timberlake Census Designated Place encompass a land area of 11.2 sq. miles and a water area of 0.13 sq. miles. Campbell County is in the Eastern time zone (GMT -5). The elevation is 915 feet.

The Timberlake Census Designated Place (GNIS ID: 2390391) 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.

Alternate Unofficial Names for Timberlake: Timber Lake.

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

POPULATION

Total Population 12,739 (100%)
Population in Households 12,736 (100.0%)
Population in Families 10,088 (79.2%)
Population in Group Quarters1 3 ( 0.0%)
Population Density 1,132
Diversity Index2 36
 
 

INCOME

Median Household Income $51,435
Average Household Income $64,704
% of Income for Mortgage4 15%
Per Capita Income $27,413
Wealth Index5 61
 

HOUSING

Total HU (Housing Units) 5,884 (100%)
Owner Occupied HU 3,542 (60.2%)
Renter Occupied HU 1,865 (31.7%)
Vacant Housing Units 478 ( 8.1%)
Median Home Value $185,528
Average Home Value $203,761
Housing Affordability Index3 170
 

HOUSEHOLDS

Total Households 5,406
Average Household Size 2.36
Family Households 3,494
Average Family Size 3
NOTES
  1. 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.
  2. 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.
  3. 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.
  4. 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).
  5. 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.

GROWTH RATE / YEAR

 2010-2020 2020-2025
Population 0.43% 0.39%
Households 0.43% 0.4%
Families 0.39% 0.3%
Median Household Income   0.15%
Per Capita Income   1.08%
Owner Occupied HU   0.4%

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Timberlake, VA - Peer Comparisons by Rank and Percentile

The table below compares Timberlake 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.

Variable Description Rank Percentile
Total Population # 103 83rd
Population Density # 214 64th
Median Household Income # 332 44th
Housing Affordability Index # 303 51st
Per Capita Income # 315 47th
Diversity Index # 375 37th

Additional comparisons and rankings can be made with a VERY EASY TO USE Virginia Census Data Comparison Tool.

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