Lake Caroline CDP, VA Profile: Facts & Data

The Lake Caroline Census Designated Place had a population of 2,676 as of July 1, 2020.

The Lake Caroline Census Designated Place (GNIS ID: 2630780) has a U2 Census Class Code which indicates a census designated place without an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

Lake Caroline CDP, VA Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	2,676 (100%)
Population in Households	2,673 (99.9%)
Population in Families	2,234 (83.5%)
Population in Group Quarters¹	3 ( 0.1%)
Population Density	943
Diversity Index²	48


INCOME
Median Household Income	$61,992
Average Household Income	$76,894
% of Income for Mortgage⁴	13%
Per Capita Income	$29,198
Wealth Index⁵	73

HOUSING
Total HU (Housing Units)	1,212 (100%)
Owner Occupied HU	868 (71.6%)
Renter Occupied HU	160 (13.2%)
Vacant Housing Units	184 (15.2%)
Median Home Value	$188,370
Average Home Value	$215,975
Housing Affordability Index³	208

HOUSEHOLDS
Total Households	1,028
Average Household Size	2.6
Family Households	732
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.

Lake Caroline CDP, VA - Peer Comparisons by Rank and Percentile

The table below compares Lake Caroline CDP 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	1.66%	16.15%
Households	1.71%	16.18%
Families	1.62%	16.13%
Median Household Income		1.53%
Per Capita Income		2.26%
Owner Occupied HU		18.36%

Variable Description	Rank	Percentile
Total Population	# 244	59th
Population Density	# 258	57th
Median Household Income	# 223	63rd
Housing Affordability Index	# 455	77th
Per Capita Income	# 270	55th
Diversity Index	# 289	52nd

Lake Caroline CDP, VA Profile: Facts & Data

Lake Caroline CDP, Virginia - Basic Facts

Lake Caroline CDP, VA Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Lake Caroline CDP, VA - Peer Comparisons by Rank and Percentile

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