Lake Land Or CDP, VA Profile: Facts & Data

The Lake Land'Or Census Designated Place had a population of 4,559 as of July 1, 2020.

The Lake Land'Or Census Designated Place (GNIS ID: 2630779) 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 Land Or CDP, VA Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	4,559 (100%)
Population in Households	4,558 (100.0%)
Population in Families	3,848 (84.4%)
Population in Group Quarters¹	1 ( 0.0%)
Population Density	1,008
Diversity Index²	53


INCOME
Median Household Income	$68,713
Average Household Income	$83,348
% of Income for Mortgage⁴	13%
Per Capita Income	$29,912
Wealth Index⁵	79

HOUSING
Total HU (Housing Units)	1,726 (100%)
Owner Occupied HU	1,353 (78.4%)
Renter Occupied HU	218 (12.6%)
Vacant Housing Units	155 ( 9.0%)
Median Home Value	$214,274
Average Home Value	$246,656
Housing Affordability Index³	200

HOUSEHOLDS
Total Households	1,571
Average Household Size	2.9
Family Households	1,168
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 Land Or CDP, VA - Peer Comparisons by Rank and Percentile

The table below compares Lake Land Or 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	0.75%	4.21%
Households	0.74%	4.25%
Families	0.41%	4.12%
Median Household Income		0.84%
Per Capita Income		1.54%
Owner Occupied HU		4.89%

Variable Description	Rank	Percentile
Total Population	# 201	66th
Population Density	# 245	59th
Median Household Income	# 196	67th
Housing Affordability Index	# 432	73rd
Per Capita Income	# 254	57th
Diversity Index	# 236	61st

Lake Land Or CDP, VA Profile: Facts & Data

Lake Land Or CDP, Virginia - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Lake Land Or CDP, VA - Peer Comparisons by Rank and Percentile

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