Rockwood CDP, VA Profile: Facts & Data

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Rockwood CDP, Virginia - Basic Facts

The Rockwood Census Designated Place had a population of 8,872 as of July 1, 2020. Rockwood CDP ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Virginia. See peer rankings below.

The primary coordinate point for Rockwood CDP is located at latitude 37.463 and longitude -77.5744 in Chesterfield County. The formal boundaries for the Rockwood Census Designated Place encompass a land area of 5.34 sq. miles and a water area of 0.08 sq. miles.

The Rockwood Census Designated Place (GNIS ID: 2584911) 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.


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

POPULATION

Total Population 8,872 (100%)
Population in Households 8,854 (99.8%)
Population in Families 7,550 (85.1%)
Population in Group Quarters1 18 ( 0.2%)
Population Density 1,638
Diversity Index2 61
 
 

INCOME

Median Household Income $78,833
Average Household Income $102,002
% of Income for Mortgage4 12%
Per Capita Income $39,546
Wealth Index5 138
 

HOUSING

Total HU (Housing Units) 3,599 (100%)
Owner Occupied HU 3,124 (86.8%)
Renter Occupied HU 344 ( 9.6%)
Vacant Housing Units 131 ( 3.6%)
Median Home Value $219,161
Average Home Value $263,284
Housing Affordability Index3 203
 

HOUSEHOLDS

Total Households 3,468
Average Household Size 2.55
Family Households 2,586
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 0.5% 0.56%
Households 0.53% 0.55%
Families 0.5% 0.5%
Median Household Income   1.41%
Per Capita Income   1.67%
Owner Occupied HU   0.59%

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Rockwood CDP, VA - Peer Comparisons by Rank and Percentile

The table below compares Rockwood 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.

Variable Description Rank Percentile
Total Population # 135 77th
Population Density # 169 72nd
Median Household Income # 160 73rd
Housing Affordability Index # 438 74th
Per Capita Income # 144 76th
Diversity Index # 146 76th

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

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