Gloucester Point, VA Profile: Facts & Data

The Gloucester Point Census Designated Place 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.

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Gloucester Point, VA Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	10,754 (100%)
Population in Households	10,754 (100.0%)
Population in Families	8,723 (81.1%)
Population in Group Quarters¹	0
Population Density	1,144
Diversity Index²	36


INCOME
Median Household Income	$76,074
Average Household Income	$97,084
% of Income for Mortgage⁴	27%
Per Capita Income	$41,049
Wealth Index⁵	94
Socioeconomic Status Index⁶	Moderate (52.1)

HOUSING
Total HU (Housing Units)	4,951 (100%)
Owner Occupied HU	3,330 (67.3%)
Renter Occupied HU	1,217 (24.6%)
Vacant Housing Units	404 ( 8.2%)
Median Home Value	$321,549
Average Home Value	$362,980
Housing Affordability Index³	97

HOUSEHOLDS
Total Households	4,547
Average Household Size	2.37
Family Households	2,928
Average Family Size	3.00

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.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Gloucester Point, VA - Peer Comparisons by Rank and Percentile

The table below compares Gloucester Point to the other 688 incorporated cities, towns and CDPs in Virginia by rank and percentile using July 1, 2024 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	2020-2024	2024-2029
Population	0.37%	0.21%
Households	0.49%	0.47%
Families		0.37%
Median Household Income		1.89%
Per Capita Income		2.79%
Owner Occupied HU		1.12%

Variable Description	Rank	Percentile
Total Population	# 124	82nd
Population Density	# 228	67th
Median Household Income	# 282	59th
Housing Affordability Index	# 393	57th
Per Capita Income	# 265	62nd
Diversity Index	# 460	33rd

Gloucester Point, VA Profile: Facts & Data

Gloucester Point, Virginia - Basic Facts

Gloucester Point, VA Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Gloucester Point, VA - Peer Comparisons by Rank and Percentile

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