Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 46.6 yrs |
|---|---|
| Avg HH Size | 2.57 |
| Below Poverty | 21.9% ▲ 119% above avg |
| College Grads | 20.4% ▼ 47% below avg |
| Unemployment | 1.4% ▼ 72% below avg |
| No HS Diploma | 17 (1.5%) |
| HS Graduate | 448 (40.1%) |
| Some College | 291 (26.1%) |
| Associates | 133 (11.9%) |
| Bachelors | 121 (10.8%) |
| Graduate Degree | 107 (9.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $37,118 ▼ 51% below avg |
|---|---|
| Median Home Value | $80,200 ▼ 71% below avg |
| Home/Income Ratio | 2.2x (nat avg ~3.5x) |
| Median Rent | $814/mo |
| Total Housing Units | 947 |
| Vacant Units | 138 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Drakes Branch is a city in Virginia, located in Charlotte County. The city spans 1 ZIP code and is home to approximately 2,079 residents. It is a mature city, with a median age of 46.6 years.
Economically, Drakes Branch is a lower-income community. The median household income of $37,118 is well below the national average. Approximately 21.9% of residents live below the poverty line. The unemployment rate is 1.4%, well below the national average.
The real estate market in Drakes Branch is one of the more affordable housing markets in the country. Median home values stand at $80,200, which is well below the national average. Renters typically pay around $814 per month. Homeownership is high at 66.6%, typical of suburban and family-oriented communities.
The population of Drakes Branch is less-educated. 20.4% of adults hold a bachelor's degree or higher — below the national average. The community is majority White (64.55%).
Drakes Branch, VA offers residents a cost-conscious lifestyle within Virginia.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 23937 | 2,079 | $37,118 | $80,200 | $814 | 1.4% | 20.4% | 66.6% |