Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 41.7 yrs |
|---|---|
| Avg HH Size | 2.63 |
| Below Poverty | 8.7% ▼ 13% below avg |
| College Grads | 15.3% ▼ 60% below avg |
| Unemployment | 5.8% ▲ 18% above avg |
| No HS Diploma | 17 (1.2%) |
| HS Graduate | 422 (30.4%) |
| Some College | 452 (32.5%) |
| Associates | 286 (20.6%) |
| Bachelors | 97 (7%) |
| Graduate Degree | 116 (8.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $45,109 ▼ 41% below avg |
|---|---|
| Median Home Value | $62,300 ▼ 78% below avg |
| Home/Income Ratio | 1.4x (nat avg ~3.5x) |
| Median Rent | $814/mo |
| Total Housing Units | 766 |
| Vacant Units | 276 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Oakwood is a city in Virginia, located in Buchanan County. The city spans 1 ZIP code and is home to approximately 2,076 residents. It is a middle-aged city, with a median age of 41.7 years.
Economically, Oakwood is a working-class community. The median household income of $45,109 is below the national average. Approximately 8.7% of residents live below the poverty line. The unemployment rate is 5.8%, above the national average.
The real estate market in Oakwood is one of the more affordable housing markets in the country. Median home values stand at $62,300, which is well below the national average. Renters typically pay around $814 per month. Homeownership is high at 65.5%, typical of suburban and family-oriented communities.
The population of Oakwood is less-educated. 15.3% of adults hold a bachelor's degree or higher — well below the national average. The community is primarily White (72.5%).
Oakwood, VA offers residents a cost-conscious lifestyle within Virginia.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 24631 | 2,076 | $45,109 | $62,300 | $814 | 5.8% | 15.3% | 65.5% |