Living in Drakes Branch, Virginia
Cost of living, income, home prices, rent and demographics of Drakes Branch · Census data 2020–2024
Drakes Branch has 435 residents with a median age of 52.2. The median household income is $25,938 (72% lower than the Virginia median), the median home value is $111,000, the median rent is $569/month.
Drakes Branch is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Drakes Branch at a glance
- Population
- 435
- Median age
- 52.2State: 39
- Median household income
- $25,938State: $93,170
- Median home value
- $111,000State: $383,700
- Median rent
- $569/moState: $1,579
- Homeowners
- 68.5%
- Bachelor's degree or higher
- 14.3%
- Average commute
- 29 min
Is Drakes Branch a good place to live?
Pros: Home values 71% lower than the state median.
Cons: Median household income 72% lower than the Virginia median; an average commute of 29 minutes; a poverty rate of 14.9%.
The weather is best in April–May and September–October.
Cost of living in Drakes Branch
Housing is the biggest part of the cost of living. In Drakes Branch the median home value is $111,000, 67% lower than the U.S. median. Renters pay a median of $569 per month, which is 27.7% of household income. Homeowners with a mortgage pay $1,031 a month in housing costs.
Drakes Branch median household income
The median household income in Drakes Branch is $25,938 and the income per person is $25,299. 14.9% of residents live below the poverty line (Virginia: 9.9%).
Housing in Drakes Branch: homes for sale and rent
- Housing units
- 291
- Owner-occupied
- 68.5%
- Renter-occupied
- 31.5%
- Vacant
- 30.2%Includes seasonal homes
- Median year built
- 1970
- Average household size
- 2.14
30.2% of homes are vacant most of the year, a sign that Drakes Branch has many vacation and second homes.
Drakes Branch demographics
- Population
- 435
- Median age
- 52.2
- Under 18
- 13.3%
- 65 and older
- 30.6%
- Households
- 203
- Foreign-born
- 0%
- Veterans
- 9.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Drakes Branch ›
Education in Drakes Branch
14.3% of adults 25 and older in Drakes Branch have a bachelor's degree or higher (Virginia: 42.2%), and 9.2% have a graduate or professional degree.
Jobs and commute in Drakes Branch
- Unemployment rate
- 0%State: 4.3%
- Average commute
- 29 minState: 27 min
- Work from home
- 3.4%
- Drive alone
- 87.9%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 53.2%
Drakes Branch vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Drakes Branch | 435 | $25,938 | $111,000 | $569 |
| Charlotte Court House | 673 | $85,893 | $167,200 | $858 |
| Keysville | 988 | $31,442 | $161,100 | $696 |
| Phenix | 418 | $73,125 | $129,200 | $758 |
| Clover | 696 | $52,577 | $203,700 | — |
| Chase City | 2,470 | $45,843 | $112,900 | $667 |
| Hampden-Sydney | 1,769 | $154,565 | — | — |
| Pamplin City | 275 | $68,750 | $124,200 | $831 |
| Brookneal | 1,300 | $44,850 | $135,600 | $843 |
More for people moving to Drakes Branch
Drakes Branch ZIP code ›Weather and climate ›Living in Drakes Branch: FAQ
What is the median household income in Drakes Branch, VA?
The median household income in Drakes Branch is $25,938, 72% lower than the Virginia median of $93,170 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Drakes Branch?
The median home value in Drakes Branch is $111,000, compared with $383,700 in Virginia.
How much is rent in Drakes Branch?
The median gross rent in Drakes Branch is $569 per month, about 27.7% of household income.
Is Drakes Branch, VA a good place to live?
Pluses: home values 71% lower than the state median. Minuses: median household income 72% lower than the Virginia median; an average commute of 29 minutes; a poverty rate of 14.9%.
What is the median age in Drakes Branch?
The median age in Drakes Branch is 52.2 years (Virginia: 39).
How long is the commute in Drakes Branch?
The average commute to work in Drakes Branch is 29 minutes; 3.4% of workers work from home.
What is the unemployment rate in Drakes Branch?
The unemployment rate in Drakes Branch is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Drakes Branch?
14.3% of adults in Drakes Branch have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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