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EconPulse

Local economy signal dashboard

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PLACEThriving

Castlewood, VA

Thriving overall. Jobs is the clearest support signal, while gdp / output needs the most attention. Housing reads as affordable for a median-income household.

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Overall score84out of 100
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66
100
69
81
100

Population

1,357

Data freshness

Unknown

GDP / Output

+3.9% YoY

66

$903.7M

Output changed +3.9% in 2024.

Vintage date unknown

State growth5.4%
U.S. growth5.3%

Jobs

Unemployment rate

100

1.3%

Unemployment is 1.3% for Latest available.

Vintage date unknown

State avg4.3%
U.S. avg5.2%

Population

+3.2% 5-year

69

1,357

Population moved +3.2% over the latest ACS window.

Vintage date unknown

State population8,705,170
U.S. population334,922,499

Housing

Rent share of income

81

13.5%

Median rent consumes 13.5% of median household income: Affordable.

Vintage date unknown

State rent$1.6K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$8.9K per resident

100

$229.9M

$229.9M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$214.1B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$229.9M

$8.9K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$186.9M
2. Department of Labor$14.8M
3. Department of Veterans Affairs$13.2M

Top recipients

Dollars
1. MANAGEMENT & TRAINING CORPORATION$14.8M
2. VIRGINIA DEPARTMENT OF TRANSPORTATION$2.3M
3. CUMBERLAND PLATEAU REGIONAL HOUSING$2.3M

Affordable

Housing Affordability

13.5%

of median income

1BR estimate$561
2BR estimate$739
Median income$60,592
Median home value$157,300

ACS context

Quick Facts

Population

1,357

Median age

61.1

Bachelor's degree+

9.8%

Poverty rate

10.9%

Labor force participation

47.6%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+0.6%

GDP CAGR

+4.5%

Federal flow

5 years

Population (5 years)
20201,315
20211,238
20221,122
20231,120
20241,357
GDP (5 years)
2020$725.2M
2021$727.1M
2022$791.8M
2023$869.6M
2024$903.7M

2-year linear forecast

Predictive Outlook

Population forecast

20241,357
20251,220 *
20261,217 *

R² = 0.2% · * projected

GDP forecast

2024$903.7M
2025$953.4M *
2026$1.0B *

R² = 94.1% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$60,592/yr
Median rent$684/mo
Rent share of income13.5%
Est. mortgage (30yr, 6.5%)$9,545/yr
Mortgage share of income15.8%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate1.3%
State avg4.3%
U.S. avg5.2%
Labor force participation47.6%
Poverty rate10.9%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$157,300
Median monthly rent$684
Price-to-rent ratio19.2x

Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.

composite score

Investment Climate

Investment climateStrong
Composite score80/100
Economic growth66/100
Labor market100/100
Population momentum69/100
Overall stability84/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Castlewood CDP, Virginia

City/Town

Part of

Virginia

Nearby locations

St. Paul, VADante, VACleveland, VADungannon, VACoeburn, VA