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EconPulse

Local economy signal dashboard

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PLACEThriving

Lake Of The Woods, VA

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

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Overall score75out of 100
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76
100
9
73
100

Population

7,984

Data freshness

Unknown

GDP / Output

+5.3% YoY

76

$1.6B

Output changed +5.3% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

100

0.8%

Unemployment is 0.8% for Latest available.

Vintage date unknown

State avg4.3%
U.S. avg4.3%

Population

-6.8% 5-year

9

7,984

Population moved -6.8% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

73

19.4%

Median rent consumes 19.4% 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

$9.0K per resident

100

$326.1M

$326.1M 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

$326.1M

$9.0K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$252.2M
2. Department of Veterans Affairs$52.2M
3. Department of Education$14.1M

Top recipients

Dollars
1. GERMANNA COMMUNITY COLLEGE$14.1M
2. REDACTED DUE TO PII$1.9M
3. ORANGE COUNTY PUBLIC SCHOOLS$1.8M

Affordable

Housing Affordability

19.4%

of median income

1BR estimate$1,447
2BR estimate$1,906
Median income$109,153
Median home value$399,300

ACS context

Quick Facts

Population

7,984

Median age

52.8

Bachelor's degree+

45.6%

Poverty rate

5.5%

Labor force participation

46.4%

Prime rate

6.8%

CPI YoY

+3.9%

U.S. GDP YoY

+5.9%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-06-16

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

-1.4%

GDP CAGR

+5.9%

Federal flow

5 years

Population (5 years)
20208,565
20218,557
20228,356
20238,165
20247,984
GDP (5 years)
2020$1.2B
2021$1.3B
2022$1.4B
2023$1.5B
2024$1.6B

2-year linear forecast

Predictive Outlook

Population forecast

20247,984
20257,859 *
20267,704 *

R² = 95.0% · * projected

GDP forecast

2024$1.6B
2025$1.7B *
2026$1.8B *

R² = 97.9% · * 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$109,153/yr
Median rent$1,765/mo
Rent share of income19.4%
Est. mortgage (30yr, 6.5%)$24,229/yr
Mortgage share of income22.2%

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

employment snapshot

Job Market

Unemployment rate0.8%
State avg4.3%
U.S. avg4.3%
Labor force participation46.4%
Poverty rate5.5%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$399,300
Median monthly rent$1,765
Price-to-rent ratio18.9x

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

composite score

Investment Climate

Investment climateStrong
Composite score68/100
Economic growth76/100
Labor market100/100
Population momentum9/100
Overall stability75/100

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

Location Context

Lake of the Woods CDP, Virginia

City/Town

Part of

Lake of the Woods, VA

Nearby locations

Lake Wilderness, VARhoadesville, VASpotsylvania Courthouse, VAUnionville, VABrandy Station, VA