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EconPulse

Local economy signal dashboard

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PLACEThriving

Westlake Corner, VA

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

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Overall score79out of 100
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73
65
100
79
100

Population

2,033

Data freshness

Unknown

GDP / Output

+4.9% YoY

73

$2.2B

Output changed +4.9% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

65

4.1%

Unemployment is 4.1% for June 2026.

Vintage date unknown

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

Population

+16.3% 5-year

100

2,033

Population moved +16.3% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

79

15.0%

Median rent consumes 15.0% 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

$8.2K per resident

100

$448.0M

$448.0M 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

$448.0M

$8.2K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$377.5M
2. Department of Veterans Affairs$37.4M
3. Railroad Retirement Board$12.2M

Top recipients

Dollars
1. VIRGINIA DEPARTMENT OF TRANSPORTATION$6.9M
2. REDACTED DUE TO PII$5.3M
3. PENBAY TECHNOLOGY GROUP LLC$3.5M

Affordable

Housing Affordability

15.0%

of median income

1BR estimate$972
2BR estimate$1,280
Median income$95,000
Median home value$499,000

ACS context

Quick Facts

Population

2,033

Median age

60.0

Bachelor's degree+

33.3%

Poverty rate

5.8%

Labor force participation

54.9%

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

June 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-31

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

+3.1%

GDP CAGR

+6.0%

Federal flow

5 years

Population (5 years)
20201,748
20211,691
20221,815
20231,824
20242,033
GDP (5 years)
2020$1.7B
2021$1.9B
2022$2.0B
2023$2.1B
2024$2.2B

2-year linear forecast

Predictive Outlook

Population forecast

20242,033
20252,033 *
20262,103 *

R² = 73.5% · * projected

GDP forecast

2024$2.2B
2025$2.4B *
2026$2.5B *

R² = 97.5% · * 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$95,000/yr
Median rent$1,185/mo
Rent share of income15.0%
Est. mortgage (30yr, 6.5%)$30,279/yr
Mortgage share of income31.9%

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

employment snapshot

Job Market

Unemployment rate4.1%
State avg4.3%
U.S. avg5.2%
Labor force participation54.9%
Poverty rate5.8%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$499,000
Median monthly rent$1,185
Price-to-rent ratio35.1x

High price-to-rent ratio — renting may be more economical than buying in this market.

composite score

Investment Climate

Investment climateStrong
Composite score78/100
Economic growth73/100
Labor market65/100
Population momentum100/100
Overall stability79/100

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

Location Context

Westlake Corner CDP, Virginia

City/Town

Part of

Roanoke, VA

Nearby locations

North Shore, VAUnion Hall, VAMoneta, VAPenhook, VAStewartsville, VA