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EconPulse

Local economy signal dashboard

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PLACEThriving

Woodlake, VA

Thriving overall. Federal Funds 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 score74out of 100
Compare
88
69
46
77
91

Population

7,358

Data freshness

Unknown

GDP / Output

+7.0% YoY

88

$24.0B

Output changed +7.0% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

69

3.8%

Unemployment is 3.8% for June 2026.

Vintage date unknown

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

Population

-0.6% 5-year

46

7,358

Population moved -0.6% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

77

16.4%

Median rent consumes 16.4% 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

$7.0K per resident

91

$2.6B

$2.6B 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

$2.6B

$7.0K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$1.9B
2. Department of Veterans Affairs$377.6M
3. Department of Defense$107.4M

Top recipients

Dollars
1. EMERGENCY MGMT DEPARTMENT OF$54.1M
2. VIRGINIA DEPARTMENT OF TRANSPORTATION$46.8M
3. BENAKA, INC.$19.7M

Affordable

Housing Affordability

16.4%

of median income

1BR estimate$1,560
2BR estimate$2,054
Median income$139,344
Median home value$406,800

ACS context

Quick Facts

Population

7,358

Median age

42.6

Bachelor's degree+

63.2%

Poverty rate

2.5%

Labor force participation

73.1%

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

-0.1%

GDP CAGR

+7.1%

Federal flow

5 years

Population (5 years)
20207,404
20217,398
20227,566
20237,373
20247,358
GDP (5 years)
2020$17.0B
2021$18.8B
2022$20.7B
2023$22.4B
2024$24.0B

2-year linear forecast

Predictive Outlook

Population forecast

20247,358
20257,385 *
20267,373 *

R² = 4.9% · * projected

GDP forecast

2024$24.0B
2025$25.9B *
2026$27.6B *

R² = 99.9% · * 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$139,344/yr
Median rent$1,902/mo
Rent share of income16.4%
Est. mortgage (30yr, 6.5%)$24,684/yr
Mortgage share of income17.7%

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

employment snapshot

Job Market

Unemployment rate3.8%
State avg4.3%
U.S. avg5.2%
Labor force participation73.1%
Poverty rate2.5%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$406,800
Median monthly rent$1,902
Price-to-rent ratio17.8x

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

composite score

Investment Climate

Investment climateStrong
Composite score71/100
Economic growth88/100
Labor market69/100
Population momentum46/100
Overall stability74/100

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

Location Context

Woodlake CDP, Virginia

City/Town

Part of

Richmond, VA

Nearby locations

Brandermill, VAMidlothian, VARockwood, VAManchester, VABon Air, VA