Wakefield: Housing & Real Estate
Wakefield homes sell at a median $187,800, with median rent $966 (1.1× higher than Sussex County median $907; 1.6× below Virginia median $1,579). Homeownership rate: 69.8%. That's about the same as the Sussex County median ($183,800); 2.0× below the Virginia median ($383,700). A municipal building code is in effect.
- 3.0× annual income — home value vs. household income (vs Virginia 4.1×).
- 16.2 years to break even renting at the median (vs Virginia 19y).
Home Values & Rent
Median home value $187,800 — 0.5× the Virginia median ($382,500). Median rent $966/month. homeownership rate 69.8% — above the U.S. share of ~65%.
| Median Home Value | $187,800 (vs Virginia $382,500) |
|---|---|
| Median Rent | $966 (vs Virginia $1,714) |
Other
| Homeownership Rate | 69.8% (vs Virginia 64.4%) |
|---|---|
| Median Year Built | 1971 |