Drakes Branch, VA Real Estate
According to census data in the year 2000 there were 245 housing units in Drakes Branch.
This represents a 0% decline from 245 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 245 were located in what is classified as a rural area.
Homeownership rate in Drakes Branch is about 62.1%.
Drakes Branch's vacancy rate, including seasonal lodging, is about 12.7%.
Average household size is 2.36 people.
The majority of houses, apartments or condos in Drakes Branch were built after 1958.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.90% |
| One Bedroom | 13.50% |
| Two Bedrooms | 24.10% |
| Three Bedrooms | 44.50% |
| Four Bedrooms | 13.50% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.48 |
| Median year structure was built | 1955 |
| Median Value of occupied units | $64,600 |
| Median Price asked for vacant units | $55,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.16 |
| Median year structure was built | 1968 |
| Median Monthly Rent asked for vacant units | $263 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.80% |
| Home Equity Loan | 0.90% |
| Simple Mortgage | 40.60% |
| Debt Free | 54.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.4% |
