Timberlake, VA Real Estate
According to census data in the year 2000 there were 4,721 housing units in Timberlake.
This represents a 14.4% growth from 4,126 in 1990.
Of those housing units, 4,574 were located in either urbanized areas or urban clusters, and 147 were located in what is classified as a rural area.
Homeownership rate in Timberlake is about 74.1%.
Timberlake's vacancy rate, including seasonal lodging, is about 3.4%.
Average household size is 2.39 people.
The majority of houses, apartments or condos in Timberlake were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.20% |
| One Bedroom | 7.10% |
| Two Bedrooms | 26% |
| Three Bedrooms | 44.70% |
| Four Bedrooms | 18% |
| Five Bedrooms or more | 3.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.54 |
| Median year structure was built | 1974 |
| Median Value of occupied units | $110,500 |
| Median Price asked for vacant units | $107,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.95 |
| Median year structure was built | 1979 |
| Median Monthly Rent asked for vacant units | $425 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.80% |
| Second Mortgage | 6.80% |
| Home Equity Loan | 13.10% |
| Simple Mortgage | 49.30% |
| Debt Free | 30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.6% |
