Wakefield, Virginia Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Wakefield, Virginia rental market.
Wakefield, Virginia
Average Apartment Rent
$2,223
Y-o-Y Change in Average
Apartment Rent
-4.2%
As of May 2026
Compared to a year ago, Wakefield, Virginia apartments have recorded a -4.2% rent decrease.
Wakefield, Virginia Average apartment rent trend
Wakefield, Virginia Average Apartment Rent
Wakefield, Virginia Apartment rent ranges
At 42.11%, apartments priced $1,500 - $2,000 represent the bulk of Wakefield, Virginia rentals, while condos priced Over $3,000 hold the lowest share of the market – 2.81%.
Wakefield, Virginia Housing tenure**
Renters take up 9% of Wakefield, Virginia real estate, occupying a total of 312 units, while homeowners live in 3,308 properties.
Median number of rooms of renter-occupied housing units**
8.2
Renter median household income**
$177,418
Average household size of renter-occupied housing units**
4.6
Wakefield, Virginia Renter-occupied housing units by no. of bedrooms**
There are 171 rentals in Wakefield, Virginia with 4 beds making up the highest share of the market, at 55%. Units with 3 beds, on the other hand, hold the lowest percentage (9%), amounting to 28 units. Overall, the median number of rooms in Wakefield, Virginia homes for rent is 8.2.
Wakefield, Virginia Renter-occupied units by age of householder**
Most condos for rent in Wakefield, Virginia are occupied by residents in the 45 - 54 years age group (29%), followed by those in the 35 - 44 years age group (26%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 2%.
Wakefield, Virginia Renter-occupied housing units by family type**
Wakefield, Virginia Renter-occupied housing units by the presence of own children**
A total of 250 apartments for rent in Wakefield, Virginia, or 80% of all rentals are family households. Additionally, 61% of rental homes include children under the age of 18 – that’s 189 units. All in all, the median size of a renter-occupied household in Wakefield, Virginia is 4.6.
Wakefield, Virginia Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 52% of the rental market. In contrast, residents with less than a high school degree reside in 2% of the homes for rent in Wakefield, Virginia.
Wakefield, Virginia Renter-occupied units by year structure built**
The highest share of Wakefield, Virginia apartment rentals, namely 50% or 155 units, were Built 1960 - 1969, followed by those Built 1970 - 1979 (24%, 75 units), and the ones Built 1980 - 1989 (20%, 63 units).
Wakefield, Virginia Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Wakefield, Virginia renters (50%) moved in 2018 to 2020, while only 9% of them moved in 2021 or later. Overall, the median year renters have occupied their Wakefield, Virginia condos for rent is 2019.
Wakefield, Virginia Renter-occupied housing units by vehicles available**
When it comes to transportation options, 66% of Wakefield, Virginia renters have 2 vehicles available per household, 15% of them have 3 vehicles available, and 8% have 1 vehicle available.
Wakefield, Virginia Means of transportation to work of householders living in renter-occupied housing units**
Wakefield, Virginia Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Wakefield, Virginia apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
