Oakwood, Buchanan County, VA demographics:
population, income, and more

Total population
2,397
15.5% year-over-year change
Median household income
$43,980/yr
-2.5% year-over-year change
Housing units
822
7.3% year-over-year change

Oakwood population

How many people live in Oakwood

Oakwood is home to 2,397 residents, according to the most recent Census data. Gender-wise, 70.1% of Oakwood locals are male, and 29.9% are female.

Total population
2,397
15.5% year-over-year change
Gender ratio
Male
70.1%
1,680
Female
29.9%
717
Value Percent YoY change
Male 1,680 70.1% 16.6%
Female 717 29.9% 12.9%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Oakwood is 42, with the population distributed as follows: about 10% are children under 15, then 15.5% are in the 15 to 24 age group. Adults between 25 and 44 make up 32.5% of the population, while another 25.7% fall into the 45 to 64 bracket. Finally, around 16.3% are 65 or older.

Median age
41.6
Age breakdown
Under 15
10%
15 to 24
15.5%
25 to 44
32.5%
45 to 64
25.7%
Over 65
16.3%
Value Percent YoY change
Under 15 241 10% 14.8%
15 to 24 372 15.5% 37.8%
25 to 44 778 32.5% 7.0%
45 to 64 615 25.7% 8.5%
Over 65 391 16.3% 29.5%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Oakwood, 98.1% of the population are US-born citizens, while 1.8% have gained naturalized citizenship. At the same time, 0.1% of residents are non-citizens. As for race, 69.2% of locals are Caucasian, 27% are African American and 0.9% have Asian roots. There’s also a share of 2.5% that includes residents with two or more races.

Citizenship
U.S.-born citizens
98.1%
Non-U.S.-born citizens
1.8%
Non-citizens
0.1%
Value Percent YoY change
U.S.-born citizens 2,352 98.1% 17.6%
Non-U.S.-born citizens 42 1.8% -42.5%
Non-citizens 3 0.1% 0.0%
Racial breakdown
White
69.2%
Black or African American
27%
American Indian and Alaska Native
0%
Asian
0.9%
Native Hawaiian and other Pacific Islander
0%
Two or more races
2.5%
Other
0.5%
Value Percent
White 1,658 69.2%
Black or African American 647 27%
Asian 21 0.9%
Two or more races 60 2.5%
Other 11 0.5%

Households in Oakwood

A peek inside Oakwood households

Oakwood has 583 households, with an average of 2 members in each. Of these, 55.6% are families, while the remaining 44.4% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
583
19.0% year-over-year change
Average people per household
2
Non-family households
259
Family households
324
Value Percent YoY change
Non-family households 259 44.4% 20.5%
Family households 324 55.6% 17.8%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Oakwood

The housing landscape of Oakwood

Oakwood's housing consists of 822 units, with 57.7% being detached single-family homes ideal for those wanting space. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 31.8% of the housing landscape.

Housing units
822
7.3% year-over-year change
Housing types
Value Percent
1 unit, detached 474 57.7%
3 or 4 units 35 4.3%
5 to 9 units 52 6.3%
Mobile home 261 31.8%
Homes built since 2020
% year-over-year change

The age of buildings in Oakwood

In Oakwood, the median construction year is 1979. Most development happened in the second half of the 20th century.

Construction year breakdown by decade
Value Percent YoY change
Built between 1940 and 1949 121 14.7% 4.3%
Built between 1950 and 1959 22 2.7% -75.8%
Built between 1960 and 1969 113 13.8% 1.8%
Built between 1970 and 1979 181 22% 4.6%
Built between 1980 and 1989 138 16.8% 36.6%
Built between 1990 and 1999 93 11.3% 3.3%
Built between 2000 and 2009 34 4.1% -39.3%
Built between 2010 and 2019 120 14.6% 328.6%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Oakwood occupancy rates

Out of the 583 occupied housing units in Oakwood, 64.3% are owner-occupied, while 35.7% are lived in by tenants. Meanwhile, 29.1% of all homes on the local market sit vacant.

Occupied housing units
583
19.0% year-over-year change
Occupancy breakdown
Renter occupied
208
Owner occupied
375
Value Percent YoY
change
Renter occupied 208 35.7% 23.1%
Owner occupied 375 64.3% 16.8%
Unoccupied housing units
29.1%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Oakwood housing costs

Housing costs in Oakwood come to a median of $520 per month, while tenants specifically pay a median gross rent of $732.

Median housing costs per month
$520/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Oakwood
$732/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Oakwood

Oakwood education at a glance

About 64.8% of the population in Oakwood went to high school, while 17.2% pursued college studies. Another 6.8% earned an associate degree and 3.1% hold a bachelor’s. Meanwhile, 5.2% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 59 2.9% -14.5%
High school diploma 1,318 64.8% 29.6%
College diploma 349 17.2% -17.1%
Associate degree 139 6.8% 29.9%
Bachelor's degree 63 3.1% 80.0%
Graduate degree 105 5.2% 6.1%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Oakwood

How much people earn in Oakwood

The average annual household income in Oakwood was $61,158 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a -5.1% change from the previous year. At the same time, the median income stood at $43,980, reflecting a -2.5% shift over the same period.

Average household income in Oakwood
$61,158/year
-5.1% year-over-year change
Median household income in Oakwood
$43,980/year
-2.5% year-over-year change

Oakwood income by age

Those with someone between 45 and 64 in charge, often well established professionally, earn $55,385 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $49,286, while those led by someone over 65, many of whom may be retired, have about $42,895 in earnings. Overall, 84.8% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $49,286 N/A
45 - 64 $55,385 -5.7%
Over 65 $42,895 0.0%
Above poverty level
1,188
Below poverty level
213
Value Percent YoY
change
Above poverty level 1,188 84.8% 9.9%
Below poverty level 213 15.2% 18.3%

Employment in Oakwood

Workforce and job types in Oakwood

91% of the working population are employed in professional or administrative positions, while 9% are in hands-on or service-based jobs. Also, 2.5% run their own businesses, 57.3% are employed by private companies, and 39% work in the public sector.

Workforce demographics

White collar
394
Blue collar
39
Value Percent YoY change
White collar 394 91% 9.4%
Blue collar 39 9% -65.5%
Employer type
Self employees
2.5%
Private companies
57.3%
Governmental workers
39%
Not for profit companies
1.2%
Value Percent YoY change
Self employees 11 2.5% 37.5%
Private companies 248 57.3% -20.3%
Governmental workers 169 39% 13.4%
Not for profit companies 5 1.2% 0.0%

Transportation in Oakwood

How people get around in Oakwood

Commuting methods vary: 98.2% of residents travel by personal vehicle and 1.8% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 425 98.2% 5.5%
Walk 8 1.8% N/A
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Oakwood by zipcode?

Zipcode Population Number of households Median income Average income
24631 2,397 583 $43,980 $61,158

Explore more communities

FAQs about Oakwood demographics 

What is the total population of Oakwood?

Oakwood has a total population of 2,397 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +15.5% compared to a year ago.

What is the gender ratio in Oakwood?

The gender ratio in Oakwood is as follows:
  • 70.1% males (1,680 residents)
  • 29.9% females (717 residents)

What is the median age in Oakwood?

The median age in Oakwood is 41.6.

What is the age distribution of the population in Oakwood?

The age distribution in Oakwood is as follows:
  • Under 15: 10% (241 residents)
  • Ages 15-24: 15.5% (372 residents)
  • Ages 25-44: 32.5% (778 residents)
  • Ages 45-64: 25.7% (615 residents)
  • Over 65: 16.3% (391 residents)

What is the racial and ethnic makeup of Oakwood?

The racial and ethnic makeup of Oakwood is as follows:
  • White: 69.2% (1,658 residents)
  • Black or African American: 27% (647 residents)
  • American Indian and Alaska Native: 0% ( residents)
  • Asian: 0.9% (21 residents)
  • Native Hawaiian and Other Pacific Islander: 0% ( residents)
  • Two or More Races: 2.5% (60 residents)
  • Other: 0.5% (11 residents)

What percentage of the population in Oakwood are U.S.-born citizens?

U.S.-born citizens represent 98.1% of the population in Oakwood.

How many housing units are there in Oakwood?

There are 822 housing units in Oakwood, reflecting a +7.3% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Oakwood and what is the average household size?

Oakwood has a total of 583 households, with an average of 2 people in each.

What is the median household income in Oakwood?

Oakwood has a median household income of $43,980, representing a -2.5% shift from the previous year, according to the U.S. Census Bureau.

What is the job market overview for Oakwood?

Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 91% (394 residents)
  • Blue-collar workers: 9% (39 residents)

Places of employment:
  • Self-employed: 2.5% (11 residents)
  • Private companies: 57.3% (248 residents)
  • Governmental workers: 39% (169 residents)
  • Not-for-profit companies: 1.2% (5 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025