Lake Caroline, Virginia Demographics & Population 2026
During the 2020–2024 ACS period, Lake Caroline, Virginia had a total population of 2,862, the 248th largest community in Virginia, with a median household income of $73,000, which is 22% lower than the state average. The poverty rate is 23.1%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Lake Caroline Quick Facts
How Lake Caroline Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 2,708 | 2,862 | +5.7% |
| Median household income | $88,222 | $73,000 | -17.3% |
| Median home value | $291,300 | $297,600 | +2.2% |
How Lake Caroline Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A diverse community with significant representation from multiple racial and ethnic groups.
State average: 61 | National average: 61
Education
Educational Attainment (Adults 25+)
Lake Caroline Rankings in Virginia
Explore Virginia Rankings
Other Cities in Caroline County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Lake Land'Or | 4,390 | $94,348 | 3.4% | $302,500 |
| Bowling Green | 1,561 | $82,500 | 14.6% | $336,300 |
| Port Royal | 89 | N/A | 10.1% | $203,600 |
Cities Similar to Lake Caroline
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Pearisburg | 2,860 | $75,532 | $157,400 | 12.4% | 11.9% |
| Shenandoah | 2,888 | $71,458 | $212,600 | 7.9% | 14.2% |
| Crewe | 2,906 | $70,625 | $139,400 | 13.6% | 16.4% |
| Windsor | 2,852 | $68,661 | $280,800 | 17.2% | 11.7% |
| Blue Ridge | 2,800 | $75,871 | $274,500 | 22.7% | 2.5% |
Population Overview
Lake Caroline is a small community located in Virginia, within Caroline County. The total population is 2,862. It ranks as the 248th most populous out of 681 Census-designated places in Virginia.
Age Demographics
The median age in Lake Caroline is 32.0 years. This is 18% lower than the state median of 39.0 years. With 28.8% of the population under 18, Lake Caroline has a notably young demographic profile, suggesting a family-oriented community.
Economy, Income & Housing
The median household income in Lake Caroline is $73,000. This is 22% lower than the state median of $93,170. It is also 10% lower than the national median of $80,734. The poverty rate stands at 23.1%. This is 134% higher than the state poverty rate of 9.9%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The survey records no unemployed residents in Lake Caroline, which reflects the size of the sample rather than a labor market without joblessness. The median home value is $297,600. Housing costs are 22% lower than the state median of $383,700. The home-value-to-income ratio is 4.1x. 73.1% of occupied housing units are owner-occupied. This homeownership rate is 8% higher than the state average of 67.3%.
Race & Ethnicity
The largest racial or ethnic group in Lake Caroline is White (non-Hispanic), making up 51.6% of the population. Hispanic or Latino residents account for 28.2%. The Hispanic or Latino population is significantly higher than the state average (28.2% vs 11.0%).
Education
27.9% of residents aged 25 and older hold a bachelor's degree or higher. This is 34% lower than the state rate of 42.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 80.4%.
Data Sources & Methodology
All demographic data for Lake Caroline, Virginia is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Virginia state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 681 Census-designated places in Virginia. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Lake Caroline, Virginia?
Lake Caroline, Virginia has a population of 2,862 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Lake Caroline, VA?
The median household income in Lake Caroline is $73,000, which is 10% lower than the national median of $80,734.
What is the poverty rate in Lake Caroline, VA?
The poverty rate in Lake Caroline is 23.1%. This means approximately 661 residents live below the federal poverty line.
What is the racial makeup of Lake Caroline, Virginia?
Lake Caroline's population is 51.6% White, 15.6% Black, 28.2% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Lake Caroline, VA?
The median home value in Lake Caroline is $297,600. The home-value-to-income ratio is 4.1x.
How educated is Lake Caroline, Virginia?
27.9% of adults (25+) in Lake Caroline hold a bachelor's degree or higher, and 14.5% hold a graduate or professional degree.