Interested in purchasing investment houses in the 22503 zip code in Lancaster, VA?
The zip code 22503 is in Lancaster county with a latitude of -76.502150000000 and longitude of 37.762270000000, is in the state of Virginia. The average asking price of houses and condos is $300,913.00 and the average sale price was $347,069.00. this regions is classified as the Richmond metro area and is in the 804 area code. The location in degrees is 37° 45' 44.172" N, 76° 30' 7.74" W. The county F.I.P.S. is 51103. The total land area is 88.0 square miles and the water area is 27.5 square miles. The elevation in this area is 0 - 95 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 22503 is in county number 103 and is L. Sector 00, L. Segment 01, H. Sector 15, and H. Segment 15. The population was 3,242 in 2019 and 4,334 in 2010. This further breaks down to 1,531 males (47.2%) and 1,711 females (52.8%). The median age of residents is 60.7 years. The population density (people per square mile) is 37. This zip code has a combined total of 2,960 houses and condos. There are 266 rented appartments. 16% of residents rent versus the 16% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $54,424 and the average salary is $36,999. The median household income of individuals is $33,614.00 and the average is $64,360.00. This zip code has a mean commute time to work of 33.0 minutes. The unemployment rate is 4.4%. Income earners by percent breakdown as 65.10% (Under $50,000), 24.30% ($50,000-$100,000), and 10.60% earn over $100,000. 9.7% of residents live below poverty line versus the 9.9% in the state that are below this line. The cost of living index is 85.6. The educational breakdown is 93.8% have a high school education or higher, 36.3% have a bachelor's degree or higher, and 17.8% have some kind of profesional degree.
This area has 1,938 households and the average size is 1.9 people. Individuals who are single and have never been married are 19.9%, 58.9% are now married, 1.1% are separated, 9.8% are widowed, and 10.4% are divorced. The average yearly contribution amount given by people to charity was $4,144 versus the state average of $4,443. The percent of residents who gave to charity was 27.0%.
The estimated median value of houses and condos is $306,624. The median monthly owner costs of mortgage holders was $1,528, where as the costs for those who don't have a mortgage are $465. The median number of rooms in houses and condos are 6.6 versus apartments which had a median number of 4.8.
The real estate tax percent rate is 0.6% which equated to an average real estate tax amount payment of $1,740. In comparision, the average real estate tax percent rate in the state is 0.8% which equated to an average real estate tax amount payment in the state of $2,322. The median housing property tax percent for residents with mortgages was 0.5% which amounted to an average tax amount of $1,420. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.7% which amounted to an average tax amount of $2,178. Reported taxable interest for persons was $1,677, dividends $9,068, capital gains +$9,764, and itemized deductions $24,298. The average earned income tax credit is $2,380. The percent of individuals that use a tax preparer is 54.1%. The total average income taxes paid by individuals was $7,335. Businesses reported an average profit of $6,208.
Upper Deck Crab & Rib House
1947 Rocky Neck Rd, Lancaster, VA 22503
Lancaster Tavern B & B Restaurant
8373 Mary Ball Rd, Lancaster, VA 22503
Oaks Restaurant
5434 Mary Ball Rd, Lancaster, VA 22503
Net Cruisers Cafe
8872 Mary Ball Rd, Lancaster, VA 22503