“The last couple of years the whole world has changed,” she said. Thank you for your support of Cardinal News. Support our journalism by making your tax-deductible gift now. Her July figures for sales covering the entire lake establish an average $1.05 million price for houses averaging 3,357 square feet.Ĭompare that to 2004 averages: $534,303 for 2,720 square feet. The Realtor has kept track of average single family waterfront property prices forever and published them since 2004.īeran has lived at the lake for 35 years with nearly three decades in real estate sales. To put numbers on the current splendor, meet real estate broker Deborah F. “If just the shoreline was its own little county it would be the richest county per capita in the state.” “The reason people don’t realize the wealth that is accumulated around this lake is because we are carved up into three counties,” he said. To put a finer piece of detail on the picture, Andy Bruns, executive director of the Smith Mountain Lake Regional Chamber of Commerce, posited that what’s going on here is so big, many cannot grasp what they’re seeing when they take in the entire lake area contained in its three home counties of Franklin, Bedford, and Pittsylvania. Courtesy of Eric Schmidt, GIS coordinator, Franklin County. With this wider geography, there are 67.090 people. Also, for the wider geography shown below, the median age is 47.9, further evidence that the lake area is more than a retirement community. Even the former is just slightly smaller than Waynesboro. For comparison purposes, that latter figure is in the neighborhood of Lynchburg, which is home to 79,009 people. Within about five miles of the water, there are 67,090 people, according to mapping done by Eric Schmidt, the GIS coordinator for Franklin County. Within about two miles of the water, there are 19,073 people, according to mapping done by Matt Miller of the Roanoke Regional Partnership. There are no formal, legal boundaries but census data and computer mapping can provide some numbers. So just how big is the Smith Mountain Lake community? That depends on how you measure it. Courtesy of Matt Miller, Roanoke Regional Partnership. The census counts 19,073 people within about two miles of the lake.
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