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Boones Mill town, Virginia Demographics & Population 2026

Very AffordableHome value to income ratio of 2.5x is exceptionally low

As of 2026, Boones Mill town, Virginia has a total population of 224, the 573rd largest city in Virginia, with a median household income of $74,625, which is 18% lower than the state average. The poverty rate is 3.1%.

Key Takeaways

Boones Mill town Quick Facts

Population 224
Median Household Income $74,625
Median Home Value $186,300
Poverty Rate 3.1%
Unemployment Rate 12.7%
Median Age 51.5 years
Homeownership Rate 79.8%
Affordability Ratio 2.5x
Bachelor's Degree or Higher 33.0%
High School Graduation Rate 88.5%
Diversity Index 9/100
Population 224 573rd of 681
Median Income $74,625 average
Poverty Rate 3.1% 75% lower national
Median Home Value $186,300 below average

How Boones Mill town Compares

Economy & Housing

Employment

12.7% Unemployment Rate State: 4.3% | National: 5.2%
71.8% Labor Force Participation

Housing Overview

Owner 79.8%
Renter 20.2%
Affordability Index Very Affordable
2.5x home value to income ratio

People & Demographics

Diversity Index

9out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 60 | National average: 60

Education

Boones Mill town Rankings in Virginia

#573 Population of 681
#276 Median Income of 681
#265 Education of 681
#386 Home Value of 681

Cities Similar to Boones Mill town

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Stickleyville CDP217N/AN/A11.9%31.8%
Pounding Mill CDP235N/A$96,4006.2%12.3%
McMullin CDP241N/A$152,8005.9%14.1%
Fancy Gap CDP243N/AN/A0.0%0.0%
Waterford CDP243N/A$1,016,30093.4%0.0%

Population Overview

Boones Mill town is a small community located in Virginia. The total population is 224. It ranks as the 573rd most populous out of 681 cities and towns in Virginia.

Age Demographics

The median age in Boones Mill town is 51.5 years. This is 33% higher than the state median of 38.8 years. Only 9.4% of residents are under 18, indicating fewer families with children. 11.2% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Boones Mill town is $74,625. This is 18% lower than the state median of $90,974. Compared to the national median of $78,538, household income here is 5% lower. The poverty rate stands at 3.1%. This is 69% lower than the state poverty rate of 9.9%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 12.7%. This is 195% higher than the state rate of 4.3%. The median home value is $186,300. Housing costs are 48% lower than the state median of $360,700. With a home-value-to-income ratio of just 2.5x, Boones Mill town is one of the most affordable housing markets in the area. 79.8% of occupied housing units are owner-occupied. This homeownership rate is 19% higher than the state average of 67.2%.

Race & Ethnicity

Boones Mill town has a predominantly White (non-Hispanic) population, comprising 95.1% of all residents. Black or African American residents account for 1.8%. The White (non-Hispanic) population is significantly higher than the state average (95.1% vs 59.0%). The Black or African American population (1.8%) is well below the state average of 18.4%.

Education

33.0% of residents aged 25 and older hold a bachelor's degree or higher. This is 21% lower than the state rate of 41.5%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 88.5%. Notably, 15.4% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Boones Mill town, Virginia is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. 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. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Boones Mill town, Virginia?

Boones Mill town, Virginia has a population of 224 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Boones Mill town, VA?

The median household income in Boones Mill town is $74,625, which is 5% lower the national median of $78,538.

What is the poverty rate in Boones Mill town, VA?

The poverty rate in Boones Mill town is 3.1%. This means approximately 7 residents live below the federal poverty line.

What is the racial makeup of Boones Mill town, Virginia?

Boones Mill town's population is 95.1% White, 1.8% Black, 0.0% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Boones Mill town, VA?

The median home value in Boones Mill town is $186,300. The home-value-to-income ratio is 2.5x.

How educated is Boones Mill town, Virginia?

33.0% of adults (25+) in Boones Mill town hold a bachelor's degree or higher, and 15.4% hold a graduate or professional degree.