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Boones Mill, Virginia Demographics & Population 2026

During the 2020–2024 ACS period, Boones Mill, Virginia had a total population of 228, the 565th largest town in Virginia, with a median household income of $75,972, which is 18% lower than the state average. The poverty rate is 4.0%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Boones Mill Quick Facts

Population 228
Median Household Income $75,972
Median Home Value $208,300
Poverty Rate 4.0%
Unemployment Rate 11.4%
Median Age 49.2 years
Homeownership Rate 80.7%
Affordability Ratio 2.7x
Bachelor's Degree or Higher 37.0%
High School Graduation Rate 90.8%
Diversity Index 12/100
Population 228 565th of 681
Median Income $75,972 average
Poverty Rate 4.0% 68% lower than national
Median Home Value $208,300 below average

How Boones Mill Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population224228+1.8%
Median household income$74,625$75,972+1.8%
Median home value$186,300$208,300+11.8%

How Boones Mill Compares

Economy & Housing

Household Income Distribution

Under $25K 15.6%
$25K-$50K 14.7%
$50K-$100K 39.5%
$100K+ 30.3%
Detailed income brackets
Under $10K
1.8%
$10K-$15K
0.9%
$15K-$20K
11.9%
$20K-$25K
0.9%
$25K-$30K
1.8%
$30K-$35K
0.0%
$35K-$40K
7.3%
$40K-$45K
1.8%
$45K-$50K
3.7%
$50K-$60K
12.8%
$60K-$75K
3.7%
$75K-$100K
22.9%
$100K-$125K
6.4%
$125K-$150K
2.8%
$150K-$200K
20.2%
$200K+
0.9%

Employment

11.4% Unemployment Rate State: 4.3%|National: 5.2%
68.3% Labor Force Participation

Housing Overview

Owner 80.7%
Renter 19.3%
Affordability Index Very Affordable
2.7x home value to income ratio
Median gross rent $925/mo 14.6% of median household income annually

People & Demographics

Diversity Index

12out of 100
Very Low Diversity

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

State average: 61 | National average: 61

Education

Boones Mill Rankings in Virginia

#565 Population of 681
#277 Median Income of 585
#234 Education of 680
#381 Home Value of 580

Other Cities in Franklin County

CityPopulationMedian IncomePovertyHome Value
Rocky Mount 4,950 $63,280 18.6% $207,000
North Shore 3,638 $109,951 10.3% $504,400
Westlake Corner 2,033 $95,000 5.8% $499,000
Ferrum 1,774 $40,435 37.1% $188,900
Union Hall 1,445 $103,125 4.4% $694,100
Penhook 1,250 $108,750 0.4% $543,000
Henry Fork 805 $70,150 2.9% N/A

Cities Similar to Boones Mill

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Pounding Mill222N/AN/A8.0%4.0%
Waterford220N/A$1,079,700100.0%0.0%
Saxis218N/A$98,4004.1%41.7%
Fairview240N/AN/A8.0%33.6%
Eastville254$77,917$260,90035.7%15.8%

A note before these figures: with a population of 228, Boones Mill's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.

Population Overview

Boones Mill is a small community located in Virginia, within Franklin County. The total population is 228. It ranks as the 565th most populous out of 681 Census-designated places in Virginia.

Age Demographics

The median age in Boones Mill is 49.2 years. This is 26% higher than the state median of 39.0 years. Only 12.7% of residents are under 18, indicating fewer families with children. 13.2% 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 is $75,972. This is 18% lower than the state median of $93,170. It is also 6% lower than the national median of $80,734. The poverty rate stands at 4.0%. This is 60% 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 11.4%. This is 168% higher than the state rate of 4.3%. The median home value is $208,300. Housing costs are 46% lower than the state median of $383,700. With a home-value-to-income ratio of just 2.7x, Boones Mill is one of the most affordable housing markets in the area. 80.7% of occupied housing units are owner-occupied. This homeownership rate is 20% higher than the state average of 67.3%.

Race & Ethnicity

Boones Mill has a predominantly White (non-Hispanic) population, comprising 93.4% of all residents. Black or African American residents account for 0.9%. The White (non-Hispanic) population is significantly higher than the state average (93.4% vs 58.4%). The Black or African American population (0.9%) is well below the state average of 18.3%.

Education

37.0% of residents aged 25 and older hold a bachelor's degree or higher. This is 12% 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 90.8%.

Data Sources & Methodology

All demographic data for Boones Mill, 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 Boones Mill, Virginia?

Boones Mill, Virginia has a population of 228 according to the most recent U.S. Census ACS 5-Year Estimates.

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

The median household income in Boones Mill is $75,972, which is 6% lower than the national median of $80,734.

What is the poverty rate in Boones Mill, VA?

The poverty rate in Boones Mill is 4.0%. This means approximately 9 residents live below the federal poverty line.

What is the racial makeup of Boones Mill, Virginia?

Boones Mill's population is 93.4% White, 0.9% Black, 0.0% Hispanic/Latino, and 0.0% Asian.

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

The median home value in Boones Mill is $208,300. The home-value-to-income ratio is 2.7x.

How educated is Boones Mill, Virginia?

37.0% of adults (25+) in Boones Mill hold a bachelor's degree or higher, and 13.6% hold a graduate or professional degree.