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Iron Gate town, Virginia Demographics & Population 2026

Very AffordableHome value to income ratio of 1.4x is exceptionally low

As of 2026, Iron Gate town, Virginia has a total population of 408, the 501st largest city in Virginia, with a median household income of $60,000, which is 34% lower than the state average. The poverty rate is 12.7%.

Key Takeaways

Iron Gate town Quick Facts

Population 408
Median Household Income $60,000
Median Home Value $84,200
Poverty Rate 12.7%
Unemployment Rate 18.8%
Median Age 41.4 years
Homeownership Rate 91.9%
Affordability Ratio 1.4x
Bachelor's Degree or Higher 11.5%
High School Graduation Rate 83.2%
Diversity Index 18/100
Population 408 501st of 681
Median Income $60,000 below average
Poverty Rate 12.7% 2% higher national
Median Home Value $84,200 bottom 10%

How Iron Gate town Compares

Economy & Housing

Employment

18.8% Unemployment Rate State: 4.3% | National: 5.2%
53.1% Labor Force Participation

Housing Overview

Owner 91.9%
Renter 8.1%
Affordability Index Very Affordable
1.4x home value to income ratio

People & Demographics

Diversity Index

18out 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

Iron Gate town Rankings in Virginia

#501 Population of 681
#365 Median Income of 681
#538 Education of 681
#566 Home Value of 681

Cities Similar to Iron Gate town

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Mappsville CDP403N/AN/A0.0%33.8%
Parrott CDP414N/A$82,4009.8%19.8%
Deerfield CDP415N/A$159,20027.2%0.0%
Low Moor CDP396N/A$122,1005.4%9.9%
Big Stone Gap East CDP430N/A$168,10011.9%30.2%

Population Overview

Iron Gate town is a small community located in Virginia. The total population is 408. It ranks as the 501st most populous out of 681 cities and towns in Virginia.

Age Demographics

The median age in Iron Gate town is 41.4 years. This is 7% higher than the state median of 38.8 years. 10.5% 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 Iron Gate town is $60,000. This is 34% lower than the state median of $90,974. Compared to the national median of $78,538, household income here is 24% lower. The poverty rate stands at 12.7%. This is 28% higher than the state poverty rate of 9.9%. The unemployment rate is 18.8%. This is 338% higher than the state rate of 4.3%. The median home value is $84,200. Housing costs are 77% lower than the state median of $360,700. With a home-value-to-income ratio of just 1.4x, Iron Gate town is one of the most affordable housing markets in the area. 91.9% of occupied housing units are owner-occupied. This homeownership rate is 37% higher than the state average of 67.2%.

Race & Ethnicity

Iron Gate town has a predominantly White (non-Hispanic) population, comprising 90.2% of all residents. Black or African American residents account for 6.4%. The White (non-Hispanic) population is significantly higher than the state average (90.2% vs 59.0%). The Black or African American population (6.4%) is well below the state average of 18.4%. The Hispanic or Latino population (0.7%) is well below the state average of 10.7%.

Education

11.5% of residents aged 25 and older hold a bachelor's degree or higher. This is 72% 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 83.2%.

Data Sources & Methodology

All demographic data for Iron Gate 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 Iron Gate town, Virginia?

Iron Gate town, Virginia has a population of 408 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Iron Gate town, VA?

The median household income in Iron Gate town is $60,000, which is 24% lower the national median of $78,538.

What is the poverty rate in Iron Gate town, VA?

The poverty rate in Iron Gate town is 12.7%. This means approximately 51 residents live below the federal poverty line.

What is the racial makeup of Iron Gate town, Virginia?

Iron Gate town's population is 90.2% White, 6.4% Black, 0.7% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Iron Gate town, VA?

The median home value in Iron Gate town is $84,200. The home-value-to-income ratio is 1.4x.

How educated is Iron Gate town, Virginia?

11.5% of adults (25+) in Iron Gate town hold a bachelor's degree or higher, and 2.4% hold a graduate or professional degree.