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Iron Gate, Virginia Demographics & Population 2026

During the 2020–2024 ACS period, Iron Gate, Virginia had a total population of 426, the 502nd largest town in Virginia, with a median household income of $70,000, which is 25% lower than the state average. The poverty rate is 10.4%.

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

Key Takeaways

Iron Gate Quick Facts

Population 426
Median Household Income $70,000
Median Home Value $84,600
Poverty Rate 10.4%
Unemployment Rate 16.9%
Median Age 39.8 years
Homeownership Rate 91.9%
Affordability Ratio 1.2x
Bachelor's Degree or Higher 13.1%
High School Graduation Rate 85.0%
Diversity Index 18/100
Population 426 502nd of 681
Median Income $70,000 average
Poverty Rate 10.4% 16% lower than national
Median Home Value $84,600 bottom 10%

How Iron Gate 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
Population408426+4.4%
Median household income$60,000$70,000+16.7%
Median home value$84,200$84,600+0.5%

How Iron Gate Compares

Economy & Housing

Household Income Distribution

Under $25K 24.2%
$25K-$50K 18.2%
$50K-$100K 18.2%
$100K+ 39.4%
Detailed income brackets
Under $10K
12.1%
$10K-$15K
1.5%
$15K-$20K
7.1%
$20K-$25K
3.5%
$25K-$30K
1.5%
$30K-$35K
11.6%
$35K-$40K
1.0%
$40K-$45K
1.0%
$45K-$50K
3.0%
$50K-$60K
4.5%
$60K-$75K
4.5%
$75K-$100K
9.1%
$100K-$125K
22.2%
$125K-$150K
10.1%
$150K-$200K
5.1%
$200K+
2.0%

Employment

16.9% Unemployment Rate State: 4.3%|National: 5.2%
55.1% Labor Force Participation

Housing Overview

Owner 91.9%
Renter 8.1%
Affordability Index Very Affordable
1.2x home value to income ratio
Median gross rent $715/mo 12.3% of median household income annually

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: 61 | National average: 61

Education

Iron Gate Rankings in Virginia

#502 Population of 681
#317 Median Income of 585
#534 Education of 680
#562 Home Value of 580

Other Cities in Alleghany County

CityPopulationMedian IncomePovertyHome Value
Clifton Forge 3,447 $40,000 15.1% $109,500
Mallow 537 $50,347 7.1% $110,100
Low Moor 430 $44,900 14.2% $99,000
Callaghan 198 $74,271 10.1% $141,700
Selma 146 N/A 34.3% $93,100
Cliftondale Park 86 $53,241 9.3% $109,300

Cities Similar to Iron Gate

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Phenix418$73,125$129,20014.6%25.4%
Rose Hill (Lee County)447N/AN/A13.0%39.8%
Parrott401N/AN/A8.5%19.6%
Lovingston455N/A$294,10031.9%26.0%
Bowmans Crossing420$62,404N/A0.0%0.0%

A note before these figures: with a population of 426, Iron Gate'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

Iron Gate is a small community located in Virginia, within Alleghany County. The total population is 426. It ranks as the 502nd most populous out of 681 Census-designated places in Virginia.

Age Demographics

The median age in Iron Gate is 39.8 years. This is 2% higher than the state median of 39.0 years. 10.3% 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 is $70,000. This is 25% lower than the state median of $93,170. It is also 13% lower than the national median of $80,734. The poverty rate stands at 10.4%. This is 5% higher than the state poverty rate of 9.9%. The unemployment rate is 16.9%. This is 296% higher than the state rate of 4.3%. The median home value is $84,600. Housing costs are 78% lower than the state median of $383,700. With a home-value-to-income ratio of just 1.2x, Iron Gate 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 67.3%.

Race & Ethnicity

Iron Gate has a predominantly White (non-Hispanic) population, comprising 90.1% of all residents. Black or African American residents account for 3.8%. The White (non-Hispanic) population is significantly higher than the state average (90.1% vs 58.4%). The Black or African American population (3.8%) is well below the state average of 18.3%. The Hispanic or Latino population (0.9%) is well below the state average of 11.0%.

Education

13.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 69% 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 85.0%.

Data Sources & Methodology

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

Iron Gate, Virginia has a population of 426 according to the most recent U.S. Census ACS 5-Year Estimates.

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

The median household income in Iron Gate is $70,000, which is 13% lower than the national median of $80,734.

What is the poverty rate in Iron Gate, VA?

The poverty rate in Iron Gate is 10.4%. This means approximately 44 residents live below the federal poverty line.

What is the racial makeup of Iron Gate, Virginia?

Iron Gate's population is 90.1% White, 3.8% Black, 0.9% Hispanic/Latino, and 0.0% Asian.

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

The median home value in Iron Gate is $84,600. The home-value-to-income ratio is 1.2x.

How educated is Iron Gate, Virginia?

13.1% of adults (25+) in Iron Gate hold a bachelor's degree or higher, and 3.9% hold a graduate or professional degree.