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
- Housing is very affordable with a home-value-to-income ratio of just 1.2x.
- Unemployment rate of 16.9% is notably above the national average.
Iron Gate Quick Facts
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.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 408 | 426 | +4.4% |
| Median household income | $60,000 | $70,000 | +16.7% |
| Median home value | $84,200 | $84,600 | +0.5% |
How Iron Gate Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 61 | National average: 61
Education
Educational Attainment (Adults 25+)
Iron Gate Rankings in Virginia
Explore Virginia Rankings
Other Cities in Alleghany County
| City | Population | Median Income | Poverty | Home 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.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Phenix | 418 | $73,125 | $129,200 | 14.6% | 25.4% |
| Rose Hill (Lee County) | 447 | N/A | N/A | 13.0% | 39.8% |
| Parrott | 401 | N/A | N/A | 8.5% | 19.6% |
| Lovingston | 455 | N/A | $294,100 | 31.9% | 26.0% |
| Bowmans Crossing | 420 | $62,404 | N/A | 0.0% | 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.