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Virginia · Census place 08584

Boones Mill town, VA

Quick answer

Boones Mill town has 224 residents, ranking #573 of 688 places in Virginia. Median household income is $74,625, the median home is worth $186,300 and median gross rent runs $929 a month.

Population
224Boones Mill town residents
Median household income
$74,625Past 12 months, inflation adjusted
Median home value
$186,300Owner-occupied units
Median gross rent
$929Rent plus utilities, monthly
Median age
51.5 yrsAll residents
Homeownership rate
79.8%Owner-occupied households

What the numbers mean in Boones Mill town

Housing cost measured against local earnings.

A household earning the Boones Mill town median would spend about 14.9% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 3.1% of residents and 79.8% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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