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Virginia · Census place 38280

Honaker town, VA

Quick answer

Honaker town has 1,218 residents, ranking #353 of 688 places in Virginia. Median household income is $44,107, the median home is worth $91,700 and median gross rent runs $628 a month.

Population
1,218Honaker town residents
Median household income
$44,107Past 12 months, inflation adjusted
Median home value
$91,700Owner-occupied units
Median gross rent
$628Rent plus utilities, monthly
Median age
40.5 yrsAll residents
Homeownership rate
67.7%Owner-occupied households

What the numbers mean in Honaker town

Housing cost measured against local earnings.

A household earning the Honaker town median would spend about 17.1% 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 2.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 22.7% of residents and 67.7% 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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