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Virginia · Census place 56096

Newsoms town, VA

Quick answer

Newsoms town has 296 residents, ranking #533 of 688 places in Virginia. Median household income is $52,639, the median home is worth $151,700 and median gross rent runs $1,042 a month.

Population
296Newsoms town residents
Median household income
$52,639Past 12 months, inflation adjusted
Median home value
$151,700Owner-occupied units
Median gross rent
$1,042Rent plus utilities, monthly
Median age
43.7 yrsAll residents
Homeownership rate
75.5%Owner-occupied households

What the numbers mean in Newsoms town

Housing cost measured against local earnings.

A household earning the Newsoms town median would spend about 23.8% 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 2.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 10.8% of residents and 75.5% 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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