New Virginia, IA
Population 513 · Iowa
About New Virginia, IA
New Virginia is a small community in Iowa with a population of 513 residents. The median household income is $75,875 per year, which is above the national average. The median age in New Virginia is 31.7 years.
Housing in New Virginia has a median home value of $168,100 and median monthly rent of $1,054. Of the 185 total housing units, the majority are owner-occupied, with 129 owner-occupied and 48 renter-occupied units.
The unemployment rate in New Virginia is 0.0% and the poverty rate is 2.7%. 26.5% of residents hold a bachelor's degree or higher. The average commute time is 28.9 minutes.
Cost of Living in New Virginia, IA
Compared to national averages, New Virginia has a median household income of $75,875 (1% above the national median of $75,149). Home values average $168,100, which is 31% below the national median. Monthly rent at $1,054 is 9% below the US average of $1,163. Within Iowa, New Virginia's income is 12% above the state average of $67,947, and home values are 27% above the state median of $132,237.
Why Live in New Virginia, IA?
New Virginia offers a strong local economy with a median household income of $75,875, well above the national average, and affordable housing with a median home value of $168,100, below the US average of $244,900, and rent that’s lower than the national average at $1,054/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 2.7%, better than the national average.
New Virginia has a population of 513 with a median age of 31.7 years. Compare New Virginia with other cities to see how it stacks up, or explore all cities in Iowa.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about New Virginia
What is the population of New Virginia, IA?
The population of New Virginia, IA is 513 according to the latest Census data.
What is the median household income in New Virginia?
The median household income in New Virginia, IA is $75,875 per year.
What is the median home value in New Virginia?
The median home value in New Virginia, IA is $168,100.
What is the average rent in New Virginia?
The median monthly rent in New Virginia, IA is $1,054.
What is the unemployment rate in New Virginia?
The unemployment rate in New Virginia, IA is 0.0%.