Boones Mill, VA
Population 224 · Virginia
About Boones Mill, VA
Boones Mill is a small community located in Virginia with a population of 224 residents according to the latest US Census Bureau American Community Survey data. The median household income is $74,625 per year, which is 1% below the national median of $75,149. The median age of 51.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Boones Mill features a median home value of $186,300, which is 24% below the national median of $244,900. This positions Boones Mill in a moderately priced market relative to the rest of the country. Median monthly rent is $929, 20% below the national average of $1,163/month. Of the 110 total housing units, 80% are owner-occupied (87 units) and 20% are renter-occupied (22 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Boones Mill shows an unemployment rate of 12.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 3.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Boones Mill have an average one-way commute time of 26.6 minutes.
Education & Demographics
33.0% of Boones Mill residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 3.1% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.3% of the population being foreign-born.
Cost of Living in Boones Mill, VA
Compared to national averages, Boones Mill has a median household income of $74,625 (1% below the national median of $75,149). Home values average $186,300, which is 24% below the national median. Monthly rent at $929 is 20% below the US average of $1,163. Within Virginia, Boones Mill's income is 15% below the state average of $87,957, and home values are 43% below the state median of $327,514.
Why Live in Boones Mill, VA?
Boones Mill offers affordable housing with a median home value of $186,300, below the US average of $244,900, and rent that’s lower than the national average at $929/month, and a low poverty rate of 3.1%, better than the national average.
Potential considerations include median household income ($74,625) that falls below the national average. However, Boones Mill’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Boones Mill has a population of 224 with a median age of 51.5 years. Compare Boones Mill with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Boones Mill
Cities in Virginia with a similar population size.
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Virginia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Boones Mill With Other Cities
Frequently Asked Questions about Boones Mill
What is the population of Boones Mill, VA?
The population of Boones Mill, VA is 224 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Virginia.
What is the median household income in Boones Mill?
The median household income in Boones Mill, VA is $74,625 per year, which is 1% below the national median of $75,149.
What is the median home value in Boones Mill?
The median home value in Boones Mill, VA is $186,300, which is 24% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Boones Mill?
The median monthly rent in Boones Mill, VA is $929, which is 20% below the national average of $1,163/month.
What is the unemployment rate in Boones Mill?
The unemployment rate in Boones Mill, VA is 12.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Boones Mill, VA a good place to live?
Boones Mill offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 224 and a median age of 51.5, the city appeals to established professionals and retirees.
How educated is Boones Mill, VA?
33.0% of residents in Boones Mill aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Boones Mill?
Key cost-of-living indicators for Boones Mill, VA: median home value is $186,300 (24% below national), median rent is $929/month, and median household income is $74,625. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Boones Mill?
The poverty rate in Boones Mill, VA is 3.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Boones Mill, VA?
Boones Mill's population is 0.0% White, 3.1% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 1.8% two or more races. 1.3% of residents are foreign-born.