Bracey, VA
Population 1,243 · Virginia
About Bracey, VA
Bracey is a small town located in Virginia with a population of 1,243 residents according to the latest US Census Bureau American Community Survey data. The median household income is $68,333 per year, which is 9% below the national median of $75,149. The median age of 61.6 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 Bracey features a median home value of $191,100, which is 22% below the national median of $244,900. This positions Bracey in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 2,064 total housing units, 88% are owner-occupied (608 units) and 12% are renter-occupied (80 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Bracey shows an unemployment rate of 5.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 2.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Bracey have an average one-way commute time of 24.7 minutes.
Education & Demographics
37.9% of Bracey 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 0.6% White, 3.7% 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 Bracey, VA
Compared to national averages, Bracey has a median household income of $68,333 (9% below the national median of $75,149). Home values average $191,100, which is 22% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Virginia, Bracey's income is 22% below the state average of $87,957, and home values are 42% below the state median of $327,514.
Why Live in Bracey, VA?
Bracey offers affordable housing with a median home value of $191,100, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a well-educated community where 37.9% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 2.0%, better than the national average, and short commute times averaging just 24.7 minutes.
Potential considerations include median household income ($68,333) that falls below the national average. However, Bracey’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Bracey has a population of 1,243 with a median age of 61.6 years. Compare Bracey with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Bracey
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Harriston | 1,252 | $91,625 | $149,100 | Compare |
| Glasgow | 1,253 | $50,625 | $117,100 | Compare |
| Penhook | 1,253 | $99,176 | $476,500 | Compare |
| Honaker | 1,218 | $44,107 | $91,700 | Compare |
| Earlysville | 1,217 | $143,500 | $414,600 | Compare |
| Buchanan | 1,271 | $52,474 | $201,900 | Compare |
| Rio | 1,213 | $65,703 | $0 | Compare |
| Brookneal | 1,275 | $45,909 | $115,000 | Compare |
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 Bracey With Other Cities
Frequently Asked Questions about Bracey
What is the population of Bracey, VA?
The population of Bracey, VA is 1,243 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Virginia.
What is the median household income in Bracey?
The median household income in Bracey, VA is $68,333 per year, which is 9% below the national median of $75,149.
What is the median home value in Bracey?
The median home value in Bracey, VA is $191,100, which is 22% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Bracey?
The median monthly rent in Bracey, VA is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Bracey?
The unemployment rate in Bracey, VA is 5.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Bracey, VA a good place to live?
Bracey offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,243 and a median age of 61.6, the city appeals to established professionals and retirees.
How educated is Bracey, VA?
37.9% of residents in Bracey aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Bracey?
Key cost-of-living indicators for Bracey, VA: median home value is $191,100 (22% below national), median rent is $0/month, and median household income is $68,333. The home-value-to-income ratio is 2.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Bracey?
The poverty rate in Bracey, VA is 2.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Bracey, VA?
Bracey's population is 0.6% White, 3.7% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 6.8% two or more races. 1.3% of residents are foreign-born.