Broadway, VA
Population 4,221 · Virginia
About Broadway, VA
Broadway is a small town located in Virginia with a population of 4,221 residents according to the latest US Census Bureau American Community Survey data. The median household income is $61,685 per year, which is 18% below the national median of $75,149. The median age of 39 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Broadway features a median home value of $264,900, which is 8% above the national median of $244,900. This positions Broadway in a moderately priced market relative to the rest of the country. Median monthly rent is $1,018, 12% below the national average of $1,163/month. Of the 1,946 total housing units, 61% are owner-occupied (1,126 units) and 39% are renter-occupied (705 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Broadway shows an unemployment rate of 2.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 12.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Broadway have an average one-way commute time of 23.9 minutes.
Education & Demographics
24.7% of Broadway 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 5.9% White, 0.8% Hispanic or Latino, 2.0% Black or African American, and 4.5% Asian residents, with 9.6% of the population being foreign-born.
Cost of Living in Broadway, VA
Compared to national averages, Broadway has a median household income of $61,685 (18% below the national median of $75,149). Home values average $264,900, which is 8% above the national median. Monthly rent at $1,018 is 12% below the US average of $1,163. Within Virginia, Broadway's income is 30% below the state average of $87,957, and home values are 19% below the state median of $327,514.
Why Live in Broadway, VA?
Broadway offers rent that’s lower than the national average at $1,018/month, and a strong job market with an unemployment rate of just 2.4%, and a low poverty rate of 12.0%, better than the national average. Additionally, the city features short commute times averaging just 23.9 minutes.
Potential considerations include median household income ($61,685) that falls below the national average. However, Broadway’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Broadway has a population of 4,221 with a median age of 39 years. Compare Broadway with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Broadway
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| County Center | 4,233 | $180,825 | $550,000 | Compare |
| Kings Park | 4,206 | $171,436 | $623,700 | Compare |
| Hayfield | 4,252 | $192,813 | $653,700 | Compare |
| Verona | 4,274 | $68,319 | $231,300 | Compare |
| Mount Hermon | 4,326 | $82,986 | $191,400 | Compare |
| Pantops | 4,328 | $114,107 | $497,000 | Compare |
| University Center | 4,107 | $112,000 | $477,800 | Compare |
| Union Mill | 4,351 | $245,265 | $942,400 | 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 Broadway With Other Cities
Frequently Asked Questions about Broadway
What is the population of Broadway, VA?
The population of Broadway, VA is 4,221 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 Broadway?
The median household income in Broadway, VA is $61,685 per year, which is 18% below the national median of $75,149.
What is the median home value in Broadway?
The median home value in Broadway, VA is $264,900, which is 8% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Broadway?
The median monthly rent in Broadway, VA is $1,018, which is 12% below the national average of $1,163/month.
What is the unemployment rate in Broadway?
The unemployment rate in Broadway, VA is 2.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Broadway, VA a good place to live?
Broadway offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 4,221 and a median age of 39, the city appeals to a broad range of residents.
How educated is Broadway, VA?
24.7% of residents in Broadway 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 Broadway?
Key cost-of-living indicators for Broadway, VA: median home value is $264,900 (8% above national), median rent is $1,018/month, and median household income is $61,685. The home-value-to-income ratio is 4.3x, a moderate figure by national standards.
What is the poverty rate in Broadway?
The poverty rate in Broadway, VA is 12.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Broadway, VA?
Broadway's population is 5.9% White, 0.8% Hispanic or Latino, 2.0% Black or African American, 4.5% Asian, and 0.0% two or more races. 9.6% of residents are foreign-born.