Carrollton, VA
Population 7,903 · Virginia
About Carrollton, VA
Carrollton is a small town located in Virginia with a population of 7,903 residents according to the latest US Census Bureau American Community Survey data. The median household income is $113,813 per year, which is 51% above the national median of $75,149. The median age of 38.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Carrollton features a median home value of $381,900, which is 56% above the national median of $244,900. This places Carrollton in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,793, 54% above the national average of $1,163/month. Of the 3,254 total housing units, 70% are owner-occupied (2,131 units) and 30% are renter-occupied (908 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Carrollton shows an unemployment rate of 9.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 4.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Carrollton have an average one-way commute time of 25.5 minutes.
Education & Demographics
42.4% of Carrollton 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 3.9% White, 2.2% Hispanic or Latino, 0.6% Black or African American, and 2.6% Asian residents, with 4.4% of the population being foreign-born.
Cost of Living in Carrollton, VA
Compared to national averages, Carrollton has a median household income of $113,813 (51% above the national median of $75,149). Home values average $381,900, which is 56% above the national median. Monthly rent at $1,793 is 54% above the US average of $1,163. Within Virginia, Carrollton's income is 29% above the state average of $87,957, and home values are 17% above the state median of $327,514.
Why Live in Carrollton, VA?
Carrollton offers a strong local economy with a median household income of $113,813, well above the national average, and a well-educated community where 42.4% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.1%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $381,900. However, Carrollton’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Carrollton has a population of 7,903 with a median age of 38.5 years. Compare Carrollton with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Carrollton
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| South Boston | 7,896 | $41,102 | $157,300 | Compare |
| Greenbriar | 7,989 | $134,284 | $627,600 | Compare |
| Vinton | 8,038 | $64,643 | $179,400 | Compare |
| Fort Belvoir | 8,107 | $101,237 | $244,400 | Compare |
| Ashland | 7,667 | $65,000 | $272,600 | Compare |
| Collinsville | 7,645 | $50,465 | $123,500 | Compare |
| Lake of the Woods | 8,165 | $112,917 | $377,500 | Compare |
| Farmville | 7,613 | $40,282 | $223,700 | 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 Carrollton With Other Cities
Frequently Asked Questions about Carrollton
What is the population of Carrollton, VA?
The population of Carrollton, VA is 7,903 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 Carrollton?
The median household income in Carrollton, VA is $113,813 per year, which is 51% above the national median of $75,149.
What is the median home value in Carrollton?
The median home value in Carrollton, VA is $381,900, which is 56% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Carrollton?
The median monthly rent in Carrollton, VA is $1,793, which is 54% above the national average of $1,163/month.
What is the unemployment rate in Carrollton?
The unemployment rate in Carrollton, VA is 9.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Carrollton, VA a good place to live?
Carrollton offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 7,903 and a median age of 38.5, the city appeals to a broad range of residents.
How educated is Carrollton, VA?
42.4% of residents in Carrollton 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 Carrollton?
Key cost-of-living indicators for Carrollton, VA: median home value is $381,900 (56% above national), median rent is $1,793/month, and median household income is $113,813. The home-value-to-income ratio is 3.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Carrollton?
The poverty rate in Carrollton, VA is 4.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Carrollton, VA?
Carrollton's population is 3.9% White, 2.2% Hispanic or Latino, 0.6% Black or African American, 2.6% Asian, and 21.2% two or more races. 4.4% of residents are foreign-born.