Cloverdale, VA
Population 3,095 · Virginia
About Cloverdale, VA
Cloverdale is a small town located in Virginia with a population of 3,095 residents according to the latest US Census Bureau American Community Survey data. The median household income is $71,929 per year, which is 4% below the national median of $75,149. The median age of 54.7 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 Cloverdale features a median home value of $338,000, which is 38% above the national median of $244,900. This positions Cloverdale in a moderately priced market relative to the rest of the country. Median monthly rent is $889, 24% below the national average of $1,163/month. Of the 1,548 total housing units, 72% are owner-occupied (1,004 units) and 28% are renter-occupied (387 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Cloverdale shows an unemployment rate of 3.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Cloverdale have an average one-way commute time of 17.7 minutes, one of the shorter commutes in the region.
Education & Demographics
28.3% of Cloverdale 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 0.5% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.3% of the population being foreign-born.
Cost of Living in Cloverdale, VA
Compared to national averages, Cloverdale has a median household income of $71,929 (4% below the national median of $75,149). Home values average $338,000, which is 38% above the national median. Monthly rent at $889 is 24% below the US average of $1,163. Within Virginia, Cloverdale's income is 18% below the state average of $87,957, and home values are 3% above the state median of $327,514.
Why Live in Cloverdale, VA?
Cloverdale offers rent that’s lower than the national average at $889/month, and a strong job market with an unemployment rate of just 3.2%, and a low poverty rate of 5.0%, better than the national average. Additionally, the city features short commute times averaging just 17.7 minutes.
Potential considerations include median household income ($71,929) that falls below the national average. However, Cloverdale’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Cloverdale has a population of 3,095 with a median age of 54.7 years. Compare Cloverdale with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Cloverdale
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Blue Ridge | 3,112 | $83,113 | $247,900 | Compare |
| One Loudoun | 3,126 | $250,001 | $843,000 | Compare |
| Shenandoah | 3,131 | $68,594 | $187,300 | Compare |
| Lebanon | 3,133 | $57,578 | $161,900 | Compare |
| Daleville | 3,166 | $99,028 | $340,300 | Compare |
| Timberville | 2,998 | $56,837 | $211,500 | Compare |
| Marshall | 3,213 | $98,702 | $411,700 | Compare |
| Elkton | 2,973 | $61,385 | $232,300 | 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 Cloverdale With Other Cities
Frequently Asked Questions about Cloverdale
What is the population of Cloverdale, VA?
The population of Cloverdale, VA is 3,095 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 Cloverdale?
The median household income in Cloverdale, VA is $71,929 per year, which is 4% below the national median of $75,149.
What is the median home value in Cloverdale?
The median home value in Cloverdale, VA is $338,000, which is 38% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cloverdale?
The median monthly rent in Cloverdale, VA is $889, which is 24% below the national average of $1,163/month.
What is the unemployment rate in Cloverdale?
The unemployment rate in Cloverdale, VA is 3.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Cloverdale, VA a good place to live?
Cloverdale offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 3,095 and a median age of 54.7, the city appeals to established professionals and retirees.
How educated is Cloverdale, VA?
28.3% of residents in Cloverdale 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 Cloverdale?
Key cost-of-living indicators for Cloverdale, VA: median home value is $338,000 (38% above national), median rent is $889/month, and median household income is $71,929. The home-value-to-income ratio is 4.7x, a moderate figure by national standards.
What is the poverty rate in Cloverdale?
The poverty rate in Cloverdale, VA is 5.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Cloverdale, VA?
Cloverdale's population is 0.5% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 8.0% two or more races. 2.3% of residents are foreign-born.