Fancy Gap, VA
Population 243 · Virginia
About Fancy Gap, VA
Fancy Gap is a small community located in Virginia with a population of 243 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 47 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 Fancy Gap features a median home value of $0, which is 100% below the national median of $244,900. This makes Fancy Gap one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 224 total housing units, 25% are owner-occupied (24 units) and 75% are renter-occupied (73 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Fancy Gap shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Fancy Gap have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
0.0% of Fancy Gap residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Fancy Gap, VA
Compared to national averages, Fancy Gap has a median household income of $0 (100% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Virginia, Fancy Gap's income is 100% below the state average of $87,957, and home values are 100% below the state median of $327,514.
Why Live in Fancy Gap, VA?
Fancy Gap offers affordable housing with a median home value of $0, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 0.0%, better than the national average, and short commute times averaging just 0 minutes.
Potential considerations include median household income ($0) that falls below the national average. However, Fancy Gap’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Fancy Gap has a population of 243 with a median age of 47 years. Compare Fancy Gap with other cities to see how it stacks up, or explore all cities in Virginia.
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Economy & Education
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Other Cities in Virginia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Fancy Gap
What is the population of Fancy Gap, VA?
The population of Fancy Gap, VA is 243 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 Fancy Gap?
The median household income in Fancy Gap, VA is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in Fancy Gap?
The median home value in Fancy Gap, VA is $0, which is 100% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Fancy Gap?
The median monthly rent in Fancy Gap, VA is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Fancy Gap?
The unemployment rate in Fancy Gap, VA is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Fancy Gap, VA a good place to live?
Fancy Gap offers a moderate cost of living, affordable housing, and a strong job market. With a population of 243 and a median age of 47, the city appeals to established professionals and retirees.
How educated is Fancy Gap, VA?
0.0% of residents in Fancy Gap 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 Fancy Gap?
Key cost-of-living indicators for Fancy Gap, VA: median home value is $0 (100% below national), median rent is $0/month, and median household income is $0. The home-value-to-income ratio is NaNx, a moderate figure by national standards.
What is the poverty rate in Fancy Gap?
The poverty rate in Fancy Gap, VA is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Fancy Gap, VA?
Fancy Gap's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.