Floyd, VA
Population 510 · Virginia
About Floyd, VA
Floyd is a small community located in Virginia with a population of 510 residents according to the latest US Census Bureau American Community Survey data. The median household income is $62,283 per year, which is 17% below the national median of $75,149. The median age of 55.2 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 Floyd features a median home value of $239,800, which is 2% below the national median of $244,900. This positions Floyd in a moderately priced market relative to the rest of the country. Median monthly rent is $717, 38% below the national average of $1,163/month. Of the 322 total housing units, 61% are owner-occupied (160 units) and 39% are renter-occupied (102 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Floyd shows an unemployment rate of 1.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 13.5%, above the national average of 12.4%. Workers in Floyd have an average one-way commute time of 12.2 minutes, one of the shorter commutes in the region.
Education & Demographics
36.8% of Floyd 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 0.0% White, 0.0% Hispanic or Latino, 7.3% Black or African American, and 1.0% Asian residents, with 1.0% of the population being foreign-born.
How Floyd Ranks in Virginia
Cost of Living in Floyd, VA
Compared to national averages, Floyd has a median household income of $62,283 (17% below the national median of $75,149). Home values average $239,800, which is 2% below the national median. Monthly rent at $717 is 38% below the US average of $1,163. Within Virginia, Floyd's income is 29% below the state average of $87,957, and home values are 27% below the state median of $327,514.
Why Live in Floyd, VA?
Floyd offers affordable housing with a median home value of $239,800, below the US average of $244,900, and rent that’s lower than the national average at $717/month, and a strong job market with an unemployment rate of just 1.3%. Additionally, the city features a well-educated community where 36.8% of residents hold a bachelor’s degree or higher, and short commute times averaging just 12.2 minutes.
Potential considerations include median household income ($62,283) that falls below the national average. However, Floyd’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Floyd has a population of 510 with a median age of 55.2 years. Compare Floyd with other cities to see how it stacks up, or explore all cities in Virginia.
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Demographics
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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 Floyd
What is the population of Floyd, VA?
The population of Floyd, VA is 510 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 Floyd?
The median household income in Floyd, VA is $62,283 per year, which is 17% below the national median of $75,149.
What is the median home value in Floyd?
The median home value in Floyd, VA is $239,800, which is 2% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Floyd?
The median monthly rent in Floyd, VA is $717, which is 38% below the national average of $1,163/month.
What is the unemployment rate in Floyd?
The unemployment rate in Floyd, VA is 1.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Floyd, VA a good place to live?
Floyd offers a moderate cost of living, affordable housing, and a strong job market. With a population of 510 and a median age of 55.2, the city appeals to established professionals and retirees.
How educated is Floyd, VA?
36.8% of residents in Floyd 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 Floyd?
Key cost-of-living indicators for Floyd, VA: median home value is $239,800 (2% below national), median rent is $717/month, and median household income is $62,283. The home-value-to-income ratio is 3.9x, a moderate figure by national standards.
What is the poverty rate in Floyd?
The poverty rate in Floyd, VA is 13.5%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Floyd, VA?
Floyd's population is 0.0% White, 0.0% Hispanic or Latino, 7.3% Black or African American, 1.0% Asian, and 2.0% two or more races. 1.0% of residents are foreign-born.