Hallwood, VA
Population 156 · Virginia
About Hallwood, VA
Hallwood is a small community located in Virginia with a population of 156 residents according to the latest US Census Bureau American Community Survey data. The median household income is $55,417 per year, which is 26% below the national median of $75,149. The median age of 35.8 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Hallwood features a median home value of $96,900, which is 60% below the national median of $244,900. This makes Hallwood one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,075, 8% below the national average of $1,163/month. Of the 114 total housing units, 79% are owner-occupied (48 units) and 21% are renter-occupied (13 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hallwood shows an unemployment rate of 1.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 16.7%, above the national average of 12.4%. Workers in Hallwood have an average one-way commute time of 25.8 minutes.
Education & Demographics
8.3% of Hallwood 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 2.6% White, 1.9% Hispanic or Latino, 0.0% Black or African American, and 10.9% Asian residents, with 10.3% of the population being foreign-born.
How Hallwood Ranks in Virginia
Cost of Living in Hallwood, VA
Compared to national averages, Hallwood has a median household income of $55,417 (26% below the national median of $75,149). Home values average $96,900, which is 60% below the national median. Monthly rent at $1,075 is 8% below the US average of $1,163. Within Virginia, Hallwood's income is 37% below the state average of $87,957, and home values are 70% below the state median of $327,514.
Why Live in Hallwood, VA?
Hallwood offers affordable housing with a median home value of $96,900, below the US average of $244,900, and rent that’s lower than the national average at $1,075/month, and a strong job market with an unemployment rate of just 1.5%.
Potential considerations include median household income ($55,417) that falls below the national average. However, Hallwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hallwood has a population of 156 with a median age of 35.8 years. Compare Hallwood 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 Hallwood
What is the population of Hallwood, VA?
The population of Hallwood, VA is 156 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 Hallwood?
The median household income in Hallwood, VA is $55,417 per year, which is 26% below the national median of $75,149.
What is the median home value in Hallwood?
The median home value in Hallwood, VA is $96,900, which is 60% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hallwood?
The median monthly rent in Hallwood, VA is $1,075, which is 8% below the national average of $1,163/month.
What is the unemployment rate in Hallwood?
The unemployment rate in Hallwood, VA is 1.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Hallwood, VA a good place to live?
Hallwood offers a moderate cost of living, affordable housing, and a strong job market. With a population of 156 and a median age of 35.8, the city appeals to a broad range of residents.
How educated is Hallwood, VA?
8.3% of residents in Hallwood 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 Hallwood?
Key cost-of-living indicators for Hallwood, VA: median home value is $96,900 (60% below national), median rent is $1,075/month, and median household income is $55,417. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Hallwood?
The poverty rate in Hallwood, VA is 16.7%, 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 Hallwood, VA?
Hallwood's population is 2.6% White, 1.9% Hispanic or Latino, 0.0% Black or African American, 10.9% Asian, and 0.0% two or more races. 10.3% of residents are foreign-born.