Hamilton, VA
Population 604 · Virginia
About Hamilton, VA
Hamilton is a small community located in Virginia with a population of 604 residents according to the latest US Census Bureau American Community Survey data. The median household income is $128,750 per year, which is 71% above 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 Hamilton features a median home value of $513,000, which is 109% above the national median of $244,900. This places Hamilton in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,375, 18% above the national average of $1,163/month. Of the 224 total housing units, 85% are owner-occupied (190 units) and 15% are renter-occupied (34 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hamilton shows an unemployment rate of 3.3%, 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 Hamilton have an average one-way commute time of 30 minutes.
Education & Demographics
52.9% of Hamilton residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.8% Hispanic or Latino, 0.0% Black or African American, and 7.0% Asian residents, with 6.8% of the population being foreign-born.
Cost of Living in Hamilton, VA
Compared to national averages, Hamilton has a median household income of $128,750 (71% above the national median of $75,149). Home values average $513,000, which is 109% above the national median. Monthly rent at $1,375 is 18% above the US average of $1,163. Within Virginia, Hamilton's income is 46% above the state average of $87,957, and home values are 57% above the state median of $327,514.
Why Live in Hamilton, VA?
Hamilton offers a strong local economy with a median household income of $128,750, well above the national average, and a strong job market with an unemployment rate of just 3.3%, and a well-educated community where 52.9% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 0.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $513,000. However, Hamilton’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hamilton has a population of 604 with a median age of 35.8 years. Compare Hamilton 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 Hamilton
What is the population of Hamilton, VA?
The population of Hamilton, VA is 604 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 Hamilton?
The median household income in Hamilton, VA is $128,750 per year, which is 71% above the national median of $75,149.
What is the median home value in Hamilton?
The median home value in Hamilton, VA is $513,000, which is 109% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hamilton?
The median monthly rent in Hamilton, VA is $1,375, which is 18% above the national average of $1,163/month.
What is the unemployment rate in Hamilton?
The unemployment rate in Hamilton, VA is 3.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Hamilton, VA a good place to live?
Hamilton offers above-average incomes, a competitive housing market, and a strong job market. With a population of 604 and a median age of 35.8, the city appeals to a broad range of residents.
How educated is Hamilton, VA?
52.9% of residents in Hamilton 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 Hamilton?
Key cost-of-living indicators for Hamilton, VA: median home value is $513,000 (109% above national), median rent is $1,375/month, and median household income is $128,750. The home-value-to-income ratio is 4.0x, a moderate figure by national standards.
What is the poverty rate in Hamilton?
The poverty rate in Hamilton, 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 Hamilton, VA?
Hamilton's population is 0.0% White, 0.8% Hispanic or Latino, 0.0% Black or African American, 7.0% Asian, and 0.2% two or more races. 6.8% of residents are foreign-born.