Haymarket, VA
Population 1,591 · Virginia
About Haymarket, VA
Haymarket is a small town located in Virginia with a population of 1,591 residents according to the latest US Census Bureau American Community Survey data. The median household income is $174,306 per year, which is 132% above the national median of $75,149. The median age of 38.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Haymarket features a median home value of $563,600, which is 130% above the national median of $244,900. This places Haymarket in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,221, 91% above the national average of $1,163/month. Of the 510 total housing units, 93% are owner-occupied (466 units) and 7% are renter-occupied (37 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Haymarket 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 3.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Haymarket have an average one-way commute time of 32.4 minutes.
Education & Demographics
53.5% of Haymarket 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 0.4% White, 1.6% Hispanic or Latino, 3.1% Black or African American, and 6.6% Asian residents, with 17.0% of the population being foreign-born.
How Haymarket Ranks in Virginia
Cost of Living in Haymarket, VA
Compared to national averages, Haymarket has a median household income of $174,306 (132% above the national median of $75,149). Home values average $563,600, which is 130% above the national median. Monthly rent at $2,221 is 91% above the US average of $1,163. Within Virginia, Haymarket's income is 98% above the state average of $87,957, and home values are 72% above the state median of $327,514.
Why Live in Haymarket, VA?
Haymarket offers a strong local economy with a median household income of $174,306, well above the national average, and a strong job market with an unemployment rate of just 3.3%, and a well-educated community where 53.5% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 3.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $563,600. However, Haymarket’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Haymarket has a population of 1,591 with a median age of 38.2 years. Compare Haymarket with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Haymarket
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bull Run Mountain Estates | 1,582 | $195,781 | $626,700 | Compare |
| Coeburn | 1,606 | $53,750 | $107,800 | Compare |
| Appalachia | 1,612 | $38,942 | $65,500 | Compare |
| Camp Barrett | 1,569 | $0 | $0 | Compare |
| Rural Retreat | 1,614 | $60,114 | $167,900 | Compare |
| Ferrum | 1,622 | $31,750 | $202,500 | Compare |
| Nellysford | 1,623 | $133,036 | $520,000 | Compare |
| Middletown | 1,634 | $57,175 | $288,200 | 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 Haymarket With Other Cities
Frequently Asked Questions about Haymarket
What is the population of Haymarket, VA?
The population of Haymarket, VA is 1,591 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 Haymarket?
The median household income in Haymarket, VA is $174,306 per year, which is 132% above the national median of $75,149.
What is the median home value in Haymarket?
The median home value in Haymarket, VA is $563,600, which is 130% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Haymarket?
The median monthly rent in Haymarket, VA is $2,221, which is 91% above the national average of $1,163/month.
What is the unemployment rate in Haymarket?
The unemployment rate in Haymarket, 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 Haymarket, VA a good place to live?
Haymarket offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,591 and a median age of 38.2, the city appeals to a broad range of residents.
How educated is Haymarket, VA?
53.5% of residents in Haymarket 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 Haymarket?
Key cost-of-living indicators for Haymarket, VA: median home value is $563,600 (130% above national), median rent is $2,221/month, and median household income is $174,306. The home-value-to-income ratio is 3.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Haymarket?
The poverty rate in Haymarket, VA is 3.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Haymarket, VA?
Haymarket's population is 0.4% White, 1.6% Hispanic or Latino, 3.1% Black or African American, 6.6% Asian, and 11.4% two or more races. 17.0% of residents are foreign-born.