Honaker, VA
Population 1,218 · Virginia
About Honaker, VA
Honaker is a small town located in Virginia with a population of 1,218 residents according to the latest US Census Bureau American Community Survey data. The median household income is $44,107 per year, which is 41% below the national median of $75,149. The median age of 40.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Honaker features a median home value of $91,700, which is 63% below the national median of $244,900. This makes Honaker one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $628, 46% below the national average of $1,163/month. Of the 540 total housing units, 68% are owner-occupied (339 units) and 32% are renter-occupied (162 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Honaker 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 22.7%, above the national average of 12.4%. Workers in Honaker have an average one-way commute time of 34.8 minutes.
Education & Demographics
5.6% of Honaker 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 1.8% White, 0.2% Hispanic or Latino, 0.0% Black or African American, and 0.2% Asian residents, with 0.0% of the population being foreign-born.
How Honaker Ranks in Virginia
Cost of Living in Honaker, VA
Compared to national averages, Honaker has a median household income of $44,107 (41% below the national median of $75,149). Home values average $91,700, which is 63% below the national median. Monthly rent at $628 is 46% below the US average of $1,163. Within Virginia, Honaker's income is 50% below the state average of $87,957, and home values are 72% below the state median of $327,514.
Why Live in Honaker, VA?
Honaker offers affordable housing with a median home value of $91,700, below the US average of $244,900, and rent that’s lower than the national average at $628/month, and a strong job market with an unemployment rate of just 1.3%.
Potential considerations include median household income ($44,107) that falls below the national average. However, Honaker’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Honaker has a population of 1,218 with a median age of 40.5 years. Compare Honaker with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Honaker
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Earlysville | 1,217 | $143,500 | $414,600 | Compare |
| Rio | 1,213 | $65,703 | $0 | Compare |
| Bracey | 1,243 | $68,333 | $191,100 | Compare |
| Amelia Court House | 1,192 | $40,366 | $161,900 | Compare |
| Greenville | 1,187 | $41,724 | $193,800 | Compare |
| Harriston | 1,252 | $91,625 | $149,100 | Compare |
| Glasgow | 1,253 | $50,625 | $117,100 | Compare |
| Penhook | 1,253 | $99,176 | $476,500 | 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 Honaker With Other Cities
Frequently Asked Questions about Honaker
What is the population of Honaker, VA?
The population of Honaker, VA is 1,218 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 Honaker?
The median household income in Honaker, VA is $44,107 per year, which is 41% below the national median of $75,149.
What is the median home value in Honaker?
The median home value in Honaker, VA is $91,700, which is 63% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Honaker?
The median monthly rent in Honaker, VA is $628, which is 46% below the national average of $1,163/month.
What is the unemployment rate in Honaker?
The unemployment rate in Honaker, 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 Honaker, VA a good place to live?
Honaker offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,218 and a median age of 40.5, the city appeals to a broad range of residents.
How educated is Honaker, VA?
5.6% of residents in Honaker 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 Honaker?
Key cost-of-living indicators for Honaker, VA: median home value is $91,700 (63% below national), median rent is $628/month, and median household income is $44,107. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Honaker?
The poverty rate in Honaker, VA is 22.7%, 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 Honaker, VA?
Honaker's population is 1.8% White, 0.2% Hispanic or Latino, 0.0% Black or African American, 0.2% Asian, and 0.2% two or more races. 0.0% of residents are foreign-born.