Innovation, VA
Population 1,139 · Virginia
About Innovation, VA
Innovation is a small town located in Virginia with a population of 1,139 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 36.6 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Innovation features a median home value of $0, which is 100% below the national median of $244,900. This makes Innovation one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,779, 53% above the national average of $1,163/month. Of the 434 total housing units, 0% are owner-occupied (0 units) and 100% are renter-occupied (408 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Innovation shows an unemployment rate of 13.2%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 10.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Innovation have an average one-way commute time of 23.4 minutes.
Education & Demographics
50.5% of Innovation 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, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.6% Asian residents, with 21.4% of the population being foreign-born.
Cost of Living in Innovation, VA
Compared to national averages, Innovation has a median household income of $0 (100% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $1,779 is 53% above the US average of $1,163. Within Virginia, Innovation's income is 100% below the state average of $87,957, and home values are 100% below the state median of $327,514.
Why Live in Innovation, VA?
Innovation offers affordable housing with a median home value of $0, below the US average of $244,900, and a well-educated community where 50.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 10.2%, better than the national average. Additionally, the city features short commute times averaging just 23.4 minutes.
Potential considerations include median household income ($0) that falls below the national average. However, Innovation’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Innovation has a population of 1,139 with a median age of 36.6 years. Compare Innovation with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Innovation
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Maurertown | 1,138 | $89,375 | $263,400 | Compare |
| Emory | 1,135 | $62,500 | $203,800 | Compare |
| Jolivue | 1,135 | $38,738 | $243,900 | Compare |
| Independence | 1,144 | $36,250 | $115,700 | Compare |
| Mathews | 1,145 | $53,108 | $178,600 | Compare |
| Pembroke | 1,130 | $57,841 | $132,000 | Compare |
| Lawrenceville | 1,149 | $39,833 | $110,700 | Compare |
| Riverdale | 1,129 | $61,779 | $177,000 | 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 Innovation With Other Cities
Frequently Asked Questions about Innovation
What is the population of Innovation, VA?
The population of Innovation, VA is 1,139 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 Innovation?
The median household income in Innovation, VA is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in Innovation?
The median home value in Innovation, VA is $0, which is 100% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Innovation?
The median monthly rent in Innovation, VA is $1,779, which is 53% above the national average of $1,163/month.
What is the unemployment rate in Innovation?
The unemployment rate in Innovation, VA is 13.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Innovation, VA a good place to live?
Innovation offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,139 and a median age of 36.6, the city appeals to a broad range of residents.
How educated is Innovation, VA?
50.5% of residents in Innovation 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 Innovation?
Key cost-of-living indicators for Innovation, VA: median home value is $0 (100% below national), median rent is $1,779/month, and median household income is $0. The home-value-to-income ratio is NaNx, a moderate figure by national standards.
What is the poverty rate in Innovation?
The poverty rate in Innovation, VA is 10.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Innovation, VA?
Innovation's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.6% Asian, and 65.1% two or more races. 21.4% of residents are foreign-born.