Iron Gate, VA
Population 408 · Virginia
About Iron Gate, VA
Iron Gate is a small community located in Virginia with a population of 408 residents according to the latest US Census Bureau American Community Survey data. The median household income is $60,000 per year, which is 20% below the national median of $75,149. The median age of 41.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Iron Gate features a median home value of $84,200, which is 66% below the national median of $244,900. This makes Iron Gate one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 238 total housing units, 92% are owner-occupied (182 units) and 8% are renter-occupied (16 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Iron Gate shows an unemployment rate of 18.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 12.7%, above the national average of 12.4%. Workers in Iron Gate have an average one-way commute time of 32.5 minutes.
Education & Demographics
11.4% of Iron Gate 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 0.0% White, 0.0% Hispanic or Latino, 0.7% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Iron Gate Ranks in Virginia
Cost of Living in Iron Gate, VA
Compared to national averages, Iron Gate has a median household income of $60,000 (20% below the national median of $75,149). Home values average $84,200, which is 66% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Virginia, Iron Gate's income is 32% below the state average of $87,957, and home values are 74% below the state median of $327,514.
Why Live in Iron Gate, VA?
Iron Gate offers affordable housing with a median home value of $84,200, below the US average of $244,900, and rent that’s lower than the national average at $0/month.
Potential considerations include median household income ($60,000) that falls below the national average. However, Iron Gate’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Iron Gate has a population of 408 with a median age of 41.4 years. Compare Iron Gate with other cities to see how it stacks up, or explore all cities in Virginia.
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Cities in Virginia with a similar population size.
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 Iron Gate
What is the population of Iron Gate, VA?
The population of Iron Gate, VA is 408 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 Iron Gate?
The median household income in Iron Gate, VA is $60,000 per year, which is 20% below the national median of $75,149.
What is the median home value in Iron Gate?
The median home value in Iron Gate, VA is $84,200, which is 66% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Iron Gate?
The median monthly rent in Iron Gate, VA is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Iron Gate?
The unemployment rate in Iron Gate, VA is 18.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Iron Gate, VA a good place to live?
Iron Gate offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 408 and a median age of 41.4, the city appeals to a broad range of residents.
How educated is Iron Gate, VA?
11.4% of residents in Iron Gate 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 Iron Gate?
Key cost-of-living indicators for Iron Gate, VA: median home value is $84,200 (66% below national), median rent is $0/month, and median household income is $60,000. The home-value-to-income ratio is 1.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Iron Gate?
The poverty rate in Iron Gate, VA is 12.7%, 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 Iron Gate, VA?
Iron Gate's population is 0.0% White, 0.0% Hispanic or Latino, 0.7% Black or African American, 0.0% Asian, and 6.4% two or more races. 0.0% of residents are foreign-born.