Laurel Hill, VA
Population 7,551 · Virginia
About Laurel Hill, VA
Laurel Hill is a small town located in Virginia with a population of 7,551 residents according to the latest US Census Bureau American Community Survey data. The median household income is $139,803 per year, which is 86% above the national median of $75,149. The median age of 40 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Laurel Hill features a median home value of $625,900, which is 156% above the national median of $244,900. This places Laurel Hill in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,335, 101% above the national average of $1,163/month. Of the 2,937 total housing units, 78% are owner-occupied (2,144 units) and 22% are renter-occupied (605 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Laurel Hill shows an unemployment rate of 3.9%, which is near the national rate of 3.7%. The poverty rate stands at 4.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Laurel Hill have an average one-way commute time of 32.7 minutes.
Education & Demographics
60.9% of Laurel Hill 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 3.3% White, 1.2% Hispanic or Latino, 1.5% Black or African American, and 7.3% Asian residents, with 28.7% of the population being foreign-born.
Cost of Living in Laurel Hill, VA
Compared to national averages, Laurel Hill has a median household income of $139,803 (86% above the national median of $75,149). Home values average $625,900, which is 156% above the national median. Monthly rent at $2,335 is 101% above the US average of $1,163. Within Virginia, Laurel Hill's income is 59% above the state average of $87,957, and home values are 91% above the state median of $327,514.
Why Live in Laurel Hill, VA?
Laurel Hill offers a strong local economy with a median household income of $139,803, well above the national average, and a well-educated community where 60.9% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.3%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $625,900. However, Laurel Hill’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Laurel Hill has a population of 7,551 with a median age of 40 years. Compare Laurel Hill with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Laurel Hill
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bull Run CDP (Fairfax County), Virginia | 7,513 | $238,500 | $879,000 | Compare |
| North Springfield | 7,511 | $124,118 | $630,300 | Compare |
| Farmville | 7,613 | $40,282 | $223,700 | Compare |
| Collinsville | 7,645 | $50,465 | $123,500 | Compare |
| Mantua | 7,447 | $197,677 | $947,700 | Compare |
| Ashland | 7,667 | $65,000 | $272,600 | Compare |
| Lexington | 7,420 | $89,598 | $275,300 | Compare |
| Woodlake | 7,373 | $133,782 | $371,900 | 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 Laurel Hill With Other Cities
Frequently Asked Questions about Laurel Hill
What is the population of Laurel Hill, VA?
The population of Laurel Hill, VA is 7,551 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 Laurel Hill?
The median household income in Laurel Hill, VA is $139,803 per year, which is 86% above the national median of $75,149.
What is the median home value in Laurel Hill?
The median home value in Laurel Hill, VA is $625,900, which is 156% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Laurel Hill?
The median monthly rent in Laurel Hill, VA is $2,335, which is 101% above the national average of $1,163/month.
What is the unemployment rate in Laurel Hill?
The unemployment rate in Laurel Hill, VA is 3.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Laurel Hill, VA a good place to live?
Laurel Hill offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 7,551 and a median age of 40, the city appeals to a broad range of residents.
How educated is Laurel Hill, VA?
60.9% of residents in Laurel Hill 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 Laurel Hill?
Key cost-of-living indicators for Laurel Hill, VA: median home value is $625,900 (156% above national), median rent is $2,335/month, and median household income is $139,803. The home-value-to-income ratio is 4.5x, a moderate figure by national standards.
What is the poverty rate in Laurel Hill?
The poverty rate in Laurel Hill, VA is 4.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Laurel Hill, VA?
Laurel Hill's population is 3.3% White, 1.2% Hispanic or Latino, 1.5% Black or African American, 7.3% Asian, and 27.9% two or more races. 28.7% of residents are foreign-born.