New River, VA
Population 377 · Virginia
About New River, VA
New River is a small community located in Virginia with a population of 377 residents according to the latest US Census Bureau American Community Survey data. The median household income is $39,196 per year, which is 48% below the national median of $75,149. The median age of 55.6 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in New River features a median home value of $143,500, which is 41% below the national median of $244,900. This makes New River 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 220 total housing units, 84% are owner-occupied (184 units) and 16% are renter-occupied (36 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in New River shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in New River have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
62.6% of New River 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 0.0% Asian residents, with 7.4% of the population being foreign-born.
Cost of Living in New River, VA
Compared to national averages, New River has a median household income of $39,196 (48% below the national median of $75,149). Home values average $143,500, which is 41% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Virginia, New River's income is 55% below the state average of $87,957, and home values are 56% below the state median of $327,514.
Why Live in New River, VA?
New River offers affordable housing with a median home value of $143,500, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a well-educated community where 62.6% of residents hold a bachelor’s degree or higher, and a low poverty rate of 2.7%, better than the national average, and short commute times averaging just 0 minutes.
Potential considerations include median household income ($39,196) that falls below the national average. However, New River’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New River has a population of 377 with a median age of 55.6 years. Compare New River with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near New River
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Montvale | 379 | $41,732 | $212,500 | Compare |
| Conicville | 374 | $122,656 | $275,000 | Compare |
| New Church | 382 | $0 | $169,000 | Compare |
| Toms Brook | 371 | $57,188 | $207,400 | Compare |
| Keswick | 386 | $250,001 | $1,116,800 | Compare |
| Vansant | 367 | $38,333 | $97,400 | Compare |
| Claremont | 365 | $51,667 | $186,700 | Compare |
| Sperryville | 364 | $95,213 | $354,600 | 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 New River With Other Cities
Frequently Asked Questions about New River
What is the population of New River, VA?
The population of New River, VA is 377 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 New River?
The median household income in New River, VA is $39,196 per year, which is 48% below the national median of $75,149.
What is the median home value in New River?
The median home value in New River, VA is $143,500, which is 41% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in New River?
The median monthly rent in New River, VA is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in New River?
The unemployment rate in New River, VA is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is New River, VA a good place to live?
New River offers a moderate cost of living, affordable housing, and a strong job market. With a population of 377 and a median age of 55.6, the city appeals to established professionals and retirees.
How educated is New River, VA?
62.6% of residents in New River 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 New River?
Key cost-of-living indicators for New River, VA: median home value is $143,500 (41% below national), median rent is $0/month, and median household income is $39,196. The home-value-to-income ratio is 3.7x, a moderate figure by national standards.
What is the poverty rate in New River?
The poverty rate in New River, VA is 2.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is New River, VA?
New River's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 65.3% two or more races. 7.4% of residents are foreign-born.