Phenix, VA
Population 395 · Virginia
About Phenix, VA
Phenix is a small community located in Virginia with a population of 395 residents according to the latest US Census Bureau American Community Survey data. The median household income is $50,000 per year, which is 33% below the national median of $75,149. The median age of 51.3 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 Phenix features a median home value of $103,400, which is 58% below the national median of $244,900. This makes Phenix one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $758, 35% below the national average of $1,163/month. Of the 131 total housing units, 88% are owner-occupied (107 units) and 12% are renter-occupied (15 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Phenix 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 27.6%, above the national average of 12.4%. Workers in Phenix have an average one-way commute time of 44.9 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
16.8% of Phenix 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, 1.3% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Phenix Ranks in Virginia
Cost of Living in Phenix, VA
Compared to national averages, Phenix has a median household income of $50,000 (33% below the national median of $75,149). Home values average $103,400, which is 58% below the national median. Monthly rent at $758 is 35% below the US average of $1,163. Within Virginia, Phenix's income is 43% below the state average of $87,957, and home values are 68% below the state median of $327,514.
Why Live in Phenix, VA?
Phenix offers affordable housing with a median home value of $103,400, below the US average of $244,900, and rent that’s lower than the national average at $758/month, and a strong job market with an unemployment rate of just 0.0%.
Potential considerations include median household income ($50,000) that falls below the national average. However, Phenix’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Phenix has a population of 395 with a median age of 51.3 years. Compare Phenix with other cities to see how it stacks up, or explore all cities in Virginia.
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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 Phenix
What is the population of Phenix, VA?
The population of Phenix, VA is 395 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 Phenix?
The median household income in Phenix, VA is $50,000 per year, which is 33% below the national median of $75,149.
What is the median home value in Phenix?
The median home value in Phenix, VA is $103,400, which is 58% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Phenix?
The median monthly rent in Phenix, VA is $758, which is 35% below the national average of $1,163/month.
What is the unemployment rate in Phenix?
The unemployment rate in Phenix, 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 Phenix, VA a good place to live?
Phenix offers a moderate cost of living, affordable housing, and a strong job market. With a population of 395 and a median age of 51.3, the city appeals to established professionals and retirees.
How educated is Phenix, VA?
16.8% of residents in Phenix 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 Phenix?
Key cost-of-living indicators for Phenix, VA: median home value is $103,400 (58% below national), median rent is $758/month, and median household income is $50,000. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Phenix?
The poverty rate in Phenix, VA is 27.6%, 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 Phenix, VA?
Phenix's population is 0.0% White, 1.3% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 26.6% two or more races. 0.0% of residents are foreign-born.