Flatwoods, WV
Population 404 · West Virginia
About Flatwoods, WV
Flatwoods is a small community located in West Virginia with a population of 404 residents according to the latest US Census Bureau American Community Survey data. The median household income is $48,750 per year, which is 35% below the national median of $75,149. The median age of 33.7 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Flatwoods features a median home value of $105,200, which is 57% below the national median of $244,900. This makes Flatwoods one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $725, 38% below the national average of $1,163/month. Of the 155 total housing units, 71% are owner-occupied (95 units) and 29% are renter-occupied (38 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Flatwoods shows an unemployment rate of 14.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 19.1%, above the national average of 12.4%. Workers in Flatwoods have an average one-way commute time of 30 minutes.
Education & Demographics
9.0% of Flatwoods 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, 1.2% Hispanic or Latino, 0.0% Black or African American, and 2.5% Asian residents, with 0.2% of the population being foreign-born.
Cost of Living in Flatwoods, WV
Compared to national averages, Flatwoods has a median household income of $48,750 (35% below the national median of $75,149). Home values average $105,200, which is 57% below the national median. Monthly rent at $725 is 38% below the US average of $1,163. Within West Virginia, Flatwoods's income is 10% below the state average of $54,014, and home values are 18% below the state median of $128,301.
Why Live in Flatwoods, WV?
Flatwoods offers affordable housing with a median home value of $105,200, below the US average of $244,900, and rent that’s lower than the national average at $725/month.
Potential considerations include median household income ($48,750) that falls below the national average. However, Flatwoods’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Flatwoods has a population of 404 with a median age of 33.7 years. Compare Flatwoods with other cities to see how it stacks up, or explore all cities in West Virginia.
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Other Cities in West Virginia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Flatwoods
What is the population of Flatwoods, WV?
The population of Flatwoods, WV is 404 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in West Virginia.
What is the median household income in Flatwoods?
The median household income in Flatwoods, WV is $48,750 per year, which is 35% below the national median of $75,149.
What is the median home value in Flatwoods?
The median home value in Flatwoods, WV is $105,200, which is 57% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Flatwoods?
The median monthly rent in Flatwoods, WV is $725, which is 38% below the national average of $1,163/month.
What is the unemployment rate in Flatwoods?
The unemployment rate in Flatwoods, WV is 14.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Flatwoods, WV a good place to live?
Flatwoods offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 404 and a median age of 33.7, the city appeals to young professionals and families.
How educated is Flatwoods, WV?
9.0% of residents in Flatwoods 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 Flatwoods?
Key cost-of-living indicators for Flatwoods, WV: median home value is $105,200 (57% below national), median rent is $725/month, and median household income is $48,750. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Flatwoods?
The poverty rate in Flatwoods, WV is 19.1%, 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 Flatwoods, WV?
Flatwoods's population is 0.0% White, 1.2% Hispanic or Latino, 0.0% Black or African American, 2.5% Asian, and 0.0% two or more races. 0.2% of residents are foreign-born.