Gassaway, WV
Population 600 · West Virginia
About Gassaway, WV
Gassaway is a small community located in West Virginia with a population of 600 residents according to the latest US Census Bureau American Community Survey data. The median household income is $40,156 per year, which is 47% below the national median of $75,149. The median age of 49.2 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 Gassaway features a median home value of $101,700, which is 58% below the national median of $244,900. This makes Gassaway one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $431, 63% below the national average of $1,163/month. Of the 403 total housing units, 58% are owner-occupied (185 units) and 42% are renter-occupied (133 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Gassaway shows an unemployment rate of 13.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 13.6%, above the national average of 12.4%. Workers in Gassaway have an average one-way commute time of 19.5 minutes, one of the shorter commutes in the region.
Education & Demographics
17.7% of Gassaway 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 1.8% White, 0.5% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Gassaway Ranks in West Virginia
Cost of Living in Gassaway, WV
Compared to national averages, Gassaway has a median household income of $40,156 (47% below the national median of $75,149). Home values average $101,700, which is 58% below the national median. Monthly rent at $431 is 63% below the US average of $1,163. Within West Virginia, Gassaway's income is 26% below the state average of $54,014, and home values are 21% below the state median of $128,301.
Why Live in Gassaway, WV?
Gassaway offers affordable housing with a median home value of $101,700, below the US average of $244,900, and rent that’s lower than the national average at $431/month, and short commute times averaging just 19.5 minutes.
Potential considerations include median household income ($40,156) that falls below the national average. However, Gassaway’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Gassaway has a population of 600 with a median age of 49.2 years. Compare Gassaway with other cities to see how it stacks up, or explore all cities in West Virginia.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Gassaway
What is the population of Gassaway, WV?
The population of Gassaway, WV is 600 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 Gassaway?
The median household income in Gassaway, WV is $40,156 per year, which is 47% below the national median of $75,149.
What is the median home value in Gassaway?
The median home value in Gassaway, WV is $101,700, which is 58% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Gassaway?
The median monthly rent in Gassaway, WV is $431, which is 63% below the national average of $1,163/month.
What is the unemployment rate in Gassaway?
The unemployment rate in Gassaway, WV is 13.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Gassaway, WV a good place to live?
Gassaway offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 600 and a median age of 49.2, the city appeals to established professionals and retirees.
How educated is Gassaway, WV?
17.7% of residents in Gassaway 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 Gassaway?
Key cost-of-living indicators for Gassaway, WV: median home value is $101,700 (58% below national), median rent is $431/month, and median household income is $40,156. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Gassaway?
The poverty rate in Gassaway, WV is 13.6%, 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 Gassaway, WV?
Gassaway's population is 1.8% White, 0.5% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.