Gatewood, WV
Population 443 · West Virginia
About Gatewood, WV
Gatewood is a small community located in West Virginia with a population of 443 residents according to the latest US Census Bureau American Community Survey data. The median household income is $73,914 per year, which is 2% below the national median of $75,149. The median age of 31.6 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 Gatewood features a median home value of $96,400, which is 61% below the national median of $244,900. This makes Gatewood 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 167 total housing units, 100% are owner-occupied (167 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Gatewood 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 1.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Gatewood have an average one-way commute time of 26.4 minutes.
Education & Demographics
13.2% of Gatewood 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, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Gatewood, WV
Compared to national averages, Gatewood has a median household income of $73,914 (2% below the national median of $75,149). Home values average $96,400, which is 61% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within West Virginia, Gatewood's income is 37% above the state average of $54,014, and home values are 25% below the state median of $128,301.
Why Live in Gatewood, WV?
Gatewood offers affordable housing with a median home value of $96,400, 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 low poverty rate of 1.4%, better than the national average.
Potential considerations include median household income ($73,914) that falls below the national average. However, Gatewood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Gatewood has a population of 443 with a median age of 31.6 years. Compare Gatewood with other cities to see how it stacks up, or explore all cities in West Virginia.
Similar Cities Near Gatewood
Cities in West Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Paw Paw | 440 | $62,500 | $83,900 | Compare |
| Valley Grove | 448 | $54,028 | $136,700 | Compare |
| Racine | 451 | $73,724 | $112,700 | Compare |
| Prichard | 434 | $90,795 | $94,000 | Compare |
| Dupont City | 455 | $39,286 | $133,600 | Compare |
| Farmington | 431 | $76,094 | $68,500 | Compare |
| Charlton Heights | 428 | $94,286 | $98,200 | Compare |
| Fort Gay | 459 | $27,679 | $58,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in West Virginia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Gatewood With Other Cities
Frequently Asked Questions about Gatewood
What is the population of Gatewood, WV?
The population of Gatewood, WV is 443 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 Gatewood?
The median household income in Gatewood, WV is $73,914 per year, which is 2% below the national median of $75,149.
What is the median home value in Gatewood?
The median home value in Gatewood, WV is $96,400, which is 61% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Gatewood?
The median monthly rent in Gatewood, WV is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Gatewood?
The unemployment rate in Gatewood, WV is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Gatewood, WV a good place to live?
Gatewood offers a moderate cost of living, affordable housing, and a strong job market. With a population of 443 and a median age of 31.6, the city appeals to young professionals and families.
How educated is Gatewood, WV?
13.2% of residents in Gatewood 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 Gatewood?
Key cost-of-living indicators for Gatewood, WV: median home value is $96,400 (61% below national), median rent is $0/month, and median household income is $73,914. The home-value-to-income ratio is 1.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Gatewood?
The poverty rate in Gatewood, WV is 1.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Gatewood, WV?
Gatewood's population is 0.0% White, 0.0% 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.