Housing data for Boones Mill, VA
Boones Mill, VA has an estimated 228 residents and 115 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a town in Franklin County.
19.3% of households rent.
The median gross rent is $925 a month.
Figures last updated on .
- Residents
- 228 (±69)
- Housing units
- 115 (±34)
- Households that rent
- 19.3%
- Median gross rent
- $925
- Residents since 2015–2019
- +34.9%
What stands out in Boones Mill
Homes heated by fuel oil: 31.2% (±16.6 points) in Boones Mill, higher than in Franklin County (6.4%).
Homes built before 1980: 73.9% (±22.1 points) in Boones Mill, higher than in Franklin County (34.7%).
Households without a vehicle: 0.9% (±1.9 points) in Boones Mill, lower than in Franklin County (4.5%).
Median real estate taxes: $896 (±$123) in Boones Mill, lower than in Franklin County ($1,196).
Housing in Boones Mill at a glance
- Median rent: $925 median gross rent a month (Small sample: wide margin of error)
- Rent burden: 78.9% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 19.3% of households rent (Small sample: wide margin of error)
- Income and affordability: $75,972 median household income (Small sample: wide margin of error)
- Home values: $208,300 median home value (Small sample: wide margin of error)
- Homeowner costs: $1,524 median monthly cost with a mortgage (Small sample: wide margin of error)
- Property taxes: $896 median real estate taxes a year (Small sample: wide margin of error)
- Types of homes: 0.0% of homes are in buildings of 5 or more units (Small sample: wide margin of error)
- Bedrooms: 55.6% of homes have 3 or more bedrooms (Small sample: wide margin of error)
- Age of homes: 73.9% of homes were built before 1980 (Small sample: wide margin of error)
- Vacancy rate: 4.5% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 47.7% heat with electricity (Small sample: wide margin of error)
- Commute and cars: 27.2 minutes average trip to work (Small sample: wide margin of error)
- Growth: +34.9% residents since 2015–2019 (Small sample: wide margin of error)
- How long people stay: 17.4% moved in since 2020 (Small sample: wide margin of error)
- Crowding and facilities: 0.0% of homes have more than 1 person per room (Small sample: wide margin of error)
Boones Mill against Franklin County, its state and the nation
| Boones Mill | Franklin County | Virginia | United States | |
|---|---|---|---|---|
| Residents | 228 (±69) | 55,130 (exact) | 8,705,170 (exact) | 334,922,499 |
| Housing units | 115 (±34) | 28,408 (±48) | 3,684,756 (±486) | 143,775,355 |
| Households that rent | 19.3% (±13.2 points) | 21.5% (±2.4 points) | 32.7% (±0.3 points) | 34.8% |
| Median gross rent | $925 (±$202) | $829 (±$43) | $1,579 (±$8) | $1,413 |
| Median household income | $75,972 (±$25,823) | $68,849 (±$3,573) | $93,170 (±$458) | $80,734 |
| Median home value | $208,300 (±$47,234) | $240,400 (±$10,259) | $383,700 (±$1,024) | $332,700 |
| Median real estate taxes (a year) | $896 (±$123) | $1,196 (±$59) | $2,790 (±$10) | $3,119 |
| Built before 1980 | 73.9% (±22.1 points) | 34.7% (±2.9 points) | 43.5% (±0.2 points) | 49.7% |
| Average commute | 27.2 minutes (±3.6) | 30.2 minutes (±1.5) | 27.3 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 85.3% (±14.5 points) | 83.4% (±2.0 points) | 91.0% (±0.1 points) | 91.0% |
| Median age of residents | 49.2 years (±10.7) | 48.4 years (±0.4) | 39.0 years (±0.1) | 38.9 years |
Boones Mill covers 0.7 square miles of land, about 309 residents per square mile (Census Bureau Gazetteer).
How Boones Mill has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 169 (±48) | 228 (±69) | +34.9% | Not a measurable change |
| Housing units | 125 (±30) | 115 (±34) | −8.0% | Not a measurable change |
| Median gross rent | $810 (±$160) | $925 (±$202) | +14.2% | No measurable change after inflation |
| Median home value | $157,100 (±$29,556) | $208,300 (±$47,234) | +32.6% | No measurable change after inflation |
| Median household income | $53,125 (±$13,274) | $75,972 (±$25,823) | +43.0% | No measurable change after inflation |
| Median owner cost with a mortgage | $864 (±$340) | $1,524 (±$202) | +76.4% | Up after inflation |
| Median real estate taxes | $915 (±$199) | $896 (±$123) | −2.1% | No measurable change after inflation |
| Households that rent | 10.3% (±15.4 points) | 19.3% (±13.2 points) | +9.0 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±100.0 points) | 4.5% (±16.3 points) | +4.5 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Places near Boones Mill
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Cave Spring | 8.3 mi | $1,285 | $325,800 | 30.5% |
| Rocky Mount | 8.5 mi | $890 | $207,000 | 43.6% |
| Roanoke | 11 mi | $996 | $190,500 | 47.6% |
| Vinton | 12 mi | $992 | $190,900 | 41.3% |
| Ferrum | 12 mi | $638 | $188,900 | 30.5% |
| Salem | 13 mi | $1,133 | $258,600 | 37.2% |
| Westlake Corner | 14 mi | $1,185 | $499,000 | 18.9% |
| Hollins | 16 mi | $1,193 | $244,300 | 35.1% |
Places in Virginia most like Boones Mill
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Hurt | $786 | $150,600 | $59,000 | 23.5% |
| Rural Retreat | $800 | $185,800 | $61,979 | 17.7% |
| West Point | $1,225 | $286,800 | $78,785 | 19.4% |
| Shenandoah | $1,093 | $212,600 | $71,458 | 23.6% |
| Madison Heights | $871 | $191,300 | $60,215 | 28.6% |
| Glade Spring | $888 | $174,300 | $81,298 | 17.9% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Virginia.
HUD Fair Market Rent for Boones Mill, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $949 | $987 | $1,080 | $1,495 | $1,805 |
HUD income limits for Boones Mill, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $18,800 | $31,350 | $50,150 |
| 2 people | $21,640 | $35,800 | $57,300 |
| 3 people | $27,320 | $40,300 | $64,450 |
| 4 people | $33,000 | $44,750 | $71,600 |
| 5 people | $38,680 | $48,350 | $77,350 |
| 6 people | $44,360 | $51,950 | $83,100 |
| 7 people | $50,040 | $55,500 | $88,800 |
| 8 people | $55,720 | $59,100 | $94,550 |
These are the limits HUD sets for its housing programs in the Franklin County, VA HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $89,500.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Boones Mill
Is Boones Mill growing?
In Boones Mill, the number of residents went from 169 in 2015–2019 to 228 in 2020–2024 (+34.9%), not a measurable change.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Boones Mill town, Virginia
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Boones Mill town, Virginia
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Boones Mill town, Virginia
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Boones Mill town, Virginia
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Boones Mill town, Virginia
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Boones Mill town, Virginia
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Boones Mill town, Virginia
- HUD Fair Market Rents, fiscal year 2027: Franklin County, VA HUD Metro FMR Area
- HUD Income Limits, fiscal year 2026: Franklin County, VA HUD Metro FMR Area
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Boones Mill town, Virginia (place:08584, in state:51).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .