Housing data for Iron Gate, VA
Iron Gate, VA has an estimated 426 residents and 224 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a town in Alleghany County.
8.1% of households rent.
The median gross rent is $715 a month.
Figures last updated on .
- Residents
- 426 (±202)
- Housing units
- 224 (±89)
- Households that rent
- 8.1%
- Median gross rent
- $715
- Residents since 2015–2019
- +63.2%
What stands out in Iron Gate
Households that rent: 8.1% (±7.5 points) in Iron Gate, lower than in Alleghany County (17.7%).
Median home value: $84,600 (±$5,603) in Iron Gate, lower than in Alleghany County ($125,800).
Median real estate taxes: $754 (±$198) in Iron Gate, lower than in Alleghany County ($1,000).
Housing in Iron Gate at a glance
- Median rent: $715 median gross rent a month (Small sample: wide margin of error)
- Rent burden: 81.8% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 8.1% of households rent (Small sample: wide margin of error)
- Income and affordability: $70,000 median household income (Small sample: wide margin of error)
- Home values: $84,600 median home value
- Homeowner costs: $1,243 median monthly cost with a mortgage
- Property taxes: $754 median real estate taxes a year
- Types of homes: 0.0% of homes are in buildings of 5 or more units
- Bedrooms: 79.4% of homes have 3 or more bedrooms (Small sample: wide margin of error)
- Age of homes: 68.7% of homes were built before 1980
- Vacancy rate: 20.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 71.2% heat with electricity (Small sample: wide margin of error)
- Commute and cars: 25.9 minutes average trip to work (Small sample: wide margin of error)
- Growth: +63.2% residents since 2015–2019 (Small sample: wide margin of error)
- How long people stay: 9.6% moved in since 2020 (Small sample: wide margin of error)
- Crowding and facilities: 0.5% of homes have more than 1 person per room (Small sample: wide margin of error)
Iron Gate against Alleghany County, its state and the nation
| Iron Gate | Alleghany County | Virginia | United States | |
|---|---|---|---|---|
| Residents | 426 (±202) | 14,859 (exact) | 8,705,170 (exact) | 334,922,499 |
| Housing units | 224 (±89) | 7,913 (±35) | 3,684,756 (±486) | 143,775,355 |
| Households that rent | 8.1% (±7.5 points) | 17.7% (±3.2 points) | 32.7% (±0.3 points) | 34.8% |
| Median gross rent | $715 (±$257) | $765 (±$108) | $1,579 (±$8) | $1,413 |
| Median household income | $70,000 (±$45,481) | $56,188 (±$4,205) | $93,170 (±$458) | $80,734 |
| Median home value | $84,600 (±$5,603) | $125,800 (±$12,256) | $383,700 (±$1,024) | $332,700 |
| Median real estate taxes (a year) | $754 (±$198) | $1,000 (±$68) | $2,790 (±$10) | $3,119 |
| Built before 1980 | 68.7% (±23.4 points) | 64.2% (±5.8 points) | 43.5% (±0.2 points) | 49.7% |
| Average commute | 25.9 minutes (±6.0) | 22.9 minutes (±1.7) | 27.3 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 77.8% (±16.9 points) | 82.8% (±3.2 points) | 91.0% (±0.1 points) | 91.0% |
| Median age of residents | 39.8 years (±9.7) | 48.3 years (±0.7) | 39.0 years (±0.1) | 38.9 years |
Iron Gate covers 0.3 square miles of land, about 1,291 residents per square mile (Census Bureau Gazetteer).
How Iron Gate has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 261 (±69) | 426 (±202) | +63.2% | Not a measurable change |
| Housing units | 158 (±35) | 224 (±89) | +41.8% | Not a measurable change |
| Median gross rent | $838 (±$234) | $715 (±$257) | −14.7% | No measurable change after inflation |
| Median home value | $70,400 (±$11,672) | $84,600 (±$5,603) | +20.2% | No measurable change after inflation |
| Median household income | $37,500 (±$14,798) | $70,000 (±$45,481) | +86.7% | No measurable change after inflation |
| Median owner cost with a mortgage | $776 (±$180) | $1,243 (±$311) | +60.2% | No measurable change after inflation |
| Median real estate taxes | $653 (±$124) | $754 (±$198) | +15.5% | No measurable change after inflation |
| Households that rent | 15.2% (±8.9 points) | 8.1% (±7.5 points) | −7.1 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±74.6 points) | 20.0% (±31.0 points) | +20.0 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.
Crime reported to police in Alleghany County
Iron Gate has no police department of its own in the FBI’s figures, so this is the figure for Alleghany County as a whole.
In 2025, the police departments that report for Alleghany County recorded 227 violent and 633 property crimes per 100,000 residents.
A county-wide figure describes the whole county, not this place; crime varies from one community to the next.
ZIP codes in Iron Gate
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 24448 | 100% | 420 | $715 | $84,500 | $70,833 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Iron Gate
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Clifton Forge | 2.5 mi | $592 | $109,500 | 36.5% |
| Covington | 11 mi | $794 | $83,500 | 29.9% |
| Lexington | 19 mi | $1,081 | $275,200 | 46.2% |
| Buchanan | 20 mi | $958 | $187,500 | 19.5% |
| Goshen | 20 mi | $750 | $136,100 | 24.6% |
| East Lexington | 20 mi | $954 | $275,700 | 50.6% |
| Fincastle | 21 mi | $945 | $257,500 | 35.0% |
| Glasgow | 22 mi | $764 | $131,300 | 30.6% |
Places in Virginia most like Iron Gate
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Castlewood | $684 | $157,300 | $60,592 | 15.5% |
| Narrows | $931 | $119,400 | $62,708 | 21.8% |
| Hurt | $786 | $150,600 | $59,000 | 23.5% |
| Rural Retreat | $800 | $185,800 | $61,979 | 17.7% |
| Glade Spring | $888 | $174,300 | $81,298 | 17.9% |
| Horse Pasture | $855 | $123,600 | $54,216 | 15.2% |
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 Iron Gate, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $786 | $790 | $943 | $1,246 | $1,389 |
HUD income limits for Iron Gate, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $16,800 | $28,000 | $44,750 |
| 2 people | $21,640 | $32,000 | $51,150 |
| 3 people | $27,320 | $36,000 | $57,550 |
| 4 people | $33,000 | $39,950 | $63,900 |
| 5 people | $38,680 | $43,150 | $69,050 |
| 6 people | $44,360 | $46,350 | $74,150 |
| 7 people | $49,550 | $49,550 | $79,250 |
| 8 people | $52,750 | $52,750 | $84,350 |
These are the limits HUD sets for its housing programs in the Alleghany County-Clifton Forge city-Covington city, VA HUD Nonmet, where HUD’s median family income for fiscal year 2026 is $71,300.
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 Iron Gate
What is the average home value in Iron Gate, VA?
The Census Bureau publishes the median: $84,600 (±$5,603) for owner-occupied homes in Iron Gate (2020–2024 American Community Survey).
What is the average mortgage payment in Iron Gate?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Iron Gate, VA is $1,243 (±$311) a month, including taxes, insurance and utilities.
How much are property taxes in Iron Gate?
The median real estate tax paid by homeowners in Iron Gate, VA is $754 (±$198) a year (2020–2024 American Community Survey).
How many homes are in Iron Gate?
Iron Gate, VA has an estimated 224 (±89) housing units, occupied and vacant (2020–2024 American Community Survey).
How old are most homes in Iron Gate?
68.7% of homes in Iron Gate, VA were built before 1980 (2020–2024 American Community Survey).
Is Iron Gate growing?
In Iron Gate, the number of residents went from 261 in 2015–2019 to 426 in 2020–2024 (+63.2%), not a measurable change.
What ZIP codes are in Iron Gate?
The ZIP code that covers Iron Gate is 24448.
What is the median rent in ZIP code 24448?
The median gross rent in ZIP Code Tabulation Area 24448 is $715 (±$257) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Iron Gate town, Virginia
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Iron Gate town, Virginia
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Iron Gate town, Virginia
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Iron Gate town, Virginia
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Iron Gate town, Virginia
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Iron Gate town, Virginia
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Iron Gate town, Virginia
- HUD Fair Market Rents, fiscal year 2027: Alleghany County-Clifton Forge city-Covington city, VA HUD Nonmetro FMR Area
- HUD Income Limits, fiscal year 2026: Alleghany County-Clifton Forge city-Covington city, VA HUD Nonmet
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- 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 Iron Gate town, Virginia (place:40024, 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 .