Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 44.0 yrs |
|---|---|
| Avg HH Size | 2.50 |
| Below Poverty | 23.2% ▲ 132% above avg |
| College Grads | 23.4% ▼ 40% below avg |
| Unemployment | 4.5% ▼ 9% below avg |
| No HS Diploma | 88 (3%) |
| HS Graduate | 1,203 (41.5%) |
| Some College | 562 (19.4%) |
| Associates | 368 (12.7%) |
| Bachelors | 373 (12.9%) |
| Graduate Degree | 305 (10.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $39,678 ▼ 48% below avg |
|---|---|
| Median Home Value | $96,500 ▼ 65% below avg |
| Home/Income Ratio | 2.4x (nat avg ~3.5x) |
| Median Rent | $654/mo |
| Total Housing Units | 2,363 |
| Vacant Units | 372 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Honaker is a city in Virginia, located in Russell County. The city spans 1 ZIP code and is home to approximately 5,070 residents. It is a middle-aged city, with a median age of 44 years.
Economically, Honaker is a lower-income community. The median household income of $39,678 is below the national average. Approximately 23.2% of residents live below the poverty line. The unemployment rate is 4.5%, near the national average.
The real estate market in Honaker is one of the more affordable housing markets in the country. Median home values stand at $96,500, which is well below the national average. Renters typically pay around $654 per month. Homeownership is high at 70.6%, typical of suburban and family-oriented communities.
The population of Honaker is less-educated. 23.4% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (97.65%).
Honaker, VA offers residents a cost-conscious lifestyle within Virginia.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 24260 | 5,070 | $39,678 | $96,500 | $654 | 4.5% | 23.4% | 70.6% |