Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 62.4 yrs |
|---|---|
| Avg HH Size | 1.80 |
| Below Poverty | 16.7% ▲ 67% above avg |
| College Grads | 21.8% ▼ 44% below avg |
| HS Graduate | 176 (41.3%) |
| Some College | 80 (18.8%) |
| Associates | 77 (18.1%) |
| Bachelors | 7 (1.6%) |
| Graduate Degree | 86 (20.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $42,938 ▼ 44% below avg |
|---|---|
| Median Home Value | $91,300 ▼ 67% below avg |
| Home/Income Ratio | 2.1x (nat avg ~3.5x) |
| Median Rent | $997/mo |
| Total Housing Units | 359 |
| Vacant Units | 74 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Speedwell is a city in Virginia, located in Wythe County. The city spans 1 ZIP code and is home to approximately 514 residents. It is an older city, with a median age of 62.4 years.
Economically, Speedwell is a working-class community. The median household income of $42,938 is below the national average. Approximately 16.7% of residents live below the poverty line.
The real estate market in Speedwell is one of the more affordable housing markets in the country. Median home values stand at $91,300, which is well below the national average. Renters typically pay around $997 per month. Homeownership is high at 80.0%, typical of suburban and family-oriented communities.
The population of Speedwell is less-educated. 21.8% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (94.94%).
Speedwell, VA offers residents a cost-conscious lifestyle within Virginia.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 24374 | 514 | $42,938 | $91,300 | $997 | 0.0% | 21.8% | 80.0% |