Living in Ivanhoe, Virginia
Cost of living, income, home prices, rent and demographics of Ivanhoe · Census data 2020–2024
Ivanhoe has 540 residents with a median age of 42.5. The median household income is $51,406 (45% lower than the Virginia median), the median home value is $95,500.
Ivanhoe is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Ivanhoe at a glance
- Population
- 540
- Median age
- 42.5State: 39
- Median household income
- $51,406State: $93,170
- Median home value
- $95,500State: $383,700
- Homeowners
- 100%
- Bachelor's degree or higher
- 12.5%
- Average commute
- 37 min
Is Ivanhoe a good place to live?
Pros: Home values 75% lower than the state median; unemployment of 3.5%.
Cons: Median household income 45% lower than the Virginia median; an average commute of 37 minutes; a poverty rate of 31.3%.
The weather is best in May–June and August–September.
Cost of living in Ivanhoe
Housing is the biggest part of the cost of living. In Ivanhoe the median home value is $95,500, 71% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $682 a month in housing costs.
Ivanhoe median household income
The median household income in Ivanhoe is $51,406 and the income per person is $20,090. 31.3% of residents live below the poverty line (Virginia: 9.9%).
Housing in Ivanhoe: homes for sale and rent
- Housing units
- 190
- Owner-occupied
- 100%
- Renter-occupied
- 0%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1979
- Average household size
- 2.84
Ivanhoe demographics
- Population
- 540
- Median age
- 42.5
- Under 18
- 24.3%
- 65 and older
- 24.1%
- Households
- 190
- Foreign-born
- 3.7%
- Veterans
- 0%Adults 18+
Hispanic or Latino can be of any race. Population history of Ivanhoe ›
Education in Ivanhoe
12.5% of adults 25 and older in Ivanhoe have a bachelor's degree or higher (Virginia: 42.2%), and 4% have a graduate or professional degree.
Jobs and commute in Ivanhoe
- Unemployment rate
- 3.5%State: 4.3%
- Average commute
- 37 minState: 27 min
- Work from home
- 13.8%
- Drive alone
- 80.3%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 47.9%
Ivanhoe vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Ivanhoe | 540 | $51,406 | $95,500 | — |
| Fort Chiswell | 821 | $88,719 | $163,300 | $963 |
| Fries | 330 | $33,056 | $121,600 | $333 |
| Max Meadows | 599 | $58,781 | $94,500 | — |
| Wytheville | 8,202 | $47,270 | $196,800 | $760 |
| Woodlawn | 2,250 | $78,405 | $146,700 | — |
| Galax | 6,726 | $38,675 | $141,300 | $743 |
| Hillsville | 2,864 | $58,000 | $159,000 | $747 |
| Draper | 348 | $58,963 | $157,900 | — |
More for people moving to Ivanhoe
Ivanhoe ZIP code ›Weather and climate ›Living in Ivanhoe: FAQ
What is the median household income in Ivanhoe, VA?
The median household income in Ivanhoe is $51,406, 45% lower than the Virginia median of $93,170 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Ivanhoe?
The median home value in Ivanhoe is $95,500, compared with $383,700 in Virginia.
Is Ivanhoe, VA a good place to live?
Pluses: home values 75% lower than the state median; unemployment of 3.5%. Minuses: median household income 45% lower than the Virginia median; an average commute of 37 minutes; a poverty rate of 31.3%.
What is the median age in Ivanhoe?
The median age in Ivanhoe is 42.5 years (Virginia: 39).
How long is the commute in Ivanhoe?
The average commute to work in Ivanhoe is 37 minutes; 13.8% of workers work from home.
What is the unemployment rate in Ivanhoe?
The unemployment rate in Ivanhoe is 3.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Ivanhoe?
12.5% of adults in Ivanhoe have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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