Banco, VA
Comprehensive Demographic, Economic, and Housing Data Profile
Living in Banco, VA: Quick Facts & Overview
- Population: 5,742 residents (27 people per sq. mi.)
- Average House Price: $378,195
- Average Household Income: $84,857
Banco, VA is located in the state of Virginia. It is home to about 5,742 people, with around 27 residents living in every square mile.
If you want to buy a house in Banco, the average price is around $378,195. That makes local housing 10% higher than the Virginia average of $344,811, and 23% higher than the national average of $308,592.
The average household in Banco earns about $84,857 a year. This income is 1% lower than the average family in Virginia ($85,511), and 8% higher than the national average ($78,686).
Population
5,742
Median Household Income
$84,857
Median Home Value
$378,195
Median Age
45.6 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $38,405 |
| Labor Force Participation | 60.4% |
| Unemployment Rate | 4.9% |
| Average Commute Time | 25.4 mins |
Housing & Community Metrics
| Home Ownership Rate | 72.3% |
| Median Rent | $1,192 |
| Rent Burdened (>30% Income) | 31.9% |
| Total Housing Units | 2,310 |
Additional Census & Housing Profile
Geographic Overview
| County | Madison |
| County FIPS | 51113 |
| Metro Area (CBSA) | - |
| Population Density | 27.2/sq mi |
| Coordinates (lat/lng) | 38.4512, -78.2817 |
| Timezone | America/New_York |
| National Ranking | 4 |
| Incorporated | No |
Household Structure
| Average Family Size | 2.87 |
| Dual Income Families | 53.5% |
Marital Status
| Married | 49.2% |
| Never Married | 28.4% |
| Divorced | 13.4% |
| Widowed | 9.0% |
Gender
| Male | 50.2% |
| Female | 49.8% |
Health & Poverty
| Uninsured Rate (Health) | 4.7% |
| Poverty Rate | 9.3% |
Key Population Groups
| Veterans | 8.5% |
| Disabled Population | 13.5% |
| Limited English Proficiency | - |
All ZIP Codes in Banco
| ZIP Code | Population | Median Household Income | Median Home Value |
|---|---|---|---|
| 22727 | 5,742 | $84,857 | $378,195 |
Nearby Cities
| City | Distance | Population |
|---|---|---|
| Madison, VA | 5.1 miles | 273 |
| Brightwood, VA | 5.7 miles | 1,325 |
| Stanardsville, VA | 13.5 miles | 740 |
| Sperryville, VA | 14.4 miles | 358 |
| Stanley, VA | 14.8 miles | 2,034 |
| Culpeper, VA | 15.3 miles | 20,794 |
| Ruckersville, VA | 16 miles | 1,399 |
| Twin Lakes, VA | 16.4 miles | 1,562 |
| Orange, VA | 16.7 miles | 5,066 |
| Luray, VA | 17.5 miles | 4,827 |
| Elkton, VA | 18.3 miles | 3,006 |
| Shenandoah, VA | 18.3 miles | 2,888 |
| Barboursville, VA | 19.4 miles | 694 |
| Piney Mountain, VA | 21.4 miles | 2,288 |
| Brandy Station, VA | 21.4 miles | 237 |
| Unionville, VA | 21.5 miles | 262 |
| Gordonsville, VA | 22.4 miles | 1,459 |
| Earlysville, VA | 22.7 miles | 1,222 |
| Rhoadesville, VA | 22.7 miles | 207 |
| Flint Hill, VA | 23.8 miles | 275 |
| Hollymead, VA | 24 miles | 8,482 |
| Massanutten, VA | 24.3 miles | 2,261 |
| New Market, VA | 25 miles | 2,342 |
| McGaheysville, VA | 25 miles | 1,327 |
| Free Union, VA | 25.5 miles | 124 |
| Remington, VA | 26.2 miles | 989 |
| Quicksburg, VA | 27.2 miles | 106 |
| Blue Ridge Shores, VA | 27.5 miles | 918 |
| Rio, VA | 27.6 miles | 1,252 |
| Mount Jackson, VA | 28.2 miles | 2,000 |
| Keezletown, VA | 28.2 miles | 706 |
| Opal, VA | 28.3 miles | 984 |
| Bealeton, VA | 28.7 miles | 5,034 |
| Chester Gap, VA | 28.9 miles | 726 |
| Lake of the Woods, VA | 29.4 miles | 7,984 |
| Timberville, VA | 29.4 miles | 3,036 |
| Bowmans Crossing, VA | 29.8 miles | 420 |
| Edinburg, VA | 29.9 miles | 1,671 |
| Broadway, VA | 30.1 miles | 4,273 |
| Massanetta Springs, VA | 30.2 miles | 6,358 |
| Pantops, VA | 30.3 miles | 4,665 |
| Linville, VA | 30.3 miles | 484 |
| Charlottesville, VA | 30.6 miles | 103,155 |
| Keswick, VA | 30.6 miles | 402 |
| Port Republic, VA | 30.9 miles | 510 |
| University of Virginia, VA | 31.1 miles | 9,065 |
| Lake Wilderness, VA | 31.7 miles | 3,139 |
| Mount Clifton, VA | 31.8 miles | 170 |
| Woodstock, VA | 31.9 miles | 5,871 |
| Harrisonburg, VA | 32 miles | 73,815 |
| Warrenton, VA | 32 miles | 10,176 |
| Grottoes, VA | 32 miles | 2,961 |
| Rivanna, VA | 32 miles | 2,211 |
| Ivy, VA | 32 miles | 794 |
| Midland, VA | 32 miles | 122 |
| Front Royal, VA | 33.2 miles | 15,296 |
| Louisa, VA | 33.4 miles | 2,435 |
| Harriston, VA | 33.9 miles | 1,212 |
| Apple Mountain Lake, VA | 34 miles | 1,671 |
| Conicville, VA | 34.2 miles | 446 |
| Maurertown, VA | 34.6 miles | 1,092 |
| Belmont Estates, VA | 34.7 miles | 1,162 |
| Columbia Furnace, VA | 34.7 miles | 307 |
| Crozet, VA | 34.9 miles | 9,289 |
| Skyland Estates, VA | 34.9 miles | 620 |
| Singers Glen, VA | 34.9 miles | 155 |
| Toms Brook, VA | 35.3 miles | 439 |
| Dayton, VA | 35.8 miles | 1,920 |
| Alonzaville, VA | 35.9 miles | 296 |
| Weyers Cave, VA | 36.1 miles | 2,744 |
| Shenandoah Shores, VA | 36.1 miles | 611 |
| Crimora, VA | 36.3 miles | 1,252 |
| Mount Crawford, VA | 36.3 miles | 532 |
| Basye, VA | 36.4 miles | 1,481 |
| Lake Monticello, VA | 36.7 miles | 10,662 |
| New Baltimore, VA | 36.9 miles | 11,919 |
| Mineral, VA | 36.9 miles | 555 |
| Marshall, VA | 37.1 miles | 3,219 |
| Bridgewater, VA | 37.4 miles | 6,708 |
| Catlett, VA | 37.5 miles | 290 |
| Strasburg, VA | 37.9 miles | 7,214 |
| New Hope, VA | 38.1 miles | 900 |
| Shenandoah Farms, VA | 38.3 miles | 4,179 |
| North Garden, VA | 38.9 miles | 475 |
| Dooms, VA | 39.1 miles | 1,454 |
| Mount Sidney, VA | 39.4 miles | 703 |
| The Plains, VA | 39.4 miles | 164 |
| Middletown, VA | 39.9 miles | 1,786 |
| Palmyra, VA | 40.5 miles | 171 |
| Spotsylvania Courthouse, VA | 41.4 miles | 7,180 |
| Nokesville, VA | 41.7 miles | 1,226 |
| Afton, VA | 42 miles | 266 |
| Gainesville, VA | 42.2 miles | 18,196 |
| Southern Gateway, VA | 42.7 miles | 2,771 |
| Waynesboro, VA | 42.8 miles | 22,841 |
| Haymarket, VA | 42.8 miles | 1,580 |
| Verona, VA | 43.2 miles | 4,165 |
| Linton Hall, VA | 43.6 miles | 41,876 |
| Fredericksburg, VA | 44.3 miles | 187,349 |
| Stephens City, VA | 44.3 miles | 2,393 |