Speedwell, VA demographics:
population, income, and more

Total population
410
-20.1% year-over-year change
Median household income
$/yr
% year-over-year change
Housing units
356
-0.8% year-over-year change

Speedwell population

How many people live in Speedwell

Speedwell is home to 410 residents, according to the most recent Census data. Gender-wise, 53.4% of Speedwell locals are male, and 46.8% are female.

Total population
410
-20.1% year-over-year change
Gender ratio
Male
53.4%
219
Female
46.8%
192
Value Percent YoY change
Male 219 53.4% -16.7%
Female 192 46.8% -23.5%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

Adults between 25 and 44 make up 9.7% of the population, while another 21.4% fall into the 45 to 64 bracket. Finally, around 63.5% are 65 or older.

Median age
66.3
Age breakdown
Under 15
5.4%
15 to 24
0%
25 to 44
9.7%
45 to 64
21.4%
Over 65
63.5%
Value Percent YoY change
Under 15 22 5.4% -37.1%
25 to 44 40 9.7% -28.6%
45 to 64 88 21.4% -53.9%
Over 65 261 63.5% 12.5%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

There’s also a share of 1.7% that includes residents with two or more races.

Citizenship
U.S.-born citizens
100%
Non-U.S.-born citizens
0%
Non-citizens
0%
Value Percent YoY change
U.S.-born citizens 410 100% -19.1%
Racial breakdown
White
98.3%
Black or African American
0%
American Indian and Alaska Native
0%
Asian
0%
Native Hawaiian and other Pacific Islander
0%
Two or more races
1.7%
Other
0%
Value Percent
White 403 98.3%
Two or more races 7 1.7%

Households in Speedwell

A peek inside Speedwell households

Speedwell has 290 households, with an average of 1 members in each. Of these, 47.6% are families, while the remaining 52.4% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
290
1.8% year-over-year change
Average people per household
1
Non-family households
152
Family households
138
Value Percent YoY change
Non-family households 152 52.4% 22.6%
Family households 138 47.6% -14.3%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Speedwell

The housing landscape of Speedwell

Speedwell's housing consists of 356 units, with 62.6% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 8.4% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 28.9% of the housing landscape.

Housing units
356
-0.8% year-over-year change
Housing types
Value Percent
1 unit, detached 223 62.6%
1 unit, attached 30 8.4%
Mobile home 103 28.9%
Homes built since 2020
% year-over-year change

The age of buildings in Speedwell

In Speedwell, the median construction year is 1972. About 13.8% of homes were built before the 1940s, with another 4.2% going up by 1949. Most development happened in the second half of the 20th century.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 49 13.8% -18.3%
Built between 1940 and 1949 15 4.2% 7.1%
Built between 1950 and 1959 41 11.5% 57.7%
Built between 1960 and 1969 62 17.4% -17.3%
Built between 1970 and 1979 69 19.4% -17.9%
Built between 1980 and 1989 53 14.9% 60.6%
Built between 1990 and 1999 25 7% -13.8%
Built between 2000 and 2009 42 11.8% 10.5%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Speedwell occupancy rates

Out of the 290 occupied housing units in Speedwell, 85.5% are owner-occupied, while 14.5% are lived in by tenants. Meanwhile, 18.5% of all homes on the local market sit vacant.

Occupied housing units
290
1.8% year-over-year change
Occupancy breakdown
Renter occupied
42
Owner occupied
248
Value Percent YoY
change
Renter occupied 42 14.5% -26.3%
Owner occupied 248 85.5% 8.8%
Unoccupied housing units
18.5%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Speedwell housing costs

Median housing costs per month
$679/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.

Education in Speedwell

Speedwell education at a glance

About 44.5% of the population in Speedwell went to high school, while 33.2% pursued college studies. Another 5.1% earned an associate degree and 12.6% hold a bachelor’s. Meanwhile, 1.8% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 11 2.8% 57.1%
High school diploma 173 44.5% -28.5%
College diploma 129 33.2% -5.8%
Associate degree 20 5.1% 185.7%
Bachelor's degree 49 12.6% -14.0%
Graduate degree 7 1.8% -75.9%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Speedwell

How much people earn in Speedwell

The average annual household income in Speedwell was $65,232 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a -0.6% change from the previous year.

Average household income in Speedwell
$65,232/year
-0.6% year-over-year change

Speedwell income by age

Overall, 93.4% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Over 65 $34,127 5.8%
Above poverty level
384
Below poverty level
27
Value Percent YoY
change
Above poverty level 384 93.4% -10.1%
Below poverty level 27 6.6% -68.6%

Employment in Speedwell

Workforce and job types in Speedwell

59.4% of the working population are employed in professional or administrative positions, while 40.6% are in hands-on or service-based jobs. Also, 3.9% run their own businesses, 78.7% are employed by private companies, and 17.4% work in the public sector.

Workforce demographics

White collar
123
Blue collar
84
Value Percent YoY change
White collar 123 59.4% -30.9%
Blue collar 84 40.6% 100.0%
Employer type
Self employees
3.9%
Private companies
78.7%
Governmental workers
17.4%
Not for profit companies
0%
Value Percent YoY change
Self employees 8 3.9% 0.0%
Private companies 163 78.7% -0.6%
Governmental workers 36 17.4% -25.0%

Transportation in Speedwell

How people get around in Speedwell

Means of transportation
Value Percent YoY change
Car 157 100% -9.2%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Speedwell by zipcode?

Zipcode Population Number of households Median income Average income
24374 411 290 $0 $65,391

Explore more communities

FAQs about Speedwell demographics 

What is the total population of Speedwell?

Speedwell has a total population of 410 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by -20.1% compared to a year ago.

What is the gender ratio in Speedwell?

The gender ratio in Speedwell is as follows:
  • 53.4% males (219 residents)
  • 46.8% females (192 residents)

What is the median age in Speedwell?

The median age in Speedwell is 66.3.

What is the age distribution of the population in Speedwell?

The age distribution in Speedwell is as follows:
  • Under 15: 5.4% (22 residents)
  • Ages 15-24: 0% ( residents)
  • Ages 25-44: 9.7% (40 residents)
  • Ages 45-64: 21.4% (88 residents)
  • Over 65: 63.5% (261 residents)

What is the racial and ethnic makeup of Speedwell?

The racial and ethnic makeup of Speedwell is as follows:
  • White: 98.3% (403 residents)
  • Black or African American: 0% ( residents)
  • American Indian and Alaska Native: 0% ( residents)
  • Asian: 0% ( residents)
  • Native Hawaiian and Other Pacific Islander: 0% ( residents)
  • Two or More Races: 1.7% (7 residents)
  • Other: 0% ( residents)

What percentage of the population in Speedwell are U.S.-born citizens?

U.S.-born citizens represent 100% of the population in Speedwell.

How many housing units are there in Speedwell?

There are 356 housing units in Speedwell, reflecting a -0.8% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Speedwell and what is the average household size?

Speedwell has a total of 290 households, with an average of 1 people in each.

What is the job market overview for Speedwell?

Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 59.4% (123 residents)
  • Blue-collar workers: 40.6% (84 residents)

Places of employment:
  • Self-employed: 3.9% (8 residents)
  • Private companies: 78.7% (163 residents)
  • Governmental workers: 17.4% (36 residents)
  • Not-for-profit companies: 0% ( residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025