Flatwoods, WV Profile: Facts & Data

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Flatwoods, West Virginia - Basic Facts

The Town of Flatwoods had a population of 243 as of July 1, 2023.

The primary coordinate point for Flatwoods is located at latitude 38.7232 and longitude -80.6498 in Braxton County. The formal boundaries for the Town of Flatwoods encompass a land area of 0.65 sq. miles and a water area of 0 sq. miles. Braxton County is in the Eastern time zone (GMT -5).

The Town of Flatwoods has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Town of Flatwoods is located within Northern District, a minor civil division (MCD) of Braxton County.


Jump to... (On This Page!)
  1. Flatwoods 2023 Demographic Data
  2. Growth Rates for Flatwoods (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. West Virginia Research Tools (Easy Tools & Current Data)
  3. West Virginia Data Comparison Tool - 2023 Demographics
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Flatwoods, WV Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 243 (100%)
Population in Households 243 (100.0%)
Population in Families 198 (81.5%)
Population in Group Quarters1 0
Population Density 371
Diversity Index2 15
 
 

INCOME

Median Household Income $50,624
Average Household Income $74,452
% of Income for Mortgage4 20%
Per Capita Income $30,332
Wealth Index5 57
Socioeconomic Status Index6 Moderate (45.8)
 

HOUSING

Total HU (Housing Units) 115 (100%)
Owner Occupied HU 84 (73.0%)
Renter Occupied HU 15 (13.0%)
Vacant Housing Units 16 (13.9%)
Median Home Value $165,000
Average Home Value $184,226
Housing Affordability Index3 133
 

HOUSEHOLDS

Total Households 99
Average Household Size 2.45
Family Households 67
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population -2.52% -1.62%
Households -2.08% -1.24%
Families   -1.22%
Median Household Income   1.63%
Per Capita Income   3.03%
Owner Occupied HU   -1.98%

Flatwoods, WV - Peer Comparisons by Rank and Percentile

The table below compares Flatwoods to the other 439 incorporated cities, towns and CDPs in West Virginia by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 315 28th
Population Density # 301 32nd
Median Household Income # 169 62nd
Housing Affordability Index # 139 32nd
Per Capita Income # 151 66th
Diversity Index # 198 55th

Additional comparisons and rankings can be made with a VERY EASY TO USE West Virginia Census Data Comparison Tool.

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