Fort Gay, WV Profile: Facts & Data

The Town of Fort Gay had a population of 697 as of July 1, 2024. Fort Gay ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in West Virginia. See peer rankings below.

The primary coordinate point for Fort Gay is located at latitude 38.1162 and longitude -82.5957 in Wayne County. The formal boundaries for the Town of Fort Gay encompass a land area of 0.84 sq. miles and a water area of 0.05 sq. miles. Wayne County is in the Eastern time zone (GMT -5).

The Town of Fort Gay 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.

Fort Gay, WV Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	697 (100%)
Population in Households	692 (99.3%)
Population in Families	597 (85.7%)
Population in Group Quarters¹	5 ( 0.7%)
Population Density	845
Diversity Index²	5


INCOME
Median Household Income	$31,993
Average Household Income	$49,604
% of Income for Mortgage⁴	19%
Per Capita Income	$20,155
Wealth Index⁵	30
Socioeconomic Status Index⁶	Moderate (46.3)

HOUSING
Total HU (Housing Units)	335 (100%)
Owner Occupied HU	171 (51.0%)
Renter Occupied HU	112 (33.4%)
Vacant Housing Units	52 (15.5%)
Median Home Value	$96,795
Average Home Value	$104,532
Housing Affordability Index³	137

HOUSEHOLDS
Total Households	283
Average Household Size	2.45
Family Households	188
Average Family Size	3.00

NOTES

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.
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.
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.
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).
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.
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.

Fort Gay, WV - Peer Comparisons by Rank and Percentile

The table below compares Fort Gay to the other 439 incorporated cities, towns and CDPs in West Virginia by rank and percentile using July 1, 2024 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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.76%	-0.26%
Households	-0.57%	-0.36%
Families		-0.98%
Median Household Income		3.70%
Per Capita Income		3.14%
Owner Occupied HU		-0.12%

Variable Description	Rank	Percentile
Total Population	# 182	59th
Population Density	# 173	61st
Median Household Income	# 395	10th
Housing Affordability Index	# 175	40th
Per Capita Income	# 387	12th
Diversity Index	# 423	4th

Fort Gay, WV Profile: Facts & Data

Fort Gay, West Virginia - Basic Facts

Fort Gay, WV Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Fort Gay, WV - Peer Comparisons by Rank and Percentile

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