Virginia / Madison County

Moving to Banco, VA

Thinking of making a move to Banco, VA? Get helpful local information about living costs, neighborhoods, schools, weather, housing, DMV details, and practical relocation details before you plan your move.

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Everything You Should Know Before Moving to Banco, VA

Considering a move to Banco, VA? This welcoming community of 150 residents offers a blend of suburban charm and convenience, with median home prices around $210,000 and average rents near $900. Commute times average 33 minutes and public transport is accessible, making it great for professionals. The area boasts low violent crime, strong schools, and plenty of sunny days (59% annually), ideal for families and commuters alike. Explore Banco's cost of living, education, and friendly neighborhoods to see if it's the right fit for your next move.

Demographics - Banco, VA

Banco has a population of 150 residents, offering a diverse community with a median age of nearly 45 and a balanced gender ratio. The area features a strong blend of backgrounds, with about 91% White, 4% Black, and 1% Asian residents, and over 4% speaking a language other than English at home. Its high population density contributes to a lively suburban atmosphere.

Population
150
Density
30 per sq mi
Median Age
45.2
Gender Ratio
99 males per 100 females
Non-English Speakers Percentage
4.2%

Ethnic Composition

White
91.0%
Black
3.5%
Asian
1.0%
Others
4.5%

Cost Of Living

What is the average cost of living in Banco, VA?

The cost of living in Banco is higher than the national average, with a cost of living index of 89.4. Median home values are around $210,000 and average rents for a two-bedroom apartment are approximately $900. Utilities, groceries, and transportation costs are also elevated, reflecting the area's desirable location and amenities.

Median House Value
$210,000
Gross Rent
$900
Monthly Electricity Charges
$125
Auto Insurance
$1,230
House Owner Cost With Mortgage
$1,140
House Owner Cost Without Mortgage
$420
State Taxes
Low: 2.0%| High: 5.75%
Cost Of Living Index
89.4
Grocery
96.0
Housing
72.0
Utilities
98.0
Transportation
89.0
Health Care
93.0
Miscellaneous
90.0

Crime

Is Banco, VA a safe place to live?

Banco is considered a safe community, with a low violent crime rate of 60 incidents per 100,000 residents and a property crime chance of 1 in 145. Most residents enjoy peace of mind, making it an attractive choice for families. The crime index remains below many urban areas in Virginia.

Violent Crimes Per 100k
60
Property Crimes Per 100k
690
Crime Index
750
Chance Of Violent Crime
1 in 1,600
Chance Of Property Crime
1 in 145

Weather

What is the weather like in Banco, VA year-round?

Banco experiences four distinct seasons, with warm summers reaching highs of 86°F and cold winters dipping to 25°F. The area receives about 44 inches of rainfall annually and enjoys sunshine on 59% of days. This climate offers residents a balanced mix of outdoor opportunities year-round.

Winter

Min
25°F
Max
43°F

Summer

Min
62°F
Max
86°F

Spring

Min
44°F
Max
70°F

Fall

Min
46°F
Max
71°F
Average Rainfall Inches
43.5 inches
Sunny Days Percentage
59%

Neighbors

The neighborhood boasts a healthy median household income of $52,000 and a low poverty rate of 13.0%. Over 87% of residents have at least a high school diploma, and nearly 17% hold a bachelor's degree or higher. Commute times average 33 minutes, and almost 0% use public transportation, reflecting the area's accessibility and educated population.

Median Income
$35,000
Household Income
$52,000
Family Income
$60,000
Per Capita Income
$27,000
Income Male
$36,000
Income Female
$29,000
Poverty Rate
13.0%
Non English Speakers
4.2%
Rent
$900
Unemployment Rate
4.0%
Public Transport Usage
0.2%
Commute Time
32.5 minutes

Education

High School or Higher
86.5%
Bachelors or More
17.2%

Education

How are the schools in Banco, VA?

Banco offers quality education options, with public schools like Madison County High School and Waverly Yowell Elementary School known for favorable student-to-teacher ratios. Families also have access to private schools and several nearby colleges, including Piedmont Virginia Community College and James Madison University. The community is committed to educational excellence for all age groups.

Public Schools

Name
Madison County High School
Street
68 Mountaineer Lane
Phone
540-948-3785
Students
625
Student Teacher Ratio
13.5
Name
Waverly Yowell Elementary School
Street
1809 Main St
Phone
540-948-4511
Students
500
Student Teacher Ratio
14.0

Private Schools

Name
Redeemer Classical School
Street
109 Madison Ave, Keezletown, VA
Phone
540-437-0880
Students
140

Colleges

Name
Piedmont Virginia Community College
City
Charlottesville
State
VA
Distance
37 miles
Students
5,400
Name
James Madison University
City
Harrisonburg
State
VA
Distance
45 miles
Students
21,500

Healthcare

Banco residents have access to quality healthcare, with major hospitals like Page Memorial Hospital nearby. The community benefits from a high physician-to-resident ratio of 1.5 per 1,000 people and 89.5% health insurance coverage. Local healthcare services are reliable and comprehensive.

Major Hospitals

Name
Page Memorial Hospital
Address
200 Memorial Dr, Luray, VA 22835
Phone
(540) 743-4561
Type
General & Surgical
Emergency Services
Yes

Healthcare Access

Physicians Per 1000
1.5
Health Insurance Coverage
89.5%
Health Care Index
81.0

Housing Market

What is the housing market like in Banco, VA?

The local housing market is strong, with a median home price of $210,000 and an owner-occupied rate of nearly 74%. The market has seen a 4.1% appreciation over the past year, and rental vacancy rates remain moderate at 7.0%. Banco offers a mix of stability and opportunity for both buyers and renters.

Median Home Price
$210,000
Average Rent For 2 Bedroom
$900
Owner Occupied Rate
74.0%
Rental Vacancy Rate
7.0%
Home Appreciation Rate (1yr)
4.1%
New Construction Rate
1.2%
Foreclosure Rate
0.8%

DMV Information

Residents of Banco handle vehicle services through the Virginia Department of Motor Vehicles, conveniently located in Richmond. The state DMV provides driver licensing, vehicle registration, and other essential services both in person and online. Information and resources are easily accessible for new and existing residents.

State
Virginia
Department
Virginia Department of Motor Vehicles
Address
2300 W Broad St, Richmond, VA 23269
Phone
1-804-497-7100

Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.

FAQs About Moving to Banco, VA

Answers use the same city data shown on this page, including costs, housing, schools, safety, weather, healthcare, and DMV details.

Before moving to Banco, review the core fields on this page: population 150, median home value $210,000, average rent for 2 bedroom $900, commute time 32.5 minutes, and sunny days percentage 59%.

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