Wise, Virginia: commercial real estate data.
Wise is a Census town of 2,916 people across 3.04 square miles of land, in Wise County. Median household income is $53,596, 71.3 percent of occupied homes are owned, and the SBA record carries 1 7(a) approvals to borrowers here worth $8,700 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Wise
What Wise is
- Census place typetown
- Land area3.04 sq mi
- Water area0.01 sq mi
- Population per square mile of land960
- County holding the largest share of its areaWise County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wise
How many people live in Wise
- Population2,916
- Median age36.5
- Population under 18621 plus or minus 233
- Share under 1821.3 percent plus or minus 8.0
- Population 65 and over514 plus or minus 219
- Share 65 and over17.6 percent plus or minus 7.5
- Households1,298
- Family households763
- Share of households that are families58.8 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wise
Income and work in Wise
- Median household income$53,596 plus or minus $13,891
- Per capita income$34,200 plus or minus $12,532
- Civilian labor force1,334
- Employed1,293
- Unemployed41 plus or minus 55
- Unemployment rate3.1 percent plus or minus 4.1
- Adults 25 and over2,028
- Adults 25 and over with a high school diploma or higher86.7 percent plus or minus 17.7
- Adults 25 and over with a bachelor degree or higher25.2 percent plus or minus 9.1
- Adults 25 and over with a graduate degree12.0 percent plus or minus 6.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wise
Housing in Wise
- Housing units1,484
- Occupied units1,298
- Vacant units186 plus or minus 128
- Vacancy rate12.5 percent plus or minus 8.4
- Owner occupied926 plus or minus 208
- Renter occupied372 plus or minus 156
- Ownership rate71.3 percent
- Median owner-occupied home value$144,700
- Median gross rent, monthly$825
- Annual rent as a share of median income18.5 percent plus or minus 5.4
- Single family units860 plus or minus 227
- Share single family58.0 percent plus or minus 11.9
- Units in buildings of two or more290 plus or minus 165
- Share in buildings of two or more19.5 percent plus or minus 10.6
- Mobile homes334 plus or minus 143
- Median year structure built1982
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wise
How Wise gets to work
- Workers 16 and over who commute1,009 plus or minus 268
- Commuting under 15 minutes456 plus or minus 195
- Share commuting under 15 minutes45.2 percent plus or minus 15.1
- Commuting 30 minutes or more305 plus or minus 173
- Share commuting 30 minutes or more30.2 percent plus or minus 15.1
- Drove alone69.6 percent plus or minus 16.8
- Carpooled6.3 percent plus or minus 4.6
- Public transport0.0 percent
- Walked3.0 percent plus or minus 4.8
- Worked from home18.5 percent plus or minus 8.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wise
SBA loans in Wise (7(a))
- Approvals1
- Gross approval$8,700
- Average approval$8,700
- Median approval$8,700
- Largest approval$8,700
- Jobs supported2
- Jobs per approval2.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term84 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS1
Counted by borrower city: approvals to borrowers whose address is in Wise, in any county, FY2020 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Wise
Flood risk in Wise
- NFIP communityTown of Wise
- NFIP community number510179
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date02/18/11
The Town of Wise participates in the National Flood Insurance Program as community 510179 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Wise County, not Wise
Wise County context, not Wise figures
- Establishments in Wise County607
- Covered employment, Wise County10,969
- Average annual pay, Wise County$46,985
- Housing units permitted, Wise County16
Every figure in this section is published for Wise County as a whole and is not a measurement of Wise.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Wise questions, answered from the record.
How many people live in Wise, Virginia?
2,916, in 1,298 households. Wise town covers 3.04 square miles of land, which is 960 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Wise in?
Wise County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Wise?
$53,596. The median owner-occupied home is valued at $144,700. Median gross rent is $825 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Wise businesses?
1 7(a) approvals totaling $8,700 since FY2020, across 1 lenders, median approval $8,700. These count approvals to borrowers whose address is in Wise, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Wise borrowers get paid back?
No rate is published for Wise. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Wise in the National Flood Insurance Program?
Yes. Wise appears in the FEMA Community Status Book as Wise, town of, community 510179, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Wise figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Wise County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Wise.
Is zoning published for Wise?
No. Nothing on this page presents parcel level zoning.