[6] The history of Craigsville can be traced back to 1721 when a Scotch-Irish couple, William and Jeanette Craig, Scottish immigrants, received a land grant from the government for the purpose of farming.

The water and sewer systems have been updated with the assistance from Community Development Block Grants.

The Lehigh Portland Cement Company closed in 1968[8][9] as well as the Craigsville division of the Stillwater Worsted Mill Industry.

On the positive side, the Augusta Correctional Center moved into Estaline Valley.

[8] However, the prison’s permanent closure was announced in December 2023 by the Virginia Department of Corrections.

Craigsville’s economic livelihood is at stake; the town will lose key water revenue from the prison, and local businesses could also take a financial blow with fewer people coming into town.

[10] According to the United States Census Bureau, the town has a total area of 2.0 square miles (5.3 km2), all of it land.

[5] The only significant highway providing access to Craigsville is Virginia State Route 42.

The climate in this area is characterized by hot, humid summers and generally mild to cool winters.