 It is regularly labeled a speed trap; the village earned revenues of $109,186 in mayor's court receipts in 2000, compared with $3,106 in property taxes.Hanging Rock is a part of the Huntington-Ashland, WV-KY-OH, Metropolitan Statistical Area (MSA); it had a population of 288,649 at the 2000 census.Hanging Rock had its start in 1820 when European Americans built a blast furnace at the site.