Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 36.9 yrs |
|---|---|
| Avg HH Size | 2.30 |
| Below Poverty | 15.6% ▲ 56% above avg |
| College Grads | 25.3% ▼ 35% below avg |
| Unemployment | 3.6% ▼ 26% below avg |
| No HS Diploma | 48 (1.8%) |
| HS Graduate | 981 (37.1%) |
| Some College | 581 (22%) |
| Associates | 363 (13.7%) |
| Bachelors | 162 (6.1%) |
| Graduate Degree | 506 (19.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $39,905 ▼ 48% below avg |
|---|---|
| Median Home Value | $127,100 ▼ 54% below avg |
| Home/Income Ratio | 3.2x (nat avg ~3.5x) |
| Median Rent | $658/mo |
| Total Housing Units | 2,115 |
| Vacant Units | 328 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Ferrum is a city in Virginia, located in Franklin County. The city spans 1 ZIP code and is home to approximately 4,999 residents. It is a relatively young city, with a median age of 36.9 years.
Economically, Ferrum is a lower-income community. The median household income of $39,905 is below the national average. Approximately 15.6% of residents live below the poverty line. The unemployment rate is 3.6%, below the national average.
The real estate market in Ferrum is one of the more affordable housing markets in the country. Median home values stand at $127,100, which is well below the national average. Renters typically pay around $658 per month. Homeownership is high at 76.0%, typical of suburban and family-oriented communities.
The population of Ferrum is moderately educated. 25.3% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (85.64%).
Ferrum, VA offers residents a cost-conscious lifestyle within Virginia.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 24088 | 4,999 | $39,905 | $127,100 | $658 | 3.6% | 25.3% | 76.0% |