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CITY

Ferrum

Virginia · 1,774 residents · 9.149 sq mi
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The short version

Ferrum has notably lower household income than the US average, with a median household income of $40,435. Population has grown 35% since 2000. Median home value has more than doubled since 2000, reaching $188,900. At a median age of 21.8, residents skew younger than the country as a whole. The poverty rate of 37.1% is well above the national figure. Households here earn about 57% less than the Virginia median.

At a glance
Lower income
below the US median
US median: $82,259
Younger
median age 21.8
US median: 38.9
Less educated
29% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
1,774
+35%since 2000
from 1,313 in 2000
1990 – 2024
Population density
194 / sq mi
+35%since 2000
from 144 / sq mi in 2000
US average: 281
Median age
21.8
+4%since 2000
from 20.9 in 2000
US average: 38.9
Population, 1990 – 2024
1K2K2K2K2K1990201020202024Ferrum
20242K
1990201020202024
Section 02

Income & economy

Median household income
$40,435
−37%inflation adjusted, since 2000
from $35,208 in 2000
US average: $82,259
1990 – 2024
Per capita income
$17,108
+39%since 2000
from $12,276 in 2000
US average: $44,673
Households earning $100K+
32.8%
+15.8 ptssince 2009
from 17.0% in 2009
US average: 53.3%
Poverty rate
37.1%
+27.4 ptssince 2000
from 9.7% in 2000
US average: 12.5%
Income inequality (Gini)
0.471
+17%since 2010
from 0.402 in 2010
US average: 0.476
Workforce by industry, 2024
Information16.6%
US avg: 10.8%
Wholesale trade8.4%
US avg: 6.9%
Retail trade4.1%
US avg: 9.9%
Agriculture, forestry, fishing3.2%
US avg: 1.6%
Construction3.2%
US avg: 1.2%
Other services2.6%
US avg: 6.7%
Public administration2.6%
US avg: 4.8%
Arts, entertainment, food1.9%
US avg: 1.9%
Finance & insurance1.4%
US avg: 5.9%
Professional, scientific, technical1.4%
US avg: 5.1%
Manufacturing0%
US avg: 0.4%
Transportation & warehousing0%
US avg: 2.2%
Education & health services0%
US avg: 0.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$188,900
+24%inflation adjusted, since 2000
from $83,700 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$638
+45%inflation adjusted, since 2000
from $241 in 2000
US average: $1,442
Owner-occupied
69.5%
+5.9 ptssince 2000
from 63.5% in 2000
30.5% rent
Vacancy rate
0.0%
−14.5 ptssince 2009
from 14.5% in 2009
US average: 10.0%
Owner cost-burdened
34.4%
+0.7 ptssince 2009
from 33.7% in 2009
US average: 22.9%
Renter cost-burdened
40.3%
+40.3 ptssince 2009
from 0.0% in 2009
US average: 47.4%
Afford Score
4.7
+97%since 2000
from 2.4 in 2000
1990 – 2024
Gentrification Score
14
RELATED:See current rent listings in Ferrum on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic80%(1,051)
Black16%(210)
Hispanic / Latino1.7%(22)
Asian0.7%(9)
Other0%
Diversity Score38.9%(511)
2024
White, non-Hispanic75.3%(1,335)
Black18.7%(332)
Hispanic / Latino1.9%(33)
Asian0.1%(2)
Other4.1%(72)
Diversity Score49.6%(880)
Diversity Score
50
+27%since 2000
from 39 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
29.1%
+9.0 ptssince 2000
from 20.2% in 2000
US average: 35.6%
High school or higher
82.5%
+10.5 ptssince 2000
from 72.0% in 2000
US average: 89.6%
Graduate degree
12.7%
Unchangedsince 2000
from 12.8% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
23.5 min
+31%since 2000
from 18.0 min in 2000
US average: 26.5
Drive alone to work
46.5%
+4.7 ptssince 2009
from 41.8% in 2009
US average: 68.9%
Carpooled to work
10.9%
−5.3 ptssince 2009
from 16.2% in 2009
US average: 8.5%
Public transit
1.4%
+1.4 ptssince 2009
from 0.0% in 2009
US average: 3.2%
Worked from home
23.1%
+23.1 ptssince 2009
from 0.0% in 2009
US average: 15.0%
Walked to work
18.0%
−24.0 ptssince 2009
from 42.0% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
2.5%
+2.5 ptssince 2009
from 0.0% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
7.3%
+0.3 ptssince 2011
from 7.0% in 2011
US average: 5.2%
Labor force participation
54.8%
−14.2 ptssince 2011
from 69.0% in 2011
US average: 63.5%
Self-employed
20.1%
+7.6 ptssince 2009
from 12.5% in 2009
US average: 13.1%
Management & professional
31.0%
−44.4 ptssince 2009
from 75.5% in 2009
US average: 42.5%
Section 08

People & community

Male
52.4%
+6.6 ptssince 2009
from 45.7% in 2009
Female
47.6%
−6.6 ptssince 2009
from 54.3% in 2009
Foreign born
0.6%
+0.6 ptssince 2009
from 0.0% in 2009
US average: 14.1%
Veterans
2.9%
−40.3 ptssince 2009
from 43.2% in 2009
US average: 6.2%
With a disability
15.4%
+4.3 ptssince 2012
from 11.1% in 2012
US average: 13.3%
Uninsured
2.8%
−82.9 ptssince 2013
from 85.7% in 2013
US average: 8.4%
Broadband at home
93.8%
+32.9 ptssince 2017
from 60.9% in 2017
US average: 91.0%
English only at home
97.0%
+3.4 ptssince 2016
from 93.6% in 2016
US average: 77.7%
Spanish at home
2.8%
−3.0 ptssince 2016
from 5.9% in 2016
US average: 13.6%
Drill deeper

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Compare Ferrum to nearby cities

FERRUM VS
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Income$46,727+16%
Home value$98,400−48%
Population13,849+681%
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FERRUM VS
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Home value$325,800+72%
Population25,742+1351%
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FERRUM VS
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Income$55,378+37%
Home value$190,500+1%
Population99,111+5487%
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FERRUM VS
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Income$66,725+65%
Home value$258,600+37%
Population25,816+1355%
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Frequently asked

How many people live in Ferrum, Virginia?

Ferrum, Virginia has about 1,774 residents according to the 2024 American Community Survey.

What is the median household income in Ferrum, Virginia?

The typical household in Ferrum, Virginia earns about $40,435 a year. Half of households make more than that, and half make less.

Is Ferrum, Virginia expensive?

In Ferrum, Virginia, the median home is worth about $188,900, and the typical rent is about $638 a month.

How educated are people in Ferrum, Virginia?

About 29.1% of adults age 25 and over in Ferrum, Virginia hold a bachelor's degree or higher.

What is the poverty rate in Ferrum, Virginia?

About 37.1% of people in Ferrum, Virginia live below the federal poverty line.

Has Ferrum, Virginia grown since 1990?

Yes, Ferrum, Virginia has grown since 1990. The population has added about 330 residents, a change of about 23 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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