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CITY · 2010 ACS

Ferrum

Virginia · 2,043 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 $38,173. The city has grown rapidly, with population up 56% since 2000. Median home value has risen by half since 2000, reaching $140,800. At a median age of 21.0, residents skew younger than the country as a whole. The poverty rate of 24.3% is well above the national figure. Households here earn about 38% less than the Virginia median.

At a glance
Lower income
below the US median
US median: $52,703
Younger
median age 21.0
US median: 37.2
More educated
36% hold a bachelor's degree
US average: 28%
Less affordable
home values up 33%, inflation adjusted
US median home: $225,659
Section 01

Population & growth

Total population
2,043
+56%since 2000
from 1,313 in 2000
1990 – 2024
Population density
223 / sq mi
+56%since 2000
from 144 / sq mi in 2000
US average: 261
Median age
21.0
Unchangedsince 2000
from 20.9 in 2000
US average: 37.2
Population, 1990 – 2024
1K2K2K2K2K1990201020202024Ferrum
20242K
1990201020202024
Section 02

Income & economy

Median household income
$38,173
−14%inflation adjusted, since 2000
from $35,208 in 2000
US average: $52,703
1990 – 2024
Per capita income
$11,587
−6%since 2000
from $12,276 in 2000
US average: $27,286
Households earning $100K+
25.4%
+8.4 ptssince 2009
from 17.0% in 2009
US average: 33.3%
Poverty rate
24.3%
+14.6 ptssince 2000
from 9.7% in 2000
US average: 13.8%
Income inequality (Gini)
0.402
US average: 0.461
Workforce by industry, 2010
Wholesale trade21.7%
US avg: 7.2%
Information10.4%
US avg: 11.5%
Other services5.5%
US avg: 7%
Public administration5.5%
US avg: 4.9%
Retail trade2%
US avg: 10.9%
Arts, entertainment, food1.7%
US avg: 2.4%
Agriculture, forestry, fishing0%
US avg: 1.9%
Construction0%
US avg: 1.4%
Manufacturing0%
US avg: 0.5%
Transportation & warehousing0%
US avg: 3.1%
Finance & insurance0%
US avg: 5.1%
Professional, scientific, technical0%
US avg: 4.2%
Education & health services0%
US avg: 0.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$140,800
+33%inflation adjusted, since 2000
from $83,700 in 2000
US average: $225,659
1990 – 2024
Median gross rent
$547
+79%inflation adjusted, since 2000
from $241 in 2000
US average: $853
Owner-occupied
38.6%
−24.9 ptssince 2000
from 63.5% in 2000
34.2% rent
Vacancy rate
13.1%
−1.4 ptssince 2009
from 14.5% in 2009
US average: 12.1%
Owner cost-burdened
23.4%
−10.3 ptssince 2009
from 33.7% in 2009
US average: 30.9%
Renter cost-burdened
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 46.8%
Afford Score
3.7
+55%since 2000
from 2.4 in 2000
1990 – 2024
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)
2010
White, non-Hispanic68.3%(1,396)
Black21.5%(440)
Hispanic / Latino3.4%(70)
Asian0.6%(13)
Other3.9%(80)
Diversity Score57.6%(1,177)
Diversity Score
58
+48%since 2000
from 39 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
36.2%
+16.0 ptssince 2000
from 20.2% in 2000
US average: 27.9%
High school or higher
92.1%
+20.1 ptssince 2000
from 72.0% in 2000
US average: 84.9%
Graduate degree
13.0%
+0.3 ptssince 2000
from 12.8% in 2000
US average: 10.2%
Section 06

Commute & transportation

Average commute
14.4 min
−20%since 2000
from 18.0 min in 2000
US average: 25.2
Drive alone to work
49.1%
+7.3 ptssince 2009
from 41.8% in 2009
US average: 76.2%
Carpooled to work
5.2%
−11.0 ptssince 2009
from 16.2% in 2009
US average: 10.4%
Public transit
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 4.7%
Worked from home
7.3%
+7.3 ptssince 2009
from 0.0% in 2009
US average: 4.1%
Walked to work
38.4%
−3.6 ptssince 2009
from 42.0% in 2009
US average: 2.8%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.5%
No vehicle available
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 8.7%
Section 07

Work & employment

Self-employed
10.7%
−1.8 ptssince 2009
from 12.5% in 2009
US average: 12.9%
Management & professional
31.9%
−43.5 ptssince 2009
from 75.5% in 2009
US average: 35.2%
Section 08

People & community

Male
43.4%
−2.3 ptssince 2009
from 45.7% in 2009
Female
56.6%
+2.3 ptssince 2009
from 54.3% in 2009
Foreign born
1.2%
+1.2 ptssince 2009
from 0.0% in 2009
US average: 12.8%
Veterans
2.0%
−41.1 ptssince 2009
from 43.2% in 2009
US average: 9.9%
Drill deeper

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Compare Ferrum to nearby cities

FERRUM VS
Martinsville
Income$46,727+22%
Home value$98,400−30%
Population13,849+681%
SEE FULL COMPARISON →
FERRUM VS
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Income$87,539+129%
Home value$325,800+131%
Population25,742+1351%
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FERRUM VS
Roanoke
Income$55,378+45%
Home value$190,500+35%
Population99,111+5487%
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FERRUM VS
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Income$66,725+75%
Home value$258,600+84%
Population25,816+1355%
SEE FULL COMPARISON →
Frequently asked

How many people live in Ferrum, Virginia?

Ferrum, Virginia has about 2,043 residents according to the 2010 American Community Survey.

What is the median household income in Ferrum, Virginia?

The typical household in Ferrum, Virginia earns about $38,173 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 $140,800, and the typical rent is about $547 a month.

How educated are people in Ferrum, Virginia?

About 36.2% 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 24.3% 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 599 residents, a change of about 41 percent over that period.

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

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