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CITY · 2020 ACS

Ferrum

Virginia · 1,827 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 $45,408. Population has grown 39% since 2000. 16% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value is $90,500. At a median age of 21.7, residents skew younger than the country as a whole. Households here earn about 41% less than the Virginia median.

At a glance
Lower income
below the US median
US median: $66,278
Younger
median age 21.7
US median: 38.8
Less educated
16% hold a bachelor's degree
US average: 33%
More affordable
home values down 28%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
1,827
+39%since 2000
from 1,313 in 2000
1990 – 2024
Population density
200 / sq mi
+39%since 2000
from 144 / sq mi in 2000
US average: 280
Median age
21.7
+4%since 2000
from 20.9 in 2000
US average: 38.8
Population, 1990 – 2024
1K2K2K2K2K1990201020202024Ferrum
20242K
1990201020202024
Section 02

Income & economy

Median household income
$45,408
−14%inflation adjusted, since 2000
from $35,208 in 2000
US average: $66,278
1990 – 2024
Per capita income
$13,717
+12%since 2000
from $12,276 in 2000
US average: $35,364
Households earning $100K+
29.3%
+12.3 ptssince 2009
from 17.0% in 2009
US average: 43.9%
Poverty rate
24.0%
+14.2 ptssince 2000
from 9.7% in 2000
US average: 12.8%
Workforce by industry, 2020
Information15.8%
US avg: 11.1%
Retail trade11.6%
US avg: 10%
Finance & insurance4.9%
US avg: 5.5%
Professional, scientific, technical4.9%
US avg: 4.7%
Other services4.6%
US avg: 6.6%
Agriculture, forestry, fishing0.9%
US avg: 1.7%
Construction0.9%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
Wholesale trade0%
US avg: 6.7%
Transportation & warehousing0%
US avg: 2.5%
Education & health services0%
US avg: 0.8%
Arts, entertainment, food0%
US avg: 2%
Public administration0%
US avg: 4.7%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$90,500
−28%inflation adjusted, since 2000
from $83,700 in 2000
US average: $265,253
1990 – 2024
Owner-occupied
84.5%
+21.0 ptssince 2000
from 63.5% in 2000
15.5% rent
Afford Score
2.0
−16%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)
2020
White, non-Hispanic77.8%(1,422)
Black8.5%(155)
Hispanic / Latino6.9%(126)
Asian2.1%(39)
Other1.6%(29)
Diversity Score42.7%(780)
Diversity Score
43
+10%since 2000
from 39 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
16.4%
−3.8 ptssince 2000
from 20.2% in 2000
US average: 32.9%
High school or higher
74.4%
+2.4 ptssince 2000
from 72.0% in 2000
US average: 88.5%
Graduate degree
4.7%
−8.0 ptssince 2000
from 12.8% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
19.0 min
+5%since 2000
from 18.0 min in 2000
US average: 26.9
Drive alone to work
61.4%
+19.6 ptssince 2009
from 41.8% in 2009
US average: 75.1%
No vehicle available
3.7%
+3.7 ptssince 2009
from 0.0% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
12.6%
+5.7 ptssince 2011
from 7.0% in 2011
US average: 5.4%
Labor force participation
51.9%
−17.1 ptssince 2011
from 69.0% in 2011
US average: 63.4%
Management & professional
27.7%
−47.8 ptssince 2009
from 75.5% in 2009
US average: 39.3%
Section 08

People & community

Male
55.2%
+9.4 ptssince 2009
from 45.7% in 2009
Female
44.8%
−9.4 ptssince 2009
from 54.3% in 2009
Foreign born
0.8%
+0.8 ptssince 2009
from 0.0% in 2009
US average: 13.5%
Uninsured
8.7%
−77.0 ptssince 2013
from 85.7% in 2013
US average: 8.8%
Drill deeper

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Compare Ferrum to nearby cities

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Income$46,727+3%
Home value$98,400+9%
Population13,849+681%
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FERRUM VS
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Income$87,539+93%
Home value$325,800+260%
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FERRUM VS
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Income$55,378+22%
Home value$190,500+110%
Population99,111+5487%
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FERRUM VS
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Income$66,725+47%
Home value$258,600+186%
Population25,816+1355%
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Frequently asked

How many people live in Ferrum, Virginia?

Ferrum, Virginia has about 1,827 residents according to the 2020 American Community Survey.

What is the median household income in Ferrum, Virginia?

The typical household in Ferrum, Virginia earns about $45,408 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 $90,500.

How educated are people in Ferrum, Virginia?

About 16.4% 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 24.0% 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 383 residents, a change of about 27 percent over that period.

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

How we source and harmonize this data →