Ferrum, VA
Population 1,622 · Virginia
About Ferrum, VA
Ferrum is a small community in Virginia with a population of 1,622 residents. The median household income is $31,750 per year, which is below the national average. The median age in Ferrum is 21.5 years.
Housing in Ferrum has a median home value of $202,500 and median monthly rent of $662. Of the 436 total housing units, the majority are owner-occupied, with 220 owner-occupied and 119 renter-occupied units.
The unemployment rate in Ferrum is 8.4% and the poverty rate is 35.1%. 28.1% of residents hold a bachelor's degree or higher. The average commute time is 24.6 minutes.
How Ferrum Ranks in Virginia
Cost of Living in Ferrum, VA
Compared to national averages, Ferrum has a median household income of $31,750 (58% below the national median of $75,149). Home values average $202,500, which is 17% below the national median. Monthly rent at $662 is 43% below the US average of $1,163. Within Virginia, Ferrum's income is 64% below the state average of $87,957, and home values are 38% below the state median of $327,514.
Why Live in Ferrum, VA?
Ferrum offers affordable housing with a median home value of $202,500, below the US average of $244,900, and rent that’s lower than the national average at $662/month, and short commute times averaging just 24.6 minutes.
Potential considerations include median household income ($31,750) that falls below the national average. However, Ferrum’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Ferrum has a population of 1,622 with a median age of 21.5 years. Compare Ferrum with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Ferrum
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Nellysford | 1,623 | $133,036 | $520,000 | Compare |
| Rural Retreat | 1,614 | $60,114 | $167,900 | Compare |
| Appalachia | 1,612 | $38,942 | $65,500 | Compare |
| Middletown | 1,634 | $57,175 | $288,200 | Compare |
| Coeburn | 1,606 | $53,750 | $107,800 | Compare |
| Haymarket | 1,591 | $174,306 | $563,600 | Compare |
| Bull Run Mountain Estates | 1,582 | $195,781 | $626,700 | Compare |
| Camp Barrett | 1,569 | $0 | $0 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Virginia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Ferrum With Other Cities
Frequently Asked Questions about Ferrum
What is the population of Ferrum, VA?
The population of Ferrum, VA is 1,622 according to the latest Census data.
What is the median household income in Ferrum?
The median household income in Ferrum, VA is $31,750 per year.
What is the median home value in Ferrum?
The median home value in Ferrum, VA is $202,500.
What is the average rent in Ferrum?
The median monthly rent in Ferrum, VA is $662.
What is the unemployment rate in Ferrum?
The unemployment rate in Ferrum, VA is 8.4%.