Median Household Income
$40,435 ± $19,996
Median Home Value
$188,900 ± $90,574
Median Gross Rent
$638 ± $304/mo
Per Capita Income
$17,108
Poverty Rate
37.1%
Unemployment Rate
7.3%
Homeownership Rate
69.5%
Bachelor's Degree or Higher
29.1%
Median Age
21.8
Average Commute
18 min
Households
406
Veterans
43
Population Over Time
Ferrum shrank 6.0% from 2014 to 2024.
2014
1,888
2016
2,357
2018
2,233
2020
2,148
2022
1,717
2024
1,774
Population by Race & Ethnicity
White
75.7%
Hispanic or Latino
1.9%
Black or African American
18.7%
Asian
0.1%
Nearby Cities in Virginia
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024. Estimates carry a margin of error (shown as ±) inherent to ACS's sample-based methodology.