At a Glance
Median Income
$31,750
$13,992 per capita
Home Value
$202,500
Zillow: $241,658
Median Rent
$662/mo
33.1% of income on rent
Violent Crime
269/100K
3,619/100K property
Bachelor's Degree+
28.1%
77.4% high school+
Unemployment
4.6%
35.5% poverty rate
Obesity Rate
37.5%
20.0% smoking rate
Avg Temperature
56°F
305 sunny days/yr
How Ferrum Compares to the U.S. Average
Each bar shows Ferrum's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Ferrum a Good Place to Live?
C
2.3 / 5.0 - Fair
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Ferrum residents earn a median household income of $31,750 , which is 58% below the national average of $75,149.
Per capita income is $13,992. The unemployment rate stands at 4.6% (28% above the U.S. rate of 3.6%). 35.5% of residents live below the poverty line. The area is home to 1,617 business establishments, including 84 restaurants.
Housing & Cost of Living
The median home value in Ferrum is $202,500 , 28% below the national median of $281,900.
Zillow estimates the typical home at $241,658. Median rent is $662/month, with 33.1% of renters spending more than 30% of income on housing. The cost of living index is 101.1 (100 = national average). The median home was built in 1965.
Safety & Crime
Ferrum reports 269 violent crimes per 100,000 residents
, which is 29% below the national average of 380/100K.
Property crime is 3,619/100K.
Education
28.1% of adults in Ferrum hold a bachelor's degree or higher
(17% below the national average).
77.4% have completed high school. Local schools score 4.6/10 in standardized testing.
Climate & Weather
Ferrum has an average annual temperature of 56°F (13°C).
Winters average 37°F in January while summers reach 76°F in July. The area gets 305 sunny days per year. Annual precipitation totals 49.2 inches. Air quality is rated Good with a median AQI of 35.
Data Overview
People
Population1,622
Median Age21.5 yrs
Density177/mi²
Male / Female56% / 44%
Foreign Born13.6%
Veterans2.7%
Economy
C
Median Income$31,750
Per Capita$13,992
Unemployment4.6%
Poverty35.5%
County GDP$2,216M
Avg Weekly Wage$899
Housing
B
Home Value$202,500
Rent$662
Ownership64.9%
Zillow$241,658
Housing Units469
Rent Burden33.1%
Crime
F
Violent269/100K
Property3,619/100K
Health
Obesity37.5%
Diabetes13.1%
Smoking20.0%
Heart Disease7.1%
Premature Death10,174/100K
Climate
Avg Temp56°F
Sunny Days305/yr
Rain49.2 in/yr
AQI35 (Good)
Elevation1,347 ft
Education
B
Bachelor's+28.1%
High School+77.4%
Graduate+16.0%
School Score4.6/10
Community
2024 VoteR 72% / D 27%
Commute25 min
Broadband90.0%
Internet Speed82 Mbps
EV Stations2
Libraries3
Did You Know?
The median home in Ferrum was built in 1965.
19.8% work from home.
The nearest airport is Roanoke/Blacksburg Regional (Woodrum Field) (27 miles).
The Gini coefficient (income inequality) is 0.469 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
17.8% of the population has a disability.
13.6% of residents are foreign-born.
The county recorded 14 fatal vehicle crashes.
91 declared natural disasters on record.
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