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Ferrum, VA
Full City Profile · Virginia · Franklin County County
2.3
/5.0
C
Fair
1,622
Population
177/sq mi density
$31,750
Median Income
$13,992 per capita
$202,500
Home Value
$241,658 Zillow
$662
Median Rent
33.1% income on rent
56°F
Avg Temperature
305 sunny days/yr
269
Violent Crime/100K
3,619 property/100K
C
Overall
2.3 / 5.0
Fair overall score based on economy, affordability, safety and education
C
Economy
2.0 / 5.0
$31,750 median income, 4.6% unemployment
B
Affordability
3.1 / 5.0
$202,500 home value, $662/mo rent
F
Safety
1.0 / 5.0
269 violent crimes/100K
B
Education
3.2 / 5.0
28.1% bachelor's degree or higher
Housing Overview
Median Home Value
$202,500
28% below
US avg: $281,900
Median Rent
$662/mo
43% below
US avg: $1,163/mo
Homeownership Rate
64.9%
1% below US avg (65.4%)
Total Housing Units
469
Median year built: 1965
Home Value by Source
Census Median
$202,500
Zillow (ZHVI)
$241,658
Median Sale Price
$450,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
64.9%
Owner-Occupied
35.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,137/mo
1 Bedroom
$1,181/mo
2 Bedroom
$1,369/mo
3 Bedroom
$1,787/mo
4 Bedroom
$2,126/mo
Census median rent:
$662/mo
Market Indicators (Redfin)
Median Days on Market
144 days
Sale-to-List Ratio
0.8%
Buyers market
Homes Sold
1
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$131
Affordability & Housing Stock
Rent Burden
33.1%
of renters spending 30%+ of income on housing
7% above US avg (31.0%)
Median Year Built
1965
Average age of housing stock: 61 years
Homeownership Rate
64.9%
Complete Housing Data
Home Values
| Census Median Value | $202,500 |
| Zillow Home Value (ZHVI) | $241,658 |
| Median Sale Price | $450,000 |
| Price Per Sq Ft | $131 |
Rent
| Census Median Rent | $662 |
| FMR Studio | $1,137 |
| FMR 1-Bedroom | $1,181 |
| FMR 2-Bedroom | $1,369 |
| FMR 3-Bedroom | $1,787 |
| FMR 4-Bedroom | $2,126 |
Market
| Days on Market | 144 |
| Sale-to-List Ratio | 0.8% |
| Price Drops | 0.0% |
| Homes Sold | 1 |
| Price Per Sq Ft | $131 |
Ownership & Stock
| Owner-Occupied | 64.9% |
| Renter-Occupied | 35.1% |
| Homeownership Rate | 64.9% |
| Total Housing Units | 469 |
| Median Year Built | 1965 |
| Rent Burden | 33.1% |