Everything You Should Know Before Moving to Ferrum, VA
Considering a move to Ferrum, VA? With a small-town population of about 2,000 and a median home price of $175,000, Ferrum offers affordable living and a welcoming rural atmosphere. Residents enjoy low crime rates, short 25-minute commutes, and proximity to Ferrum College. The area boasts four distinct seasons, 59% sunny days, and easy access to local healthcare. Explore Ferrum's friendly community, reasonable rents, and relaxed pace for your next home.
Demographics - Ferrum, VA
Demographics - Ferrum, VA
Ferrum, VA is a close-knit rural community of around 2,000 residents, featuring a notably young median age of 21.8, likely influenced by the presence of Ferrum College. The population is predominantly White, with small Black and other minority communities, and about 3.5% speak a language other than English at home. The gender ratio leans slightly female, contributing to a balanced and welcoming atmosphere.
Population:
2,000
Density:
200 per sq mi
Median Age:
21.8
Gender Ratio:
84 males per 100 females
Non-English Speakers Percentage:
3.5%
Ethnic Composition
White:
84.0%
Black:
10.1%
Asian:
0.8%
Others:
5.1%
Cost Of Living
What is the average cost of living in Ferrum, VA?
Living in Ferrum is highly affordable, with a median home value of $175,000 and average rent around $820 per month. The cost of living index is well below the national average, making it an attractive option for budget-conscious families and individuals. Essential expenses like utilities and groceries remain reasonable, further supporting a comfortable lifestyle.
Median House Value:
$175,000
Gross Rent:
$820
Monthly Electricity Charges:
$130
Auto Insurance:
$1,110
House Owner Cost With Mortgage:
$1,140
House Owner Cost Without Mortgage:
$360
State Taxes:
Low:
2.0%
|
High:
5.75%
Cost Of Living Index:
84.5
Grocery:
91.2
Housing:
71.0
Utilities:
98.6
Transportation:
82.4
Health Care:
93.0
Miscellaneous:
89.7
Crime
Is Ferrum, VA a safe place to live?
Ferrum enjoys a low crime rate, with violent crimes occurring at just 110 incidents per 100,000 residents and property crimes at 700 per 100,000. Residents have a low chance of experiencing crime, contributing to the town’s reputation as a safe and peaceful place to live. This safety makes Ferrum particularly appealing for families and students alike.
Violent Crimes Per 100k:
110
Property Crimes Per 100k:
700
Crime Index:
810
Chance Of Violent Crime:
1 in 910
Chance Of Property Crime:
1 in 143
Weather
What is the weather like in Ferrum, VA year-round?
Ferrum experiences all four seasons, with mild winters averaging lows of 27°F and warm summers peaking at 85°F. The area receives about 44.5 inches of rainfall annually and enjoys sunshine roughly 59% of the year. This balanced climate supports a variety of outdoor activities and a pleasant pace of life year-round.
Winter
Min:
27°F
Max:
46°F
Spring
Min:
44°F
Max:
68°F
Summer
Min:
63°F
Max:
85°F
Fall
Min:
45°F
Max:
69°F
Average Rainfall Inches:
44.5 inches
Sunny Days Percentage:
59%
Neighbors
Residents of Ferrum benefit from a modest median household income of $42,200 and a family income of $56,800, with an unemployment rate of 4.7%. The community maintains a strong high school graduation rate of over 82%, with nearly a quarter holding a bachelor’s degree or higher. Most people commute about 25 minutes to work, and public transportation usage is minimal, reflecting the town’s rural nature.
Median Income:
$23,500
Household Income:
$42,200
Family Income:
$56,800
Per Capita Income:
$17,100
Income Male:
$34,500
Income Female:
$27,000
Poverty Rate:
21.5%
Non English Speakers:
3.5%
Rent:
$820
Unemployment Rate:
4.7%
Public Transport Usage:
0.5%
Commute Time:
25.4 minutes
Education
High School or Higher:
82.1%
Bachelors or More:
23.7%
Education
How are the schools in Ferrum, VA?
Ferrum supports educational needs with Ferrum Elementary School, offering a student-teacher ratio of 14.6 for personalized attention. The town is also home to Ferrum College, a small liberal arts institution with about 900 students, providing higher education opportunities within the community. Private schooling options are limited, reflecting the town’s size and focus on public education.
Public Schools
Name:
Ferrum Elementary School
Street:
660 Ferrum School Rd
Phone:
540-365-2014
Students:
320
Student Teacher Ratio:
14.6
Colleges
Name:
Ferrum College
City:
Ferrum
State:
VA
Distance:
0 miles
Students:
900
Healthcare
Ferrum residents have convenient access to healthcare, with Carilion Franklin Memorial Hospital nearby offering emergency and general services. There are about 1.6 physicians per 1,000 residents, and nearly 90% of the population has health insurance coverage. The local healthcare index suggests reliable service for everyday needs and emergencies.
Major Hospitals
Name:
Carilion Franklin Memorial Hospital
Address:
390 S Main St, Rocky Mount, VA 24151
Phone:
(540) 483-5277
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
1.6
Health Insurance Coverage:
89.4%
Health Care Index:
67.8
Housing Market
What is the housing market like in Ferrum, VA?
The Ferrum housing market offers excellent value, with a median home price of $175,000 and average rent for a two-bedroom apartment at $820. Over half of local residents own their homes, and housing appreciation remains steady, making it a stable environment for both buyers and renters. The market also features a low foreclosure rate and modest new construction.
Median Home Price:
$175,000
Average Rent For 2 Bedroom:
$820
Owner Occupied Rate:
58.3%
Rental Vacancy Rate:
7.8%
Home Appreciation Rate (1yr):
4.1%
New Construction Rate:
1.0%
Foreclosure Rate:
0.8%
DMV Information
As part of Virginia, Ferrum residents manage vehicle registration and licensing through the Virginia Department of Motor Vehicles, headquartered in Richmond. Services can be accessed online or via the main office for added convenience. The DMV provides comprehensive resources to support drivers and vehicle owners throughout the state.
State:
Virginia
Department:
Virginia Department of Motor Vehicles
Address:
2300 W. Broad St., Richmond, VA 23220
Phone:
1-804-497-7100
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.