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Virginia · Census place 27712

Ferrum CDP, VA

Quick answer

Ferrum CDP has 1,622 residents, ranking #308 of 688 places in Virginia. Median household income is $31,750, the median home is worth $202,500 and median gross rent runs $662 a month.

Population
1,622Ferrum CDP residents
Median household income
$31,750Past 12 months, inflation adjusted
Median home value
$202,500Owner-occupied units
Median gross rent
$662Rent plus utilities, monthly
Median age
21.5 yrsAll residents
Homeownership rate
64.9%Owner-occupied households

What the numbers mean in Ferrum CDP

Housing cost measured against local earnings.

A household earning the Ferrum CDP median would spend about 25% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 6.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 35.1% of residents and 64.9% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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