Ferrum Real Estate Market Conditions

  • Median sales price

    $300,000
    5.7% change since last quarter

  • # Active listings

    32
    30-day change

Ferrum Schools and Demographics

Education near Ferrum, VA

City County
High School Graduates 75.75 86.17
College Degree - 2 year 8.48 9.33
College Degree - 4 year 16.43 20.65
Graduate Degree 5.87 6.64
Expenditures per Student 10,861 10,861
Students per Teacher 12.5 14.1

Elementary Schools near Ferrum, VA

Grades Students P/T Ratio ZIP
Callaway Elementary School PK - 05 245 14.7 24067
Campbell Court Elementary School PK - 05 365 15.9 24055
Ferrum Elementary School PK - 05 239 13.9 24088
Henry Elementary School PK - 05 203 12.9 24102
Sanville Elementary School PK - 05 296 15.6 24055
Woolwine Elementary School PK - 07 201 12.3 24185

High Schools near Ferrum, VA

Grades Students P/T Ratio ZIP
Bassett High School 09 - 12 1,169 14.4 24055

Demographics near Ferrum, VA

City County
Neighborhood Type Small Town
Population 2,235 56,277
Population Density 244 82
Median Age 21.2 46
People per Household 2.7 2.4
Median Household Income 45,409 51,208
Average Income per Capita 12,714 27,282

Ferrum Real Estate

The median home value in Ferrum, VA is $300,000. This is higher than the county median home value of $181,400. The national median home value is $219,700. The average price of homes sold in Ferrum, VA is $300,000. Approximately 56.24% of Ferrum homes are owned, compared to 19.17% rented, while 24.59% are vacant. Ferrum real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Ferrum real estate agent to arrange a tour today!

Ferrum, Virginia has a population of 2,235. Ferrum is more family-centric than the surrounding county with 38.12% of the households containing married families with children. The county average for households married with children is 26.23%.

The median household income in Ferrum, Virginia is $45,409. The median household income for the surrounding county is $51,208 compared to the national median of $57,652. The median age of people living in Ferrum is 21.2 years.

Ferrum Weather

The average high temperature in July is 86.7 degrees, with an average low temperature in January of 25.5 degrees. The average rainfall is approximately 46.2 inches per year, with 15.7 inches of snow per year.

Nearby Homes for Sale

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