Ferrum, VA 24088 has a population of approximately 5,302 and experiences a population change rate of 23.71%. The population density is 45.2 / sq mi .
Ferrum, VA 24088 has a population of approximately 5,302 and experiences a population change rate of 23.71%. The population density is 45.2 / sq mi .
The median household income for Ferrum, VA 24088 is $35,206, with 1,635 households and an average household size of 2.41.
The median value of a home in Ferrum, VA 24088 is $205,600 with an appreciation rate of 17.10%. 63.92% of housing in the state is owned while 20.23% is rented.
The cost of living in Ferrum, VA 24088 is 89.8 %.
The unemployment rate in Ferrum, VA 24088 is 2.60%, and recent job growth is at 3.85%. Future job growth is projected at 44.12%.
The sales tax rate in Ferrum, VA 24088 is 6.30%, while the income tax rate is 5.75% .
School expenditures in Ferrum, VA 24088 are $12,768, and the school ratio is 12.6:1.
The average high temperature in July is 86.6 degrees, with an average low temperature in January of 25.4 degrees. The average rainfall is approximately 48.3 inches per year, with 10.1 inches of snow per year.