Last updated: 2024 BLS data · Page refreshed:
Ferrum has a population of 1,774 with a median age of 21.8. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 1,774 |
| Median Age | 21.8 |
| White | 75.7% |
| Black or African American | 18.7% |
| Asian | 0.1% |
| Hispanic or Latino | 1.9% |
| Other / Two or More Races | 3.6% |
The median household income in Ferrum is $40,435, which is 49.8% below the national median of $80,610. The per capita income is $17,108. The poverty rate is 37.1%.
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In Ferrum, 82.5% of residents age 25+ have a high school diploma or higher, and 29.1% hold a bachelor's degree or higher (12.7% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 82.5% |
| Bachelor's Degree or Higher | 29.1% |
| Graduate or Professional Degree | 12.7% |
The median home value in Ferrum is $188,900, below the national median of $303,400. The median monthly rent is $638. The homeownership rate is 69.5%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $188,900 |
| Median Monthly Rent | $638 |
| Homeownership Rate | 69.5% |
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