Ferrum, Virginia has a population of 2,043, with a median household income of $52,111.
Current crime data for Ferrum.
2,043
$52,111
4.80%
$221,100
5.50
117.50 Mbps
Ferrum is a small local community located in Virginia. The city has a population that is below the average city population in Virginia, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.
Situated in Virginia, Ferrum provides insight into regional population trends, income levels, and housing conditions.
Ferrum has a population of 2,043, which is below the state average. This suggests a smaller and more localized community environment.
The median household income in Ferrum is $52,111, which is below the state average, indicating moderate economic conditions.
The average housing price in Ferrum is about $221,100, making it relatively affordable compared to many cities in Virginia.
The unemployment rate in Ferrum is 4.80%, slightly above the state average, suggesting moderate employment conditions. Crime rates in Ferrum are higher than the state average, which may be a factor for residents to consider.
Compared to other cities in Virginia, Ferrum shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.
As part of Virginia, Ferrum contributes to the broader economic and social landscape, offering insights into regional development.
The population of Ferrum is approximately 2,043.
Ferrum offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.
The median household income in Ferrum is around $52,111.
The average housing price in Ferrum is approximately $221,100.