Ferrum is a CDP located in Franklin County Virginia. Ferrum has a 2024 population of 1,663. Ferrum is currently declining at a rate of -1.6% annually and its population has decreased by -22.58% since the most recent census, which recorded a population of 2,148 in 2020.
The average household income in Ferrum is $53,146 with a poverty rate of 35.06%. The median age in Ferrum is 21.5 years: 22.3 years for males, and 20.9 years for females.
According to the most recent ACS, the racial composition of Ferrum was:
Race | Population | Percentage (of total) |
|---|---|---|
| White | 1,090 | 67.2% |
| Black or African American | 412 | 25.4% |
| Two or more races | 105 | 6.47% |
| Other race | 13 | 0.8% |
| Native Hawaiian or Pacific Islander | 2 | 0.12% |
| Native American | 0 | 0% |
| Asian | 0 | 0% |
White
Black or African American
Two or more races
Other race
Native Hawaiian or Pacific Islander
Native American
Asian
Household Type | Count | Average Size | Owner | Renter |
|---|---|---|---|---|
| All | 339 | 2.16 | 64.9 | 35.1 |
| Married | 183 | 2.92 | 93.4 | 6.6 |
| Non Family | 139 | 0 | 23 | 77 |
| Female | 17 | 3.47 | 100 | 0 |
| Male | 0 | 0 | 0 | 0 |
2.92
Average Family Size
2.16
Average Household Size
64.9%
Rate of Home Ownership
Married
Male
Female
NonFamily
owner
renter
Male
Female
Education Attained | Count | Percentage |
|---|---|---|
| 9th to 12th Grade | 116 | 22.61% |
| Associates Degree | 9 | 1.75% |
| Bachelors Degree | 91 | 17.74% |
| Graduate Degree | 53 | 10.33% |
| High School Graduate | 109 | 21.25% |
| Less Than 9th Grade | 0 | 0% |
| Some College | 135 | 26.32% |
Less Than 9th Grade
9th to 12th Grade
High School Graduate
Some College
Associates Degree
Bachelors Degree
Graduate Degree
High School Graduation Rate
Bachelors Rate
Race | Total | High School | Bachelors |
|---|---|---|---|
| White | 424 | 308 | 144 |
| Black | 77 | 77 | 0 |
| 2+ Races | 12 | 12 | 0 |
The highest rate of high school graduation is among black people with a rate of 100%.
The highest rate of bachelors degrees is among white people with a rate of 33.96%.
All
Male
Female
Name | Average | Male | Female |
|---|---|---|---|
| Bachelors Degree | $47,546 | $0 | $0 |
| Graduate Degree | $49,861 | $0 | $0 |
| High School Graduate | $0 | $0 | $0 |
| Less Than 9th Grade | $0 | $0 | $0 |
| Overall | $32,348 | $31,250 | $48,148 |
| Some College | $19,306 | $0 | $19,028 |
$32,348
Average Earnings
$31,250
Average Male
$48,148
Average Female
Only English
Spanish
Other Indo-European Languages
Asian and Pacific Island Languages
Other Languages
97.18% of Ferrum residents speak only English, while 2.82% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 2.31% of the population.
rate
Name | Total | In Poverty | Poverty Rate |
|---|---|---|---|
| White | 589 | 241 | 40.92% |
| Black | 109 | 16 | 14.68% |
35.06%
Overall Poverty Rate
25%
Male Poverty Rate
44.99%
Female Poverty Rate
The race most likely to be in poverty in Ferrum is White, with 40.92% below the poverty level.
The race least likely to be in poverty in Ferrum is Black, with 14.68% below the poverty level.
The poverty rate among those that worked full-time for the past 12 months was 0%. Among those working part-time, it was 0%, and for those that did not work, the poverty rate was 55.41%.
rate
Rate | Poverty |
|---|---|
| Less Than 9th Grade | 100% |
| High School | 44.04% |
| Some College | 8.06% |
| Bachelors or Greater | 0% |
rate
Rate | Poverty |
|---|---|
| Female Unemployed | 100% |
| Male Employed | 0% |
| Male Unemployed | 0% |
| Female Employed | 0% |
Households
Families
MarriedFamilies
NonFamilies
Name | Median | Mean |
|---|---|---|
| Families | $54,286 | $70,387 |
| Households | $31,750 | $53,146 |
| Married Families | - | $-999,999,999 |
| Non Families | $22,472 | $25,253 |
mean
median
Married
Widowed
Divorced
Separated
NeverMarried
25.2%
Overall Marriage Rate
22.3%
Male Marriage Rate
29.7%
Female Marriage Rate
male
female
The age group where males are most likely to be married is 55-64, while the female age group most likely to be married is 55-64.
Married
Widowed
Divorced
Separated
NeverMarried
Second Gulf War
First Gulf War
Vietnam
Korea
World War II
39
Number of Veterans
39
Male Veterans
0
Female Veterans
War | Veterans |
|---|---|
| Second Gulf War | 18 |
| Vietnam | 9 |
| First Gulf War | 0 |
| Korea | 0 |
| World War II | 0 |
count
Age Group | Veterans |
|---|---|
| 18 to 34 | 18 |
| 55 to 64 | 12 |
| 65 to 74 | 9 |
| 35 to 54 | 0 |
| 75+ | 0 |
count
Name | Veterans | % of Total |
|---|---|---|
| White | 39 | 4.21% |
Less Than 9th Grade
High School Graduate
Some College
Bachelors or Greater
0%
Veteran Poverty Rate
42.86%
Veteran Disability Rate
LaborForceParticipation
55.2%
Labor Force Participation
50.6%
Employment Rate
8.4%
Unemployment Rate
LaborForceParticipation
LaborForceParticipation
Europe
Asia
Africa
Oceania
Latin America
North America
Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.
Europe
Asia
Africa
Oceania
Latin America
North America
72.44%
Born in Ferrum
99.51%
Native Born
0.49%
Foreign Born
0.49%
Non Citizen
0%
Naturalized
99.51% of Ferrum residents were born in the United States, with 72.44% having been born in Virginia. 0.49% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Asia.
Year | Population | Growth | Change |
|---|---|---|---|
| 2024 | 1,663 | -27 | -1.6% |
| 2023 | 1,690 | -27 | -1.57% |
| 2022 | 1,717 | -115 | -6.28% |
| 2021 | 1,832 | -316 | -14.71% |
| 2020 | 2,148 | -162 | -7.01% |
| 2019 | 2,310 | 77 | 3.45% |
| 2018 | 2,233 | -2 | -0.09% |
| 2017 | 2,235 | -122 | -5.18% |
| 2016 | 2,357 | 361 | 18.09% |
| 2015 | 1,996 | 108 | 5.72% |
| 2014 | 1,888 | 36 | 1.94% |
| 2013 | 1,852 | 109 | 6.25% |
| 2012 | 1,743 | 83 | 5% |
| 2011 | 1,660 | -383 | -18.75% |
| 2010 | 2,043 | 0 | 0% |