Ferrum

County:: Franklin County
County Seat:: No
Area (mi²):: 9.149
State:: Virginia

Ferrum is a CDP located in Franklin County, Virginia. Ferrum has a 2025 population of 1,635. Ferrum is currently declining at a rate of -1.68% annually and its population has decreased by -23.88% 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.

Demographics

The racial composition of Ferrum includes 67.2% White, 25.4% Black or African American, and smaller percentages for other race, Native Hawaiian or Pacific Islander and multiracial populations.

Population by Race

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%

Ferrum Marital Status

Married

Widowed

Divorced

Separated

Never Married

Economics and Income Statistics

Ferrum's average per capita income is $32,348. Household income levels show a median of $31,750. The poverty rate stands at 35.06%.

Families: A family includes the owner or renter of the home along with everyone related to them - whether through birth, marriage, or adoption. This includes relatives like spouses, children, parents, siblings, grandparents, and any other family members.

Households: A household includes all the people who occupy a housing unit (such as a house or apartment) as their usual place of residence.

Non Families: A nonfamily household is either someone living alone or when the owner/renter lives with people they aren't related to, like roommates.

Name	Median	Mean
Families	$54,286	$70,387
Households	$31,750	$53,146
Non Families	$22,472	$25,253
Married Families	-	-

$32,348

Average Income

$31,750

Median Household Income

35.06%

Poverty Rate