Ferrum, VA Profile: Facts & Data

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Ferrum, Virginia - Basic Facts

The Ferrum Census Designated Place had a population of 2,003 as of July 1, 2018. Ferrum ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Virginia. See peer rankings below.

The primary coordinate point for Ferrum is located at latitude 36.9229 and longitude -80.0134 in Franklin County. The formal boundaries for the Ferrum Census Designated Place (see map below) encompass a land area of 9.15 sq. miles and a water area of 0.01 sq. miles. Franklin County is in the Eastern time zone (GMT -5). The elevation is 1,296 feet.

The Ferrum Census Designated Place (GNIS ID: 2389082) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

Alternate Unofficial Names for Ferrum: Sophronia.

Jump to... (On This Page!)
  1. Ferrum 2018 Demographic Data
  2. Growth Rates for Ferrum (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Virginia Research Tools (Easy Tools & Current Data)
  3. Virginia Data Comparison Tool - 2018 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2018, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Ferrum, VA Data & Demographics (As of July 1, 2018)

POPULATION

Total Population 2,003
Population in Households 1,565
Population in Familes 1,299
Population in Group Qrtrs 438
Population Density2 219
Diversity Index3 33
 

INCOME

Median Household Income $41,668
Average Household Income $60,042
Per Capita Income $22,899

HOUSING

Total Housing Units 546 (100%)
Owner Occupied HU 332 (60.8%)
Renter Occupied HU 101 (18.5%)
Vacant Housing Units 114 (20.9%)
Median Home Value $146,875
Average Home Value $169,503
 

HOUSEHOLDS

Total Households 432
Average Household Size 3.62
Family Households 290
Average Family Size 4
NOTES
  1. Demographics are point estimates for July 1st of the current year and each for the forecast years. See References for more information.
  2. Population Density = Total Population per square mile.
  3. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.

GROWTH RATE / YEAR

2010-2018 2018-2023
Population -0.24% 0.39%
Households -0.03% 0.28%
Families 1.15% 0.21%
Median Household Income   3.11%
Per Capita Income   3.42%

Ferrum, VA - Peer Comparisons by Rank and Percentile

The table below compares Ferrum to the other 593 incorporated cities, towns and CDPs in Virginia by rank and percentile using July 1, 2018 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 272 54th
Population Density # 478 20th
Diversity Index # 386 35th
Median Household Income # 420 29th
Per Capita Income # 416 30th

Additional comparisons and rankings can be made with a VERY EASY TO USE Virginia Census Data Comparison Tool.

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