Ferrum, VA Real Estate
According to census data in the year 2000 there were 310 housing units in Ferrum.
This represents a 51.2% growth from 205 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 310 were located in what is classified as a rural area.
Homeownership rate in Ferrum is about 70.5%.
Ferrum's vacancy rate, including seasonal lodging, is about 8.1%.
Average household size is 2.27 people.
The majority of houses, apartments or condos in Ferrum were built after 1969.
|Housing Units by Size|
|Five Bedrooms or more||1.60%|
Owned Homes, Apartments and Condos
|Average Household Size||2.58|
|Median year structure was built||1972|
|Median Value of occupied units||$86,400|
Rented Homes, Apartments and Condos
|Average Household Size||1.55|
|Median year structure was built||1965|
|Median Monthly Rent asked for vacant units||$340|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||25.40%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||21.1%|