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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.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom15.50%
Two Bedrooms20.30%
Three Bedrooms45.50%
Four Bedrooms17.10%
Five Bedrooms or more1.60%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.58
Median year structure was built1972
Median Value of occupied units$86,400

Rented Homes, Apartments and Condos

Average Household Size1.55
Median year structure was built1965
Median Monthly Rent asked for vacant units$340

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6.80%
Home Equity Loan25.40%
Simple Mortgage19.50%
Debt Free48.30%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs21.1%