Ferrum is a CDP located in Franklin County, Virginia. Ferrum has a 2026 population of 1,525. Ferrum is currently declining at a rate of -2.06% annually and its population has decreased by 0% since the most recent census, which recorded a population of 0 in 2020.
The median household income in Ferrum is $40,435 with a poverty rate of 37.13%. The median age in Ferrum is 21.8 years: 22.7 years for males, and 21.2 years for females. For every 100 females there are 109.9 males.
Data after 2023 is projected based on recent change
Overall: 21.8 years
Female: 21.2 years
Male: 22.7 years
There are 1,494 adults, (127 of whom are seniors) in Ferrum.
Female: 845 (47.6%)
Male: 929 (52.4%)
The racial composition of Ferrum includes 75.7% White, 18.71% Black or African American, and smaller percentages for other race, Asian, Native Hawaiian or Pacific Islander and multiracial populations.
| Race | Population ↓ | Percentage (of total) |
|---|---|---|
| White | 1,343 | 75.7% |
| Black or African American | 332 | 18.71% |
| Two or more races | 83 | 4.68% |
| Other race | 12 | 0.68% |
| Asian | 2 | 0.11% |
| Native Hawaiian or Pacific Islander | 2 | 0.11% |
Ferrum 's average per capita income is $36,250. Household income levels show a median of $40,435. The poverty rate stands at 37.13%.
| Name | Median ↓ | Mean |
|---|---|---|
| Households | $40,435 | $63,520 |
| Non Families | $32,250 | $45,246 |
| Families | - | $73,866 |
| Married Families | - | - |
Average Income
Median Household Income
Poverty Rate