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 Type | 0% |
| One Bedroom | 15.50% |
| Two Bedrooms | 20.30% |
| Three Bedrooms | 45.50% |
| Four Bedrooms | 17.10% |
| 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
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.80% |
| Home Equity Loan | 25.40% |
| Simple Mortgage | 19.50% |
| Debt Free | 48.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.1% |
