HomeVirginiaFranklin CountyFerrum CDP
Ferrum CDP, Virginia: commercial real estate data.
Ferrum CDP is a Census CDP of 1,774 people across 9.15 square miles of land, in Franklin County. Median household income is $40,435, 69.5 percent of occupied homes are owned, and the SBA record carries 1 7(a) approvals to borrowers here worth $980,000.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Ferrum
What Ferrum is
- Census place typeCDP
- Land area9.15 sq mi
- Water area0.01 sq mi
- Population per square mile of land194
- County holding the largest share of its areaFranklin County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Ferrum
How many people live in Ferrum
- Population1,774
- Median age21.8
- Population under 18280 plus or minus 136
- Share under 1815.8 percent plus or minus 7.0
- Population 65 and over127 plus or minus 54
- Share 65 and over7.2 percent plus or minus 2.7
- Households406 plus or minus 137
- Family households245 plus or minus 115
- Share of households that are families60.3 percent plus or minus 19.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Ferrum
Income and work in Ferrum
- Median household income$40,435 plus or minus $19,996
- Per capita income$17,108 plus or minus $4,997
- Civilian labor force838 plus or minus 198
- Employed777 plus or minus 193
- Unemployed61 plus or minus 68
- Unemployment rate7.3 percent plus or minus 7.9
- Adults 25 and over645 plus or minus 251
- Adults 25 and over with a high school diploma or higher82.5 percent plus or minus 38.7
- Adults 25 and over with a bachelor degree or higher29.1 percent plus or minus 6.8
- Adults 25 and over with a graduate degree12.7 percent plus or minus 7.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Ferrum
Housing in Ferrum
- Housing units406 plus or minus 137
- Occupied units406 plus or minus 137
- Vacant units0
- Vacancy rate0.0 percent
- Owner occupied282 plus or minus 122
- Renter occupied124 plus or minus 78
- Ownership rate69.5 percent plus or minus 18.8
- Median owner-occupied home value$188,900 plus or minus $90,574
- Median gross rent, monthly$638 plus or minus $304
- Annual rent as a share of median income18.9 percent plus or minus 13.0
- Single family units264 plus or minus 87
- Share single family65.0 percent plus or minus 30.7
- Units in buildings of two or more73 plus or minus 72
- Share in buildings of two or more18.0 percent plus or minus 16.6
- Mobile homes69 plus or minus 93
- Median year structure built1996
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Ferrum
How Ferrum gets to work
- Workers 16 and over who commute585 plus or minus 188
- Commuting under 15 minutes263 plus or minus 109
- Share commuting under 15 minutes45.0 percent plus or minus 11.7
- Commuting 30 minutes or more131 plus or minus 68
- Share commuting 30 minutes or more22.4 percent plus or minus 9.1
- Drove alone46.5 percent plus or minus 13.6
- Carpooled10.9 percent plus or minus 6.0
- Public transport1.4 percent plus or minus 2.7
- Walked18.0 percent plus or minus 12.4
- Worked from home23.1 percent plus or minus 10.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Ferrum
SBA loans in Ferrum (7(a))
- Approvals1
- Gross approval$980,000
- Average approval$980,000
- Median approval$980,000
- Ninetieth percentile approval$980,000
- Largest approval$980,000
- Jobs supported12
- Jobs per approval12.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS1
A charge-off rate is not published here. only 0 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Ferrum
SBA loans in Ferrum (504)
- Approvals1
- Gross approval$311,000
- Average approval$311,000
- Median approval$311,000
- Largest approval$311,000
- Jobs supported10
- Loans with a final outcome0
- Charged off0
- Median term300 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Franklin County, not Ferrum
Franklin County context, not Ferrum figures
These are Franklin County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Ferrum measurements.
- Establishments in Franklin County1,238
- Employment at those establishments, Franklin County13,569
- Covered employment, Franklin County15,666
- Average annual pay, Franklin County$46,740
- Average weekly wage, Franklin County$899
- Housing units permitted, Franklin County167
- Of those, single family, Franklin County157
- County product, 2024, Franklin County$2,215,915,000
- County product change over the prior year, Franklin County4.9 percent
- Average income of an arriving household, Franklin County$102,925
Every figure in this section is published for Franklin County as a whole and is not a measurement of Ferrum. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Ferrum questions, answered from the record.
How many people live in Ferrum, Virginia?
1,774, in 406 households. Ferrum CDP covers 9.15 square miles of land, which is 194 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Ferrum in?
Franklin County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Ferrum?
$40,435. The median owner-occupied home is valued at $188,900. Median gross rent is $638 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Ferrum businesses?
1 7(a) approvals totalling $980,000, across 1 lenders, median approval $980,000, plus 1 504 approvals worth $311,000. These count approvals to borrowers whose address is in Ferrum, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Ferrum borrowers get paid back?
No rate is published for Ferrum. only 0 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Ferrum figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Franklin County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Ferrum.
Is zoning published for Ferrum?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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