What is the median rent in Ferrum, VA?

Name: Median rent in Ferrum, VA, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median gross rent in Ferrum, VA is $638 (±$304) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 114 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

Figures last updated on November 12, 2026.

Median gross rent: $638 (±$304)
Rented homes: 114 (±76)
$2,000 or more: 0.0%

How much rent costs in Ferrum

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	Ferrum	Franklin County	Virginia	United States
Less than $500	0.0% (±28.8 points)	7.8%	5.0%	6.3%
$500 to $999	73.7% (±29.3 points)	59.2%	16.1%	20.2%
$1,000 to $1,499	15.8% (±22.5 points)	24.9%	25.0%	28.1%
$1,500 to $1,999	10.5% (±18.9 points)	4.9%	24.4%	21.1%
$2,000 to $2,499	0.0% (±28.8 points)	2.6%	15.5%	12.0%
$2,500 to $2,999	0.0% (±28.8 points)	0.0%	6.9%	5.5%
$3,000 or more	0.0% (±28.8 points)	0.5%	7.0%	6.8%

The most common range is $500 to $999, paid by 73.7% of renting households.

0.0% of rented homes in Ferrum cost $2,000 or more a month.

Ferrum against Franklin County, its state and the nation

Estimate (90% margin of error)
	Ferrum	Franklin County	Virginia	United States
Median gross rent	$638 (±$304)	$829 (±$43)	$1,579 (±$8)	$1,413
Rented homes paying rent	114 (±76)	4,135 (±468)	1,045,770 (±8,216)	42,849,984

In Ferrum, median gross rent is not measurably different from Franklin County ($829).

It is also lower than in Virginia ($1,579).

It is lower than the national figure ($1,413).

In Franklin County, Ferrum ranks 5 of 5 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 408 of 428.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in Ferrum has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	16.8% (±17.4 points)	30.5% (±17.3 points)	+13.7 percentage points	Not a measurable change
Rental vacancy rate	0.0% (±36.1 points)	0.0% (±27.0 points)	0.0 percentage points	Not a measurable change

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median gross rent in places near Ferrum

Nearest places with a published estimate, compared with Ferrum
Place	Distance	Median gross rent	Compared with this place
Ferrum	—	$638 (±$304)	—
Rocky Mount	7.6 mi	$890 (±$99)	Not measurably different
Bassett	12 mi	$599 (±$170)	Not measurably different
Boones Mill	12 mi	$925 (±$202)	Not measurably different
Stanleytown	13 mi	$630 (±$259)	Not measurably different
Collinsville	16 mi	$746 (±$30)	Not measurably different
Floyd	18 mi	$827 (±$387)	Not measurably different
Martinsville	19 mi	$808 (±$32)	Not measurably different
Cave Spring	20 mi	$1,285 (±$67)	Higher

Nearby places with a measurably higher figure: Cave Spring, VA ($1,285).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median gross rent across Franklin County, place by place

Rank	Place	Median gross rent
1	Westlake Corner	$1,185 (±$168)
2	North Shore	$1,133 (±$188)
3	Boones Mill	$925 (±$202)
4	Rocky Mount	$890 (±$99)
5	Ferrum	$638 (±$304)

Ferrum is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Ferrum

What is the average rent in Ferrum, VA?

The Census Bureau publishes the median rather than the average: the median gross rent in Ferrum is $638 (±$304) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.

How many rentals in Ferrum cost more than $2,000 a month?

0.0% of rented homes in Ferrum have a gross rent of $2,000 or more a month, and 0.0% cost less than $500.

Is rent in Ferrum higher than in Franklin County?

In Ferrum, median gross rent is not measurably different from Franklin County ($829).

It is also lower than in Virginia ($1,579).

It is lower than the national figure ($1,413).

Is this the rent for an apartment listed today?

No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Ferrum CDP, Virginia (place:27712, in state:51).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.