Ferrum, VA housing market
The typical Ferrum home is worth about $260,000, up 5% in a year, 37% below the Virginia typical home.
Home values, sales, trends and how Ferrum compares with the towns next door — updated as new data is published.
Ferrum at a glance
Only 1 sale in March 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Ferrum | Virginia |
|---|---|---|
| 2017 | $132,000 | $253,000 |
| 2018 | $138,000 | $263,000 |
| 2019 | $143,000 | $271,000 |
| 2020 | $151,000 | $284,000 |
| 2021 | $172,000 | $311,000 |
| 2022 | $190,000 | $345,000 |
| 2023 | $208,000 | $367,000 |
| 2024 | $222,000 | $386,000 |
| 2025 | $248,000 | $405,000 |
| 2026 | $251,000 | $411,000 |
| August 2026 | $260,000 | $415,000 |
6.4 years of income
The typical Ferrum home costs about 6.4 years of the town's median household income, more than across Virginia (4.5 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $910
HUD's Fair Market Rent for a two-bedroom in Ferrum is $910 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Ferrum pay a median of $638, so moving in tends to cost more than staying put. A two-bedroom takes about 27% of the town's median household income.
Studio $750 · 4 bedrooms $1,540
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (24088; Franklin County, VA HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Ferrum
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, March 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.