Why Live in Ferrum
Ferrum is a picturesque community in Southwest Virginia, nestled among the Blue Ridge Mountains. Known for its rural charm and college town atmosphere, Ferrum is home to Ferrum College and offers a variety of cultural attractions, including the Blue Ridge Institute and Museum and the annual Blue Ridge Folklife Festival. The town features log cabins and traditional homes on spacious lots, with architectural styles ranging from small cottages to expansive ranches and farmhouse-inspired builds. Education is provided by Franklin County Public Schools, with schools such as Benjamin Franklin Middle School and Franklin County High School receiving good ratings. Philpot Lake is a major local attraction, offering swimming, fishing, and watersports at Salthouse Branch, along with marinas and lakeside trails. Waid Recreation Park provides additional outdoor activities, including soccer fields, disc golf, and a boat ramp into the Pigg River. Ferrum's small downtown area includes mom-and-pop shops like Seventy-Seven Restaurant, while nearby Rocky Mount, 10 miles away, offers more extensive shopping options. State Route 40 serves as the main thoroughfare, connecting residents to Rocky Mount and other nearby towns.
Home Trends in Ferrum, VA
On average, homes in Ferrum, VA sell after 80 days on the market compared to the national average of 50 days. The median sale price for homes in Ferrum, VA over the last 12 months is $271,200, consistent with the median home sale price over the previous 12 months.
Median Sale Price
$271,200
Median Single Family Sale Price
$299,950
Average Price Per Sq Ft
$174
Number of Homes for Sale
6
Last 12 months Home Sales
24
Median List Price
$277,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
0%