Housing in Ferrum, VA is a great investment. The median house value in Ferrum, VA is $204,600 - which is significantly lower than the US median house value of $338,100. Furthermore, the 1 year appreciation rate for houses in Ferrum, VA is 11.69%, which is much higher than the US rate of 8.27%. This makes housing in Ferrum, VA an attractive investment option. With such low prices and high rates of appreciation, it's no surprise that people are eager to purchase property in Ferrum, VA.
The median home cost in Ferrum is $204,600. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Ferrum is up 17.1%.
Average Age of Homes
- The median age of Ferrum real estate is 36 years old
The Rental Market in Ferrum
- Renters make up 25.1% of the Ferrum population
- 0.0% of houses and apartments in Ferrum, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.