$299,900
- 3 Beds
- 3 Baths
- 1,744 Sq Ft
640 Cooks Knob Rd, Ferrum, VA 24088
Betty Kingery MOUNTAIN TO LAKE REALTY
Frequently Asked Questions Why Live in Ferrum
Is Ferrum a good place to live?
Ferrum is a good place to live. Ferrum is considered very car-dependent and somewhat bikeable. It is sparse in population with 0.2 people per acre and a median age of 35. The average household income is $54,749 which is below the national average. College graduates make up 10.8% of residents. A majority of residents in Ferrum are home owners, with 23.7% of residents renting and 76.3% of residents owning their home. A local real estate agent serving Ferrum can help you decide if this neighborhood is the right one for you. Learn more on our Ferrum neighborhood guide.
How much do you need to make to afford a house in Ferrum?
The median home price in Ferrum is $269,000. If you put a 20% down payment of $53,800 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $1,390 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $60K a year to afford the median home price in Ferrum. The average household income in Ferrum is $55K.
What are the best public schools in Ferrum?
The best public schools that serve Ferrum are:
- Franklin County High School has a B+ Niche grade, a student teacher ratio of 11:1 and an average review score of 3.6.
- Benjamin Franklin Middle School has a B+ Niche grade, a student teacher ratio of 12:1 and an average review score of 1.5.
- Ferrum Elementary School has a B Niche grade and a student teacher ratio of 13:1.
What are the most popular zip codes in Ferrum, Rocky Mount, VA?
What are the most popular neighborhoods near Ferrum, Rocky Mount, VA?
The most popular neighborhood near Ferrum, Rocky Mount, VA is Cave Spring.
Are home prices dropping in Ferrum?
Yes, home prices in Ferrum are down 8% in the last 12 months.
