House Prices

House Prices & Home Values Ferrum, VA 2026


Average Data

average house price$299,131
average size per house1915 ft²
average price per ft²157 $ / ft²

06/13/2026 - The value range (VR) for house prices in Ferrum, VA is $61/ sqft to $61/ sqft. An average home with 1915 sqft costs approximately $116,815 to $116,815. Ferrum, VA includes 1 ZIP codes and it is located in Franklin county. The lowest prices are found in ZIP 24088, while the highest are in ZIP 24088. The average price per sqare feet is $157. Our analysis is based on 26 property listings.

Avergage prices by ZIP codes Ferrum

2408860 $ / ft²




Historical development of home values in Ferrum

Year Estimated value (USD) Change vs. 2025
2010 $138,922 -53.6%
2011 $133,550 -55.4%
2012 $133,190 -55.5%
2013 $138,168 -53.8%
2014 $145,039 -51.5%
2015 $152,483 -49.0%
2016 $160,440 -46.4%
2017 $169,100 -43.5%
2018 $178,449 -40.3%
2019 $186,723 -37.6%
2020 $196,376 -34.4%
2021 $223,356 -25.3%
2022 $260,383 -13.0%
2023 $274,586 -8.2%
2024 $290,471 -2.9%
2025 $299,131 0.0%

Graph: estimated home values in Ferrum over time (USD)



Example: 100% financing house in Ferrum

Loan amount: $299,131

Interest rate: 6.00%

Fixed monthly payment: $1,793.44

Breakdown in the 1st month:
Interest portion: $1,495.66  –  Principal portion: $297.79

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $17,847.93 $3,673.36 $295,457.64
2 $17,621.37 $3,899.93 $291,557.71
3 $17,380.83 $4,140.47 $287,417.24
4 $17,125.45 $4,395.84 $283,021.40
5 $16,854.33 $4,666.97 $278,354.43
6 $16,566.48 $4,954.82 $273,399.61
7 $16,260.88 $5,260.42 $268,139.19
8 $15,936.43 $5,584.87 $262,554.32
9 $15,591.96 $5,929.33 $256,624.99
10 $15,226.26 $6,295.04 $250,329.95
11 $14,837.99 $6,683.31 $243,646.64
12 $14,425.78 $7,095.52 $236,551.12
13 $13,988.14 $7,533.15 $229,017.97
14 $13,523.52 $7,997.78 $221,020.19
15 $13,030.23 $8,491.07 $212,529.12
16 $12,506.52 $9,014.78 $203,514.34
17 $11,950.51 $9,570.79 $193,943.55
18 $11,360.20 $10,161.10 $183,782.46
19 $10,733.49 $10,787.81 $172,994.65
20 $10,068.12 $11,453.18 $161,541.47
21 $9,361.71 $12,159.59 $149,381.88
22 $8,611.74 $12,909.56 $136,472.32
23 $7,815.50 $13,705.80 $122,766.53
24 $6,970.16 $14,551.14 $108,215.39
25 $6,072.68 $15,448.62 $92,766.77
26 $5,119.84 $16,401.46 $76,365.31
27 $4,108.23 $17,413.06 $58,952.24
28 $3,034.23 $18,487.06 $40,465.18
29 $1,893.99 $19,627.31 $20,837.87
30 $683.42 $20,837.87 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Ferrum, VA


1500 sqft3900 sqft
Ø selling price$284,956$606,177
Ø fast selling$259,051$545,560
Ø high price sale$310,860$666,795

In 2026, houses in Ferrum, VA will be offered at an average price of $157 per square foot. A 1,500 sqft home priced at $284,956 is 22.43% more expensive per square foot than a 3,900 sqft home priced at $606,177. Home prices in Ferrum, VA vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $419,662. Sellers who can wait longer may achieve a higher price of up to $512,920.


Discover Ferrum, VA

Ferrum, VA is a welcoming Blue Ridge foothills community in Franklin County known for its collegiate spirit and small-town charm.

Location & Overview

Set along scenic byways west of Smith Mountain Lake, the community offers easy access to Rocky Mount and the greater Roanoke Valley.
Visitors discover quiet neighborhoods, rolling farmland, and mountain views that define Southwest Virginia, along with classic things to do in Ferrum, VA for all ages.

Education & Culture

At the heart of town is Ferrum College, a 1913-founded institution that anchors local life with academics, athletics, and community programs.
Each fall, the college hosts the celebrated Blue Ridge Folklife Festival, showcasing traditional music, crafts, farming, and regional heritage.

Outdoors & Recreation

Outdoor enthusiasts enjoy nearby hiking, paddling, and fishing at Philpott Lake and along the Blackwater River.
The Blue Ridge Parkway and The Crooked Road: Virginia's Heritage Music Trail are close enough for day trips and scenic drives.

Living & Visiting

Real estate options range from rustic cabins and farm properties to family homes, with a cost of living that appeals to buyers seeking value, making Ferrum, VA real estate worth a look.
Local dining, coffee shops, and seasonal farmers markets make Ferrum, VA feel both modern and authentically Appalachian.
Whether you are touring campus, planning a mountain weekend, or relocating for a quieter pace, Ferrum offers a friendly base to explore Virginia's Blue Ridge.



FAQ – Home Values in Ferrum

What is the median home value in Ferrum in 2026?

In 2026, the typical home value in Ferrum is about $299,131 for an average home size of 1915 square feet. This corresponds to an average price of roughly $157 per square foot.

What is the average cost per square foot in Ferrum?

In 2026, homes in Ferrum sell for an average of around $157 per square foot, with a typical range between $61 and $61 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Ferrum is about 1915 square feet, with an estimated 2026 value around $299,131.



Locations close to Ferrum, VA

Fieldale, VA74 $ / ft²
Fincastle, VA147 $ / ft²
Floyd, VA170 $ / ft²
Elliston, VA69 $ / ft²
Eggleston, VA63 $ / ft²
Eagle Rock, VA132 $ / ft²
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