In July 2024, Ferrum home prices were down 12.0% compared to last year, selling for a median price of $316K.
$175K
Sale Price
$170
Sale $/Sq. Ft.
Under List Price
10.7%
Days on Market
161
Down Payment
—
Total Homes Sold
1
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Ferrum Migration & Relocation Trends
No data on migration and relocation available in this area right now
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Ferrum housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Ferrum.
Flood Factor - Major
18% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Ferrum has a major risk of flooding. 108 properties in Ferrum are likely to be
severely affected
by flooding over the next 30 years. This represents 18% of all properties in Ferrum. Flood risk is increasing slower than the national average.
100% of properties are at risk of wildfire over the next 30 years
Fire Factor
Ferrum has a moderate risk of wildfire. There are 698 properties in Ferrum that have some risk of being affected by wildfire over the next 30 years. This represents 100% of all properties in Ferrum.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Ferrum has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Ferrum is most at risk from hurricanes. 698 properties in Ferrum have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 52 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 59 mph.