Ferrum vs Penhook

A side-by-side comparison of Ferrum and Penhook: population, income, housing, and more.

Ferrum and Penhook are places in Virginia. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Ferrum has the higher population (1,622 vs 1,253 in Penhook). Penhook has the higher median household income ($99,176 vs $31,750 in Ferrum). Penhook has the higher median home value ($476,500 vs $202,500 in Ferrum).

Population, income & housing

	Ferrum	Penhook
Population	1,622	1,253
Median age	21.5 yrs	48.0 yrs
Median household income	$31,750	$99,176
Median home value	$202,500	$476,500
Median gross rent	$662	—
Housing units	436	827
Homeownership rate	64.9%	85.5%
Bachelor's degree or higher	28.1%	40.3%
Unemployment rate	8.4%	1.0%

Trends (ACS 5-year, 2019–2023)

	Ferrum	Penhook
Population	2,310 → 1,622 (-29.8%)	1,053 → 1,253 (+19.0%)
Median household income	$48,234 → $31,750 (-34.2%)	$66,392 → $99,176 (+49.4%)
Median home value	$130,400 → $202,500 (+55.3%)	$531,300 → $476,500 (-10.3%)
Median gross rent	$681 → $662 (-2.8%)	$837 → $1,037 (+23.9%)

Ferrum

Population

2,3101,622

Median household income

$48,234$31,750

Median home value

$130,400$202,500

Median gross rent

$681$662

Penhook

Population

1,0531,253

Median household income

$66,392$99,176

Median home value

$531,300$476,500

Median gross rent

$837$1,037

Age & race/ethnicity

Age distribution (share)

	Ferrum	Penhook
Under 5	3.9%	9.7%
5 to 17	6.9%	8.5%
18 to 24	57.5%	14.5%
25 to 34	6.6%	6.5%
35 to 44	3.6%	9.5%
45 to 54	3.7%	11.1%
55 to 64	10.9%	20.4%
65 to 74	5.2%	14.2%
75 and over	1.5%	5.6%

Race & ethnicity (share)

	Ferrum	Penhook
White (non-Hispanic)	66.2%	85.5%
Black or African American	25.4%	2.2%
American Indian & Alaska Native	0.0%	0.0%
Asian	0.0%	4.6%
Native Hawaiian & Pacific Islander	0.1%	0.0%
Some other race	0.0%	0.0%
Two or more races	5.4%	0.0%
Hispanic or Latino	2.8%	7.7%

Educational attainment (age 25+)

Share of adults 25+

	Ferrum	Penhook
No high school diploma	22.6%	5.3%
High school graduate	21.2%	20.8%
Some college or associate's	28.1%	33.6%
Bachelor's degree	17.7%	23.8%
Graduate or professional degree	10.3%	16.5%

Commute to work

How workers get to work (share)

	Ferrum	Penhook
Drove alone	47.8%	60.4%
Carpooled	8.8%	5.0%
Public transit	2.0%	0.0%
Walked	21.4%	3.5%
Bicycle	0.3%	0.0%
Worked from home	19.8%	23.9%
Other means	0.0%	7.3%

Housing

Units in structure (share)

	Ferrum	Penhook
1-unit, detached	66.3%	68.4%
1-unit, attached	0.0%	0.0%
2 to 4 units	7.3%	1.0%
5 to 19 units	10.1%	15.0%
20 or more units	0.0%	0.0%
Mobile home & other	16.3%	15.6%

Poverty & households

	Ferrum	Penhook
Poverty rate	35.1%	6.1%
Average household size	2.16	2.75
Mean commute (minutes)	25	38
Median year structure built	1984	1992