How much does it cost to buy a house in Ferrum, VA?

In May 2026 Ferrum homes were listed to buy for a median price of $325K, which is a 22% decrease to April 2025 last month, and a 22% decrease to May 2025 last year. The median value of a home listed to buy in Ferrum in May 2026 was $182 per sqft, which is a 6% decrease to April 2025 last month, and a 5% decrease to May 2025 last year.

Is it affordable or expensive to live in Ferrum, VA?

It is affordable to live in Ferrum. Buying a home in Ferrum is 1% less expensive compared with the national average.

Is it a good time to buy property in Ferrum, VA?

Yes now is a good time to buy property in Ferrum, in May 2026, homes in Ferrum have decreased in value (price per sqft) by 5% in the last year compared with May 2025.

Are home prices dropping in Ferrum, VA?

Home price are dropping in Ferrum, in May 2026, homes to buy in Ferrum have decreased in median list price by 4% compared with April 2026, one month ago.

Is the Ferrum, VA housing market slowing down?

In May 2026, homes to buy in Ferrum spent an median 36 days on the market, a same May 2025 last year.

What are the best and safest places to live in Ferrum, VA?

The best and safest neighborhoods to live in Ferrum in May 2026 are Downtown Roanoke, Southwood, South Roanoke, Old Southwest, Deyerle, Raleigh Court, Grandin Court, Colonial Avenue Area, Wasena, Mountain View, Preston Park, Roundhill, Garden City, Wilmont, Downtown Salem, Kenwood, Downtown Vinton, River Land

How much money should I make to buy a house in Ferrum, VA?

In May 2026, Ferrum homes were listed to buy for a median price of $325K, with 25% down you would need $1.77K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $60.8K.

Is it a good time to sell my house in Ferrum, VA?

Yes now is a good time to sell your house in Ferrum, in May 2026, homes in Ferrum have decreased in value (price per sqft) by 5% in the last year compared with May 2025.