Ferndale, MD is a great place for housing. The median value of houses in the area is $284,500, which is significantly lower than the US median value of $338,100. In the past year alone, house prices have appreciated by 8.62%, outperforming the US average of 8.27%. This makes Ferndale an attractive option for those looking to buy a home and enjoy potential growth in value over time.
The median home cost in Ferndale is $284,500. Home appreciation the last 10 years has been 49.5%. Home Appreciation in Ferndale is up 10.6%.
Average Age of Homes
- The median age of Ferndale real estate is 46 years old
The Rental Market in Ferndale
- Renters make up 37.8% of the Ferndale population
- 0.5% of houses and apartments in Ferndale, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.