Ferndale, FL has seen a significant increase in its housing median value over the past year. The median housing value in Ferndale is currently $433,100, which is significantly higher than the national average of $338,100. This difference is further highlighted by the fact that the national 1 year house appreciation rate was 8.27%, while Ferndale experienced a 24.20% appreciation rate in its housing market. It appears that Ferndale's real estate market is considerably stronger than the rest of the United States and this trend looks likely to continue in the future.
The median home cost in Ferndale is $433,100. Home appreciation the last 10 years has been 209.1%. Home Appreciation in Ferndale is up 29.6%.
Average Age of Homes
- The median age of Ferndale real estate is 16 years old
The Rental Market in Ferndale
- Renters make up 28.5% of the Ferndale population
- 0.0% 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.