Ferndale, WA has a median housing value of $559,700, which is significantly higher than the US House Median Value of $338,100. Despite this large gap in median values between Ferndale and the nation as a whole, year-over-year appreciation rates are still relatively in line with each other; while the US 1 year House Appreciation rate is 8.27%, Ferndale’s house 1 year appreciation rate is 6.82%. This suggests that while Ferndale’s housing market may be more desirable and expensive than other parts of the country on average, it is subject to similar market dynamics as other areas in terms of appreciation rates.
The median home cost in Ferndale is $559,700. Home appreciation the last 10 years has been 156.9%. Home Appreciation in Ferndale is up 14.7%.
Average Age of Homes
- The median age of Ferndale real estate is 29 years old
The Rental Market in Ferndale
- Renters make up 36.2% of the Ferndale population
- 1.9% 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.