Zip 48220 (Ferndale, MI) Housing

The housing market in 48220 Ferndale, MI is slightly less healthy than the national average. The median value of a house in Ferndale is around $213,100, compared to a national median value of $338,100. The US house appreciation rate over the past year was 8.27%, while the 1 year house appreciation rate in Ferndale was 4.30%. This suggests that while there are likely good opportunities for investment in the area, potential homeowners and investors should be sure to do their research before committing to any given property.

The median home cost in Ferndale (zip 48220) is $213,100. Home appreciation the last 10 years has been 130.9%. Home Appreciation in Ferndale (zip 48220) is up 9.7%.

Average Age of Homes

- The median age of Ferndale (zip 48220) real estate is 70 years old

The Rental Market in Ferndale (zip 48220)

- Renters make up 38.1% of the Ferndale (zip 48220) population
- 0.9% of houses and apartments in Ferndale (zip 48220), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Ferndale, Michigan	United States
	12,002.0	139,647,020.0
	75	42
	$213,100	$338,100
	9.7%	16.6%
	52.6%	57.0%
	130.9%	101.1%
	$14.33	$10.98
	$3,440	$2,690
	58.2%	57.4%
	5.7%	11.2%
	36.0%	31.4%
Vacant Housing
	0.9%	1.9%
	0.0%	0.4%
	1.3%	0.7%
	0.3%	0.4%
	0.1%	3.6%
	3.1%	4.1%
Value of Owner-Occupied Housing
	1.3%	2.6%
	1.3%	2.4%
	0.7%	2.8%
	1.7%	3.9%
	4.6%	4.5%
	19.1%	11.3%
	26.6%	13.0%
	30.1%	20.1%
	11.4%	13.6%
	2.5%	8.3%
	0.5%	9.7%
	0.3%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	3.6%	13.6%
	3.6%	13.6%
	1.2%	13.6%
	3.5%	13.2%
	6.5%	14.8%
	1.2%	13.6%
	16.5%	10.0%
	17.4%	4.7%
	39.7%	12.2%

Reviews for Ferndale

See all (0)

Write a Review

Start Your Review of Ferndale

Commute