All Countries
Ferndale, MI
Full City Profile · Michigan · Wayne County County
3.9
/5.0
B+
Good
19,156
Population
4,937/sq mi density
$91,732
Median Income
$58,201 per capita
$233,600
Home Value
$246,117 Zillow
$1,235
Median Rent
23.7% income on rent
51°F
Avg Temperature
291 sunny days/yr
249
Violent Crime/100K
2,204 property/100K
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.7 / 5.0
$91,732 median income, 3.2% unemployment
A+
Affordability
5.0 / 5.0
$233,600 home value, $1,235/mo rent
F
Safety
1.0 / 5.0
249 violent crimes/100K
A+
Education
5.0 / 5.0
56.5% bachelor's degree or higher
Housing Overview
Median Home Value
$233,600
17% below
US avg: $281,900
Median Rent
$1,235/mo
6% above
US avg: $1,163/mo
Homeownership Rate
67.6%
3% above US avg (65.4%)
Total Housing Units
10,865
Median year built: 1944
Home Value by Source
Census Median
$233,600
Zillow (ZHVI)
$246,117
Median Sale Price
$275,000
Median List Price
$230,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
67.6%
Owner-Occupied
32.4%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$1,235/mo
· Zillow rent:
$1,720/mo
Market Indicators (Redfin)
Median Days on Market
66 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
25
Price Drops
20.5%
of listings with price reduction
Price Per Sq Ft
$239
Active Inventory
44
homes for sale
Affordability & Housing Stock
Rent Burden
23.7%
of renters spending 30%+ of income on housing
24% below US avg (31.0%)
Median Year Built
1944
Average age of housing stock: 82 years
Homeownership Rate
67.6%
Complete Housing Data
Home Values
| Census Median Value | $233,600 |
| Zillow Home Value (ZHVI) | $246,117 |
| Median Sale Price | $275,000 |
| Median List Price | $230,000 |
| Price Per Sq Ft | $239 |
Rent
| Census Median Rent | $1,235 |
| Zillow Rent (ZORI) | $1,720 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
| Days on Market | 66 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 20.5% |
| Homes Sold | 25 |
| Active Inventory | 44 |
| Price Per Sq Ft | $239 |
Ownership & Stock
| Owner-Occupied | 67.6% |
| Renter-Occupied | 32.4% |
| Homeownership Rate | 67.6% |
| Total Housing Units | 10,865 |
| Median Year Built | 1944 |
| Rent Burden | 23.7% |