Ferndale, MI Real Estate

According to census data in the year 2000 there were 10,243 housing units in Ferndale. This represents a 0.4% growth from 10,207 in 1990.

Of those housing units, 10,243 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Ferndale is about 70.8%. Ferndale's vacancy rate, including seasonal lodging, is about 3.6%. Average household size is 2.23 people.

The majority of houses, apartments or condos in Ferndale were built after 1944.


Housing Size

Housing Units by Size
Studio Type0.90%
One Bedroom11.90%
Two Bedrooms34.40%
Three Bedrooms42.80%
Four Bedrooms9%
Five Bedrooms or more1.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.38
Median year structure was built1942
Median Value of occupied units$102,900
Median Price asked for vacant units$101,800

Rented Homes, Apartments and Condos

Average Household Size1.86
Median year structure was built1953
Median Monthly Rent asked for vacant units$565

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.50%
Second Mortgage6.70%
Home Equity Loan11.20%
Simple Mortgage58%
Debt Free23.50%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.6%