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 Units by Size|
|Five Bedrooms or more||1.20%|
Owned Homes, Apartments and Condos
|Average Household Size||2.38|
|Median year structure was built||1942|
|Median Value of occupied units||$102,900|
|Median Price asked for vacant units||$101,800|
Rented Homes, Apartments and Condos
|Average Household Size||1.86|
|Median year structure was built||1953|
|Median Monthly Rent asked for vacant units||$565|
Owners Finance Status
|Second Mortgage & Equity Loan||0.50%|
|Home Equity Loan||11.20%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||18.6%|