Housing in Ferndale, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$264,450
Median List Price
$229,900
Price Per Sq Ft
$195
Days on Market
39
Active Inventory
56
Months of Supply
3.1
Seller's market
Zillow Home Value
$241,620
ZHVI — January 2026
Zillow Rent Index
$1,680
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
16.7%
Off Market in 2 Weeks
23.1%
Sale-to-List Ratio
96.7%
Buyer's market
Market Activity
Source: RedfinHomes Sold
18
New Listings
23
Pending Sales
26
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$195
Median List $/SF
$220
Ferndale vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Ferndale is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$233,600
Median Rent
$1,235
Total Housing Units
10,844
Vacancy Rate
6.3%
Owner Occupied
67.6%
Renter Occupied
32.4%
Median Property Tax
$3,768
per year
Monthly Cost (w/ Mortgage)
$1,383
Housing Types
The current median sale price in Ferndale, MI is $264,450 according to Redfin data. Homes spend a median of 39 days on the market. 16.7% of homes sold above asking price. The market has 3.1 months of supply. The median price per square foot is $195. Zillow's observed rent index is $1,680/month. About 67.6% of housing units are owner-occupied. The median year homes were built is 1943. There are 10,844 total housing units.