Home prices
Ferndale's median home value is $162,000. It is about $62,980 (27%) lower in comparison to the surrounding areas.Compared to the country as a whole it is about $55,500 (25%) lower, and compared to the city of Detroit is about $112,800 (229%) higher.
Rents
Ferndale's median monthly rent is $1,032. In comparison to its nearby areas this is roughly $295 (22%) lower.In comparison to the US as a whole it is roughly $30 (2%) lower, and compared to the city of Detroit it is roughly $208 (25%) higher.
Nearby places
Pleasant Ridge
Pleasant Ridge is Ferndale's neighbor to the northwest. The housing prices there are significantly more expensive. The median home in Pleasant Ridge costs $346,100, which comes out to $184,100 (53%) higher than Ferndale. The rent there is a bit more expensive. In Pleasant Ridge the median monthly rent is $1,445, which works out to $413 (28%) higher than Ferndale.
Hazel Park
Hazel Park is Ferndale's neighbor to the east. Real estate prices there are substantially less expensive. The median home cost in Hazel Park is $73,600, which comes out to $88,400 (120%) lower than Ferndale. Rents there are a bit less expensive. In Hazel Park the median monthly rent is $978, which comes out to $54 (5%) lower than Ferndale.
Oak Park
Oak Park is Ferndale's neighbor to the west. The real estate prices there are a lot less expensive. The median home in Oak Park costs $117,700, which comes out to $44,300 (37%) lower than Ferndale. Its rents are a little more expensive. The median rent in Oak Park is $1,120 per month, which comes out to $88 (7%) higher than Ferndale.
Royal Oak
Royal Oak is Ferndale's neighbor to the north. Its real estate prices are a bit more expensive. The median home price in Royal Oak is $224,600, which is $62,600 (27%) higher than Ferndale. The rent there is pretty similar. Royal Oak's median monthly rent is $1,079, which is $47 (4%) higher than Ferndale.
Huntington Woods
Huntington Woods is about 2 miles northwest from Ferndale. Its real estate prices are significantly more expensive. Huntington Woods's median home value is $362,900, which works out to $200,900 (55%) higher than Ferndale. The rent there is a lot more expensive. Huntington Woods's median monthly rent is $2,014, which is $982 (48%) higher than Ferndale.
