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Ferndale, MI Housing

 
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As of 2010-2014, median price of a house in Ferndale is $92,100, which is lower than the state average of $120,200 and is much lower than the national average of $175,700. The Ferndale median house value has shrunk by 10.50% since 2000. The growth rate for the price of a house in Ferndale is lower than the state average rate of 3.98% and is much lower than the national average rate of 46.91%. The median year that a house in Ferndale was built is 1946, which is older than the median year for a house built in the state which is 1969 and is older than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 5,654 Owner Occupied Houses in Ferndale, MI, #311
Ferndale, MI
92,100 USD
Michigan
120,200 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #496
Ferndale, MI
-10.50%
Michigan
3.98%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Ferndale, MIMichiganU.S.
Total Housing Units10,520, see rank, 100%4,532,719132,741,033
Occupied Housing Units9,381, 89.17%, see rank84.45%87.55%
Owner Occupied5,654, 53.75%, see rank60.41%56.34%
Renter Occupied3,727, 35.43%, see rank24.04%31.21%
Vacant Housing Units1,139, 10.83%, see rank15.55%12.45%
For Rent214, 2.03%, see rank1.84%2.34%
For Sale Only115, 1.09%, see rank1.40%1.20%
Rented or Sold, Not Occupied125, 1.19%, see rank1.04%0.92%
For Seasonal, Recreational, or Occasional Use109, 1.04%, see rank6.26%3.97%
For Migrant Workers0, 0.00%, see rank0.05%0.03%
Other Vacant576, 5.48%, see rank4.96%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #605
Ferndale, MIMichiganU.S.
194619691976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Ferndale, MI%MichiganU.S.
Owner-Occupied Units5,654100%2,738,01274,787,460
With a Mortgage4,07572.07%, see rank63.63%65.58%
Without a Mortgage1,57927.93%, see rank36.37%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Ferndale, MI
1,278 USD
Michigan
1,295 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsFerndale, MI%MichiganU.S.
$299 or Less90.22%, see rank0.19%0.20%
$300 to $499912.23%, see rank1.88%1.59%
$500 to $6991563.83%, see rank6.65%5.01%
$700 to $99991222.38%, see rank19.56%14.32%
$1,000 to $1,4991,84845.35%, see rank34.69%27.90%
$1,500 to $1,99968116.71%, see rank20.06%20.35%
$2,000 to $2,9993618.86%, see rank12.84%19.52%
$3,000 or More170.42%, see rank4.13%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Ferndale, MI
22.30% of the Total Income
Michigan
22.60% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Ferndale, MI%MichiganU.S.
10% or Less2556.26%, see rank5.90%5.86%
10% to 20%1,40334.43%, see rank35.28%31.95%
20% to 30%1,17628.86%, see rank27.51%27.64%
30% to 40%46911.51%, see rank12.63%13.74%
40% or More70317.25%, see rank18.20%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Ferndale, MI
443 USD
Michigan
463 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsFerndale, MI%MichiganU.S.
$199 or Less452.85%, see rank4.74%7.76%
$200 to $29926416.72%, see rank12.46%14.70%
$300 to $49970744.78%, see rank40.41%34.63%
$500 to $69943527.55%, see rank25.95%21.16%
$700 or More1288.11%, see rank16.44%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Ferndale, MI
14.40% of the Total Income
Michigan
13.40% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Ferndale, MI%MichiganU.S.
10% or Less52833.44%, see rank35.33%40.19%
10% to 20%49531.35%, see rank33.76%31.47%
20% to 30%32920.84%, see rank13.39%12.24%
30% to 40%865.45%, see rank6.18%5.64%
40% or More956.02%, see rank9.99%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Ferndale, MIMichiganU.S.
Total Housing Units10,520, 100%4,532,719132,741,033
1-unit, Detached8,391, 79.76%, see rank71.97%61.65%
1-unit, Attached298, 2.83%, see rank4.66%5.82%
2 Units709, 6.74%, see rank2.58%3.75%
3 or 4 Units154, 1.46%, see rank2.56%4.43%
5 to 9 Units287, 2.73%, see rank4.20%4.78%
10 or More Units615, 5.85%, see rank8.58%13.08%
Mobile Home, Boat, RV, Van, etc.66, 0.63%, see rank5.45%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Ferndale, MIMichiganU.S.
Total Housing Units10,520, 100%4,532,719132,741,033
1 Room123, 1.17%, see rank1.24%1.95%
2 Rooms92, 0.87%, see rank1.78%2.48%
3 Rooms720, 6.84%, see rank7.14%9.13%
4 Rooms1,805, 17.16%, see rank14.38%16.60%
5 Rooms2,704, 25.70%, see rank21.00%20.41%
6 Rooms2,408, 22.89%, see rank20.07%18.06%
7 Rooms1,146, 10.89%, see rank13.45%12.27%
8 Rooms745, 7.08%, see rank9.27%8.48%
9 Rooms or More777, 7.39%, see rank11.67%10.60%
Median Rooms5.40, see rank5.705.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Ferndale, MIMichiganU.S.
Total Housing Units10,520, 100%4,532,719132,741,033
No Bedroom123, 1.17%, see rank1.35%2.17%
1 Bedroom1,055, 10.03%, see rank9.11%11.16%
2 Bedrooms3,523, 33.49%, see rank26.33%26.69%
3 Bedrooms4,843, 46.04%, see rank43.93%39.70%
4 Bedrooms815, 7.75%, see rank15.80%16.05%
5 or More Bedrooms161, 1.53%, see rank3.47%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Ferndale, MIMichiganU.S.
Total Housing Units9,381, 100%3,827,880116,211,092
Utility Gas8,578, 91.44%, see rank77.13%48.85%
Bottled, Tank, or LP Gas130, 1.39%, see rank8.48%4.86%
Electricity608, 6.48%, see rank8.30%36.68%
Fuel Oil, Kerosene, etc.10, 0.11%, see rank1.40%5.86%
Coal or Coke0, 0.00%, see rank0.03%0.12%
Wood16, 0.17%, see rank3.39%2.12%
Solar Energy0, 0.00%, see rank0.02%0.05%
Other Fuel0, 0.00%, see rank0.86%0.47%
No Fuel Used39, 0.42%, see rank0.39%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalFerndale, MIMichiganU.S.
Occupied Units Paying Rent3,657, 100%1,028,83539,201,928
$199 or Less17, 0.46%, see rank1.86%1.50%
$200 to $299164, 4.48%, see rank3.88%3.18%
$300 to $499138, 3.77%, see rank9.32%7.37%
$500 to $699610, 16.68%, see rank23.63%16.01%
$700 to $9991,405, 38.42%, see rank35.23%29.17%
$1,000 to $1,4991,183, 32.35%, see rank20.17%26.88%
$1,500 to $1,999125, 3.42%, see rank3.85%9.79%
$2,000 or More15, 0.41%, see rank2.06%6.10%
Median$865, see rank$780$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Ferndale, MIMichiganU.S.
Occupied Housing Units9,381, 100%3,827,880116,211,092
No Vehicles Available642, 6.84%, see rank7.97%9.12%
1 Vehicles Available4,300, 45.84%, see rank35.06%33.80%
2 Vehicles Available3,379, 36.02%, see rank38.45%37.48%
3 or More Vehicles Available1,060, 11.30%, see rank18.52%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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