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Rent To Own Homes in Ferndale, MI 48030

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Ferndale, MI Foreclosures

How much do homes sell for in Ferndale, MI?
The average home price is currently $276,890.
In Ferndale, MI, how many homes are available?
There are currently 43 active home listings available in Ferndale.
What’s the average rental cost in Ferndale, MI?
The average rental price in Ferndale is $1,142.
What is the most expensive home in Ferndale?
The most expensive home sold in Ferndale had a price of $1,243,230.
What is currently the cheapest priced home in Ferndale, MI?
The cheapest home for sale in Ferndale is priced at $17,360.

Living in Ferndale, MI

Ferndale, MI, is a charming and diverse community just north of Detroit. Known for its vibrant arts scene, locally-owned businesses, and commitment to sustainability, it offers an array of parks and recreational activities. The city's excellent schools and welcoming atmosphere make it a desirable place for families and young professionals alike.

Current Market Conditions in Ferndale, MI

The Ferndale real estate market is robust, featuring a wide range of homes from historic properties to modern builds. There has been a steady demand for housing in the area, leading to an increase in home values over the past few years. Many buyers are drawn to Ferndale's unique charm and the proximity to the city of Detroit.

Current trends indicate a growing interest in eco-friendly homes and properties with unique architectural features. The stability of the market suggests that investing in Ferndale real estate remains a wise choice for both first-time homeowners and seasoned investors.

Home Value Estimator For Ferndale, MI

There are currently 9,669 real estate properties in Ferndale, MI, with a median automated valuation model (AVM) price of $256,393.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Ferndale, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Ferndale, MI, is $276,890.00, with the most expensive house in Ferndale, MI, topping out at $1,243,230.00 and the cheapest home in Ferndale, MI, clocking in at $17,360.00. In other words, there’s something for every potential homebuyer or savvy investor in Ferndale, MI!

Rent Prices In Ferndale, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Ferndale, MI, is on a rollercoaster ride. The average rent price in Ferndale, MI, is $1,142.00. Indeed, when looking to rent in Ferndale, MI, you can expect to pay as little as $720.00 or as much as $2,360.00, with the average rent median estimated to be $1,130.00. The good news is that finding an affordable and desirable property to rent in Ferndale, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Ferndale, MI 48030 Rent To Own Homes

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