Foreclosure Homes in Ferndale, MI

Current Market Conditions in Ferndale, MI

The real estate market in Ferndale has been experiencing steady growth, with an increase in home values over the past year. The demand for housing continues to rise, driven by the area's appealing urban-rural mix and accessibility to the city.

Recently, there has been a trend towards renovations and upgrades in older homes, as buyers seek to blend character with modern convenience. New constructions are also emerging, responding to the influx of new residents looking to settle in Ferndale.

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.