foreclosure.com

Rent To Own Homes in Ferndale, MI

Search within map
Displaying 1 - 4 of 4
 
More real estate for sale

Other cities with foreclosures
Zip codes

Living in Ferndale, MI

Ferndale, MI, is a vibrant city known for its diverse community and lively arts scene. With unique shops and eateries, outdoor parks, and a strong educational system, this city is perfect for families and professionals alike. Its close proximity to Detroit offers additional urban amenities, making it a desirable location for home buyers.

Current Market Conditions in Ferndale, MI

The real estate market in Ferndale is currently competitive, with home prices on the rise due to increased demand and limited inventory. Investors will find a mix of charming bungalows and modern homes, appealing to a variety of buyers. Additionally, the rental market is strong, providing opportunities for investors seeking rental properties.

Ferndale has seen an increase in property values over the past few years, thanks in part to its strategic location and community development initiatives. As more people recognize the value of living in a diverse, culture-rich area that offers convenient access to downtown Detroit, the trend of rising home prices is expected to continue.

Home Value Estimator For Ferndale, MI

There are currently 9,671 real estate properties in Ferndale, MI, with a median automated valuation model (AVM) price of $259,874.00. 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 $277,244.00, with the most expensive house in Ferndale, MI, topping out at $1,216,038.00 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 Rent To Own Homes


Get NEW Foreclosure Listings sent to your inbox

Millions of people receive foreclosure alerts daily, don't miss out.

Equal Housing Opportunity
Privacy Policy   |   Terms and Conditions of Service   |   © Foreclosure.com / ForeclosureFreeSearch.com 1999-2025. All Rights Reserved.