Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 15,840 people, 5,179 houses or apartments, and a median cost of homes of $581,995, real estate costs in Ferndale are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Washington communities.
Single-family detached homes are the single most common housing type in Ferndale, accounting for 63.03% of the city's housing units. Other types of housing that are prevalent in Ferndale include large apartment complexes or high rise apartments ( 21.53%), duplexes, homes converted to apartments or other small apartment buildings ( 7.56%), and a few mobile homes or trailers ( 4.73%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ferndale. Owner-occupied housing accounts for 65.49% of Ferndale's homes, and 61.17% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Ferndale built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Ferndale built between 2000 and later ( 40.31%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.25%). There's also some housing in Ferndale built before 1939 ( 6.13%).
Appreciation rates for homes in Ferndale have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 111.73%, which ranks in the top 30% nationwide. This equates to an annual average Ferndale house appreciation rate of 7.79%.
Over the last year, Ferndale appreciation rates have trailed the rest of the nation. In the last twelve months, Ferndale's appreciation rate has been 1.14%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ferndale were at 5.19%, which equates to an annual appreciation rate of 22.44%.
Importantly, this makes Ferndale one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Washington, our data show that Ferndale's latest annual appreciation rate is lower than 60% of the other cities and towns in Washington.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Ferndale differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ferndale - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Ferndale real estate investment or home purchase decisions.
$581,995
for Washington
for nation
5,179
$1,996 / per month