Ferndale, MI has a population of 20,159, while the median age is 35. The household income in Ferndale, MI is around $61,060. The homeownership rate among the residents is 64%. The median residential property value in Ferndale, MI that you should keep in mind is $131,100.
Population | 20,159 |
Median Age | 34.6 |
Poverty Rate | 14% |
Household Income | $61,060 |
Number Of Employees | 13,097 |
Median Property Value | $131,100 |
Rent Price | Jul | vs Last Month |
---|---|---|
1 bed rentals | $793 | -25.6% |
2 bed rentals | $1,700 | +11.3% |
3 bed rentals | $2,152 | +21.1% |
4+ bed rentals | $2,000 | -20% |
Over the Jul 2022, the average rent for an apartment in/near Ferndale, MI increased by 1% to $1,688.
Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 25.6% to $793. Pricing for 2-bed apartment also increased by 11.3% and a place of this size will now cost you $1,700. 3-bed apartment rent pricing starts at $2,152, it increased by 21.1% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 20% and made it down to $2,000.
Rent Type Price | Jul | vs Last Month |
---|---|---|
House rentals | $1,984 | +18.7% |
Apartment rentals | $550 | N/A |
Room rentals | $775 | N/A |
Looking at the median rent price for an apartment in Ferndale, MI, you can note that it remains flat with a price tag of $550. Statistics show that house rent price increased by 18.7% this month making it up to $1,984. If you’re looking for a room, the price tag still starts at $775. The median price did not change this time.