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These days, finding an affordable place to live in the Ferguson area can be challenging. Home prices in Ferguson are now at a median cost of $154,143, lower than the West Virginia average of $177,366.
The average cost of rent is $821/mo in Ferguson, primarily driven by the current value of real estate in the Ferguson area. In Ferguson, 20.07% of households rent, and 59.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ferguson is $2,908 per month. Households that rent pay about 28.25% of their income on rent here. Ferguson’s most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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