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These days, finding an affordable place to live in the Ferndale area can be challenging. Home prices in Ferndale are now at a median cost of $485,608, higher than the Arkansas average of $207,061.
The average cost of rent is $928/mo in Ferndale, primarily driven by the current value of real estate in the Ferndale area. In Ferndale, 9.00% of households rent, and 46.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ferndale is $9,924 per month. Households that rent pay about 9.35% of their income on rent here. Ferndale’s most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
- Dunes City, OR: higher priced homes
- West Tocoi, FL: equally priced homes
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- Coggon, IA: less expensive homes
- Country Club Hills, MO: less expensive homes
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