Home Price Key
Affordable
Average
Expensive
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 $252,822, lower than the Maryland average of $357,815.
The average cost of rent is $1,526/mo in Ferndale, primarily driven by the current value of real estate in the Ferndale area. While nearly 21.26% of residents own their homes outright in Ferndale, 42.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in Ferndale is $6,628 per month. Households that rent pay about 23.03% of their income on rent here. Ferndale's most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Linthicum, MD: higher priced homes
- Brooklyn Park, MD: less expensive homes
- Glen Burnie, MD: higher priced homes
- Baltimore Highlands, MD: less expensive homes
- Linthicum Heights, MD: higher priced homes
- Brooklyn, MD: less expensive homes
- Lansdowne, MD: less expensive homes
- Curtis Bay, MD: higher priced homes
- Harmans, MD: higher priced homes
- Halethorpe, MD: less expensive homes
Cities with Similar Populations
- Kings Park, NY: higher priced homes
- New Paltz, NY: higher priced homes
- Lewisville, NC: higher priced homes
- Laurel, VA: less expensive homes
- Las Vegas, NM: less expensive homes
- Las Carolinas, PR: less expensive homes
- Laconia, NH: equally priced homes
- Labelle, FL: less expensive homes
- La Crescenta, CA: higher priced homes
- Kingsburg, CA: higher priced homes
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