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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 $309,373, lower than the Maryland average of $450,578.
The average cost of rent is $2,147/mo in Ferndale, primarily driven by the current value of real estate in the Ferndale area. In Ferndale, 32.53% of households rent, and 25.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ferndale is $8,008 per month. Households that rent pay about 26.81% of their income on rent here. Ferndale’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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: equally 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: equally priced homes
- Las Vegas, NM: less expensive homes
- Las Carolinas, PR: less expensive homes
- Laconia, NH: higher priced homes
- Labelle, FL: less expensive homes
- La Crescenta, CA: higher priced homes
- Kingsburg, CA: higher priced homes
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