Median home value: $242K (+0.3% YoY). Rent: $1,680/mo. Price-to-rent: 12.0x. Part of Detroit-Warren-Dearborn, MI.
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Basic Zillow data only. For stress scores, AI analysis, and trends, Detroit-Warren-Dearborn, MI metro page.
Home Value$241,620
+0.3%
Rent$1,680/mo
AFFORDABILITYBuying $78/mo cheaper ($1,680 rent)6.00% 30yr, 20% down, county tax + MI ins. 28% per HUD.
Enter your income for Ferndale.
$48,324 on $241,620
Affordable — 25.6% of income
Under the 28% guideline.
PITI$1,602
P/I25.6%
Afford$264K
Room+$22K
P&I $1,159Tax $310Ins $133
Home Buying Kit For Dummies (2025)Financing, negotiation, closing