The typical owner-occupied home in Ferndale is worth about $320,800, 11% below the Florida median of $359,000 and 4% below the national median of $332,700. 80% of occupied homes here are lived in by their owners, and 61% of those owners still have a mortgage.
Ferndale at a glance
| Ferndale | Florida | U.S. | |
|---|---|---|---|
| Median home value | $320,800 | $359,000 | $332,700 |
| Median property tax paid per year | – | $2,730 | $3,119 |
| Median household income | – | $74,568 | $80,734 |
| Homes lived in by their owners | 80% | 68% | 65% |
| Owner homes with a mortgage | 61% | 56% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 25.9% | 23.6% | 21.0% |
| Median rent | – | $1,669 | $1,413 |
| Median year homes were built | 1988 | 1988 | 1980 |
| Vacant homes | 34.9% | 14.7% | 10.1% |
| Population | 359 | 22,416,077 | 334,922,499 |
What a typical home costs per month in Ferndale
At this week's average 30-year rate of 7.11%, buying the median Ferndale home of $320,800 with 20% down costs about $2,154 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,689, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $92,321 for the 20%-down payment.
| Down payment | $64,160 |
|---|---|
| Loan amount | $256,640 |
| Principal and interest | $1,726 |
| Property taxes (1.10% a year) | $294 |
| Homeowners insurance (our estimate, 0.5% a year) | $134 |
| PMI | $0 |
| Total per month | $2,154 |
Change the numbers in the calculator
| Down payment | $11,228 |
|---|---|
| Loan amount | $314,990 |
| Principal and interest | $2,119 |
| Property taxes (1.10% a year) | $294 |
| Homeowners insurance (our estimate, 0.5% a year) | $134 |
| FHA mortgage insurance | $142 |
| Total per month | $2,689 |
Change the numbers in the calculator
Questions about home buying in Ferndale
What is the median home value in Ferndale?
About $320,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Ferndale?
For the median home with 20% down at 7.11%, the payment is about $2,154 a month. Keeping that under 28% of gross income takes about $92,321 a year.
More about Ferndale
- Mortgage Refinance in Ferndale
- Debt Relief in Ferndale
- Home Equity Loans in Ferndale
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data