Ferndale, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Ferndale, WA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Ferndale Housing Market Information

With a population of 13,010, 4,549 total housing units (homes and apartments), and a median house value of $274,264, Ferndale real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Ferndale, accounting for 60.61% of the city's housing units. Other types of housing that are prevalent in Ferndale include large apartment complexes or high rise apartments ( 15.84%), mobile homes or trailers ( 10.82%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.53%).

The most prevalent building size and type in Ferndale are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.83% owning and 37.17% renting.

There is a lot of housing in Ferndale built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Ferndale built between 2000 and later ( 28.33%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.33%). There's also some housing in Ferndale built before 1939 ( 6.70%).

Ferndale Home Appreciation Rates

Appreciation rates for homes in Ferndale have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.64%, which ranks in the top 50% nationwide. This equates to an annual average Ferndale house appreciation rate of 0.36%.

Appreciation rates are so strong in Ferndale that despite a nationwide downturn in the housing market, Ferndale real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ferndale appreciation rates continue to be some of the highest in America, at 11.46%, which is higher than appreciation rates in 96.67% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ferndale. Ferndale appreciation rates in the latest quarter were at 2.39%, which equates to an annual appreciation rate of 9.91%.

Importantly, this makes Ferndale one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Washington, our data show that Ferndale's latest annual appreciation rate is higher than 70% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$274,264

Ferndale, WA HOME PRICES

Value Range
> $1,214,000 0.9
$910,001 - $1,214,000 0.0
$607,001 - $910,000 5.4
$485,001 - $607,000 5.5
$364,001 - $485,000 18.9
$243,001 - $364,000 43.5
$121,001 - $243,000 17.3
$61,001 - $121,000 3.5
$0 - $61,000 5.0

Average for WA
Very High for Nation

Value Relative to Nation Value Relative to State
19.1726239306223 47.1631205673759

Number Of Homes And Apartments:
4,549

Ferndale Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
95.01% 3.95% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,080 / per month

Homeownership Rate

Homeownership
Owners 62.83
Renters 37.17
Vacant 2.88

Housing Market Details

 

Age of Homes

AGE OF Ferndale HOMES
2000 or Newer 28.3
1970 - 1999 49.6
1940 - 1969 15.3
1939 or Older 6.7

Types of Homes

TYPE OF Ferndale HOMES
Single-Family 60.6
Townhomes 1.6
Small Apt. Buildings 10.5
Apt. Complexes 15.8
Mobile Homes 10.8
Other 0.6

Home Size

SIZE OF Ferndale HOMES
No Bedroom 1.15
1 Bedroom 8.60
2 Bedrooms 26.15
3 Bedrooms 42.53
4 Bedrooms 16.01
5 or more bedrooms 5.55

Popular Neighborhoods in Ferndale

Popular Communities Near Ferndale, WA

Zip Codes in Ferndale, WA