Ferndale, MD Real Estate
According to census data in the year 2000 there were 6,432 housing units in Ferndale.
This represents a 1.4% growth from 6,346 in 1990.
Of those housing units, 6,432 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Ferndale is about 61.3%.
Ferndale's vacancy rate, including seasonal lodging, is about 3.1%.
Average household size is 2.57 people.
The majority of houses, apartments or condos in Ferndale were built after 1967.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.70% |
| One Bedroom | 8.80% |
| Two Bedrooms | 24.90% |
| Three Bedrooms | 49.90% |
| Four Bedrooms | 11.80% |
| Five Bedrooms or more | 1.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.63 |
| Median year structure was built | 1964 |
| Median Value of occupied units | $126,800 |
| Median Price asked for vacant units | $115,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.49 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $661 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.60% |
| Second Mortgage | 10.10% |
| Home Equity Loan | 9.20% |
| Simple Mortgage | 50.60% |
| Debt Free | 29.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.8% |
