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Ferndale city, MI

ZIP 48220 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 48220

Median Home Value
$229,700
Median Rent
$1,082
Affordability Snapshot
$63,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,476/mo PITI).

15%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

17.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 48220 in Ferndale city, MI, a household would need roughly $63,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,476. That sits below the local median household income ($86,095), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
64.5%-1% vs US avg
x
Vacancy Rate
6.3%-38% vs US avg
x
Broadband Access
90.7%+4% vs US avg
x
4+ Bedrooms
0.5%-97% vs US avg
x
Built Pre-1939
14.1%+10% vs US avg
x
Built Post-2014
0.7%-91% vs US avg
x
Rent Burden >30%
16.0%-68% vs US avg
x
Mortgage-Free
25.2%-34% vs US avg
x
$229,700
Home Value
$1,082
Rent
1945
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached76.6%
  • 1-unit attached2.9%
  • 2-9 units11.5%
  • 10+ units8.7%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$229,700
Median rent$1,082
Owner-occupied64.5%
Vacant6.3%
Price-to-income2.7x
Est. income to buy$63,000