Ferndale (48220) has an estimated 22,319 residents with 22,254 of those people in approximately 10,583 housing units. The 48220 zipcode contains 5,191 housing units that are owned with a mortgage or a loan, 1,407 housing units that are owned free and clear and 3,985 housing units that are renter occupied.

In Ferndale (48220) the median listing price of $185,500 has declined by $4,450 since 2018-10.

In 2018 the average percentage drop was 3.85% of original listing price.

Zip code 48220 is in the Detroit-Warren-Dearborn metropolitan area.
The median estimated home value in Ferndale, MI (48220) is $172,500 as of 2018-10-31

The Zillow Market Health Index for Ferndale, MI (48220) is 5.81. The corresponding state value is 6.27. This is lower than the overall Market Health Index of Michigan.
Metro value is 4.41.
This is higher than the overall Market Health Index of Detroit-Warren-Dearborn.