Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 35.5 yrs |
|---|---|
| Avg HH Size | 1.91 |
| Below Poverty | 10.1% ≈ Avg |
| College Grads | 60.4% ▲ 56% above avg |
| Unemployment | 5.9% ▲ 20% above avg |
| No HS Diploma | 147 (0.9%) |
| HS Graduate | 2,878 (17.1%) |
| Some College | 1,162 (6.9%) |
| Associates | 2,468 (14.7%) |
| Bachelors | 1,156 (6.9%) |
| Graduate Degree | 8,977 (53.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $86,095 ▲ 13% above avg |
|---|---|
| Median Home Value | $229,700 ▼ 18% below avg |
| Home/Income Ratio | 2.7x (nat avg ~3.5x) |
| Median Rent | $1,191/mo |
| Total Housing Units | 12,003 |
| Vacant Units | 761 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Ferndale is a city in Michigan, located in Oakland County. The city spans 1 ZIP code and is home to approximately 21,502 residents. It is a relatively young city, with a median age of 35.5 years.
Economically, Ferndale is a middle-income community. The median household income of $86,095 is near the national average. Approximately 10.1% of residents live below the poverty line. The unemployment rate is 5.9%, above the national average.
The real estate market in Ferndale is an affordable housing market. Median home values stand at $229,700, which is below the national average. Renters typically pay around $1,191 per month. Homeownership is high at 64.5%, typical of suburban and family-oriented communities.
The population of Ferndale is highly educated. 60.4% of adults hold a bachelor's degree or higher — significantly above the national average. The community is primarily White (72.44%).
Ferndale, MI offers residents above-average earning potential within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 48220 | 21,502 | $86,095 | $229,700 | $1,191 | 5.9% | 60.4% | 64.5% |