The story of this market
The typical home in ZIP 48220 sells for about $273,000, or $242 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 13 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,272 a month.
ZIP 48220 — Ferndale
The Ferndale housing market remains stable with a median sale price of $273,000 and a competitive pace of 13 days on market. Demand is supported by the area's walkability and proximity to Detroit, though half of active listings have seen price cuts, suggesting a balanced negotiation environment between buyers and sellers.
This ZIP is ideal for young professionals, first-time homebuyers, and families seeking a walkable, urban-suburban lifestyle with easy access to Detroit.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 13 days on market with 2.0 months of supply — a fast-moving market.
50% of listings have cut prices · homes sell at 100% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.6% · poverty 11.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 48220
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Ferndale generally experiences crime rates consistent with similar inner-ring suburbs of Detroit, with property crime being the primary concern. Local law enforcement maintains active community engagement to manage safety trends.
Schools serving the area are part of Ferndale Public Schools, which are characterized by a focus on community-integrated learning and diverse student populations.
The area is primarily an urbanized environment with low risk for wildfires; flood risk is generally managed through municipal storm infrastructure.
Economic momentum is driven by the Woodward Corridor, with a mix of small businesses, creative industries, and proximity to major Detroit-area employers.
Property taxes are levied based on the taxable value determined by the city assessor, subject to Michigan's Proposal A limitations on annual increases.
Residents benefit from direct access to the Woodward Corridor, providing a straightforward commute to downtown Detroit and surrounding employment hubs.
The area features a highly walkable downtown, numerous local parks, and proximity to regional greenbelts and shopping districts along Nine Mile Road.
The rental market is robust with high demand for single-family homes and small-scale multi-family units, reflecting the city's popularity among young professionals.
The local economy is anchored by retail, hospitality, and professional services, benefiting from its location on the Woodward Corridor.
The area is served by major thoroughfares including Woodward Avenue and I-696, facilitating regional transit.
Development is focused on infill projects and the revitalization of existing commercial corridors.
The Oakland County Equalization Division oversees assessment standards to ensure uniformity across local jurisdictions.
Parcels are subject to Ferndale Public Schools and Oakland Community College district taxes.
Property insurance premiums are influenced by regional weather patterns and the age of the housing stock.
Data retrieved from data.census.gov ZCTA 48220 profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- C.J. Barrymore's4.417 mi
- Dave & Buster's Livonia414.7 mi
- Dave & Buster's Utica4.113.5 mi
- Adventure Bay Family Water Park Presented by WFCU Credit Union4.410.9 mi
- Round1 Bowling & Arcade - Auburn Hills4.118.7 mi
- Little Caesars Arena4.69.1 mi
- Comerica Park4.79.4 mi
- Ford Field4.69.4 mi
- Huntington Place4.510.2 mi
- Topgolf4.218.4 mi
- Ambassador Bridge410.8 mi
- Comerica Park4.79.4 mi
- Henry Ford Museum of American Innovation4.811.8 mi
- Detroit Zoo4.51.4 mi
- Detroit Institute of Arts4.87.8 mi
- Henry Ford Museum of American Innovation4.811.8 mi
- Detroit Institute of Arts4.87.8 mi
- Greenfield Village4.811.7 mi
- Michigan Central4.89.5 mi
- Motown Museum4.77 mi
- Campus Martius Park4.79.9 mi
- Detroit Riverwalk4.810.4 mi
- Dodge Park4.711.4 mi
- Cranbrook House & Gardens4.89.4 mi
- Red Oaks Waterpark4.45 mi
- Western Golf & Country Club4.69.4 mi
- Rackham Golf Course3.81.8 mi
- Maple Lane Golf Club and Driving Range48.6 mi
- Sanctuary Lake Golf Course3.911.6 mi
- Glen Oaks Golf Course4.311.6 mi
- Somerset Collection4.67.4 mi
- Oakland Mall4.15.6 mi
- Fairlane Town Center4.110.7 mi
- Meijer41.4 mi
- Detroit Metropolitan Wayne County Airport4.320.2 mi
- Windsor International Airport4.216 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A vibrant district known for its walkability, restaurants, and nightlife.
A central community park offering recreational facilities and green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.