Ferndale First-Time Homebuyer Report for October

Ferndale is much older than the rest of Washington, with a median age of 34. It's somewhat affluent as well, with a median income of $51,231 per household. The Ferndale market is almost exclusively made up of detached houses, which currently account for 100% of the homes for sale in the area. Heading the list of top schools in the city is Stuart Island Elementary School.

Culture

If you're into the outdoors, great attractions in Ferndale include Hovander Homestead Park and Pioneer Park, according to Foursquare. If you're looking for a good dining experience, some favorites are SONIC Drive In, Chihuahua Family Mexican Restaurant, and Denny's. You could also check out the popular Cedar's Restaurant & Lounge for a drink.

Price Range

Homes in Ferndale are generally more expensive than others in the state with a median home value of $235,300 and an average list price of $341,027. The Ferndale market looked active this week as sales climbed 8.3% to hit 26 homes sold over the last 30 days.

Make sure you take a look at these eye-catching homes in Ferndale that generated the most views from potential buyers:

$398K   $450K   $449K  

Typical Dwelling

A three-bedroom detached home valued around $300,325 is considered a typical dwelling in Ferndale. If a buyer was looking for a similar home, they would need good credit and a $60,065 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,386 and the property tax rate is $10.53 per $1,000 of taxable assessed value.

Get started right now by checking out Ferndale homes for sale or reviewing Ferndale real estate trends.


Data reported through 10/13/2016

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