The median home value in Ferndale, MI is $215,500. This is lower than the county median home value of $285,000. The national median home value is $308,980. The average price of homes sold in Ferndale, MI is $215,500. Approximately 61% of Ferndale homes are owned, compared to 32% rented, while 7% are vacant. Ferndale real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a Ferndale real estate agent to arrange a tour today! Learn more about Ferndale Real Estate.