Ferndale Real Estate Market Overview
Average Monthly Rent:
$1,786
Percentage Change in Home Price/Value:
7.80%
Median Home Value:
$255,278
Best Time To Sell Home:
December
Affordability Index:
127
Days To Sell House:
59.42
Job Market:
Strong
Public School Ranking:
26
Location and Weather
Ferndale is a part of the Orlando-Kissimmee Metropolitan Statistical Area. It is bordered to the west by the city of Minneola, to the southeast by the town of Montverde, and to the northeast by Lake Apopka – the fourth largest lake in the U.S. Sugarloaf Mountain is nearby with the highest elevation in Florida. It’s a popular spot for outdoor recreation including hiking and biking. Other attractions are the LunaSea Alpaca Farm and Ferndale Preserve.
In Ferndale the summers are warm and humid, while the winters are short and mild. The summer temperatures are in the 90’s, with lows in the 70’s. The winter temperatures are in the 70’s, with lows in the high 40’s.
Population, Job Market and Cost of Living
The population of Ferndale in 2019 was 506, but has increased by 3.92% over the last year. In ten years, the job growth is predicted to have increased by 51.92%. The major industries are in construction, arts, entertainment, recreation, administration and support. The cost of living is low, due to the Ferndale real estate market and cost of housing.
With Lake Apopka, Sugarloaf Mountain and Ferndale Preserve nearby for outdoor recreation, improving job growth in diverse industries, and low cost of living, Ferndale will continue to attract families and retirees to this small town.
