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Ferndale real estate market overview
- Average Monthly Rent: $1,961
- Home Price/Value Percentage Change: 8.20%
- Median Home Value: $452,643
- Best Time To Sell a Home: June
- Affordability Index: Moderate
- Days To Sell a House: 29
- Job Market: Fair
- Public School Ranking: 18
Location and weather
Ferndale Florida is located in Lake County, Florida around 25 miles from the Atlantic Coast. This city's small, rural suburb is part of the Orlando-Kissimmee Metropolitan Statistical Area. Majority of this area is made up of flat, green farm land which attracts residents looking for a quiet and calm residential area. Due to its layout, most residents require cars or other forms of transportation to effectively navigate across town.
As for the weather, there are over 230 days of sunshine and 52 inches of rain per year in this quaint city. During winter, temperatures can reach lows in the mid 40s.
Population, job market and cost of living
Ferndale has a very small population of 572, with a growth rate of 1.42% annually.
The job market here has decreased by -10.20% over the last year. In ten years, job growth is predicted to be 51.22%. Major industries here are public administration, arts, entertainment and recreation, and transportation and warehousing.
Cost of living in this city is less than Florida's average, which means it's an affordable place to live.
Ferndale real estate market details
- Summit Greens
- Greater Hills
- Palisades
- Bella Collina
- Skyridge Valley
The average monthly rent in Ferndale is $1,961 for an average apartment size of 1.018 sq. feet.
There has been a 8.2% increase in Ferndale's median home value over the last year. As of 2023, the median home value is $452,643.
On average, homes in Ferndale sell after 29 days on the market.
Home sales during June can provide the highest valued sale, while home sales in May can provide the quickest sale.
The affordability index in Ferndale is 105. This number indicates moderate affordability in this city.
The top ranked public schools are Lake Minneola High School, Imagine Schools South Lake, Cypress Ridge Elementary School, Grassy Lake Elementary School, and Easy Ridge Middle School. This information is dependent on key statistics, reviews from students and parents and data from the US Department of Education.