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Ferndale city, WA

ZIP 98248 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 98248

Median Home Value
$550,300
Median Rent
$1,347
Affordability Snapshot
$152,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,535/mo PITI).

18%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.2x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

34.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 98248 in Ferndale city, WA, a household would need roughly $152,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,535. That is about 72% above the local median household income ($88,566), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
76.6%+17% vs US avg
x
Vacancy Rate
7.5%-27% vs US avg
x
Broadband Access
93.6%+8% vs US avg
x
4+ Bedrooms
5.0%-66% vs US avg
x
Built Pre-1939
1.3%-90% vs US avg
x
Built Post-2014
1.5%-79% vs US avg
x
Rent Burden >30%
28.2%-43% vs US avg
x
Mortgage-Free
34.0%-11% vs US avg
x
$550,300
Home Value
$1,347
Rent
1992
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached75.0%
  • 1-unit attached1.8%
  • 2-9 units6.5%
  • 10+ units8.0%
  • Mobile home & other8.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$550,300
Median rent$1,347
Owner-occupied76.6%
Vacant7.5%
Price-to-income6.2x
Est. income to buy$152,000