Ferndale, MI
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Ferndale short-term rental market based on reliable data.
Listings
155 / 346
Reliable / Active
Cap Rate
12%
Middle-Earners Gross Yield
Revenue
$28,511
Middle-Earners Revenue
Occupancy
66%
Middle-Earners Occupancy
Home Value
$243,387
Median Home Sale Price
Top Earners
$42,991
Top-Earners Revenue
Ferndale
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Ferndale.
Loading top listings...
Generally Investor friendly
Ferndale Regulations
Ferndale explicitly permits STRs citywide and provides a clear, annual licensing process with defined timelines (60‑day review), modest occupancy caps, and tiered fees, indicating a supportive municipal stance. Investor risk is moderate due to a 5% density cap for non‑principal STRs in residential districts and standard compliance obligations (inspections, postings, records), but rules are straightforward and manageable.
Local STR Agent
STR specialist · Ferndale, MI
About Ferndale
Ferndale is a city in Oakland County in the U.S. state of Michigan. An inner-ring suburb of Detroit on the Woodward Corridor, Ferndale borders Detroit to the north, roughly 10 miles (16.1 km) northwest of downtown Detroit. As of the 2020 census, the city had a population of 19,190.Ferndale is well-known for its downtown, as well as its position as the hub of the LGBTQ+ community in Metro Detroit, and a center of progressive politics.