{
  "schema_version": "1.0",
  "submarket": {
    "slug": "ferndale-berkley-mi",
    "name": "Ferndale / Berkley",
    "state": "MI",
    "city": "BERKLEY",
    "cbsa": "Detroit-Warren-Dearborn",
    "zip_codes": [
      "48072",
      "48220"
    ]
  },
  "report": {
    "yearmonth": "202604",
    "month_label": "April 2026",
    "first_published_at": "2026-04-20T00:52:00.180Z",
    "last_updated_at": "2026-06-02T13:08:09.112Z"
  },
  "rents": {
    "apartment": {
      "1br": {
        "median": 1082,
        "low": 1039,
        "high": 1126,
        "mom_pct": -10.383548387096775,
        "yoy_pct": -9.76741935483871
      },
      "2br": {
        "median": 1590,
        "low": 1510,
        "high": 1669,
        "mom_pct": 1.608181818181818,
        "yoy_pct": 10.05
      },
      "3br": {
        "median": 1967,
        "low": 1942,
        "high": 2030,
        "mom_pct": 0.33499999999999996,
        "yoy_pct": 3.7750000000000004
      },
      "4br": {
        "median": 2117,
        "low": 2091,
        "high": 2185,
        "mom_pct": 0.47,
        "yoy_pct": 4.44
      }
    },
    "condo_townhome": {
      "1br": {
        "median": 1296,
        "low": 1267,
        "high": 1324,
        "mom_pct": -0.20800000000000002,
        "yoy_pct": 3.5150000000000006
      },
      "2br": {
        "median": 1604,
        "low": 1564,
        "high": 1644,
        "mom_pct": -4.248571428571429,
        "yoy_pct": -0.37571428571428556
      },
      "3br": {
        "median": 2144,
        "low": 2076,
        "high": 2213,
        "mom_pct": 0.8242857142857142,
        "yoy_pct": 3.937142857142857
      },
      "4br": {
        "median": 2320,
        "low": 2292,
        "high": 2394,
        "mom_pct": 0.7799999999999999,
        "yoy_pct": 4.18
      }
    },
    "single_family": {
      "1br": {
        "median": 1261,
        "low": 1243,
        "high": 1289,
        "mom_pct": 0.75,
        "yoy_pct": 5.2875
      },
      "2br": {
        "median": 1644,
        "low": 1562,
        "high": 1726,
        "mom_pct": 2.995,
        "yoy_pct": 9.1875
      },
      "3br": {
        "median": 1872,
        "low": 1784,
        "high": 1960,
        "mom_pct": -5.321851851851852,
        "yoy_pct": 3.3029629629629627
      },
      "4br": {
        "median": 2202,
        "low": 2131,
        "high": 2272,
        "mom_pct": -0.4633333333333334,
        "yoy_pct": 3.2866666666666666
      }
    }
  },
  "vacancy": 3.7743,
  "days_on_market": {
    "apartment": 30,
    "condo_townhome": 30,
    "single_family": 26
  },
  "ai_summary": [
    {
      "headline": "1BR apartment rents drop 10.4% MoM",
      "body": "In the Ferndale / Berkley (48072, 48220) rental market, 1-bedroom apartments experienced a major monthly decline, falling 10.4% to $1,082 in April 2026. The year-over-year change was also negative at -9.8%, indicating persistent softness for small apartment units within Ferndale / Berkley (48072, 48220)."
    },
    {
      "headline": "2BR condos down 4.2%, trail apartments",
      "body": "Compared to 2-bedroom apartments in Ferndale / Berkley (48072, 48220), 2-bedroom condos saw a $14 higher median rent at $1,604 but declined 4.2% month-over-month, while apartments rose 1.6%. This contrast highlights sharper recent losses for condo units in the area."
    },
    {
      "headline": "Single-family 2BR rents rise 9.2% YoY",
      "body": "Among key segments, Ferndale / Berkley (48072, 48220) rental trends show 2-bedroom single-family homes posting a 9.2% year-over-year increase, reaching $1,644. This performance exceeds the 0.4% annual decline seen for 2-bedroom condos, emphasizing relative strength for detached units."
    }
  ],
  "summary": {
    "canonical": [
      "As of April 2026, rental prices in Ferndale / Berkley, MI range from $1,082 to $2,320 per month depending on property type and bedroom count.",
      "The most notable year-over-year trend is a 10.05% increase in rent for 2BR apartments in Ferndale / Berkley, MI.",
      "For 2BR units, single-family homes rent for $1,644 while apartments rent for $1,590."
    ],
    "qa": [
      {
        "question": "What is the rent range for Ferndale / Berkley, MI in April 2026?",
        "answer": "Ferndale / Berkley, MI rents range from $1,082 for a 1BR apartment up to $2,320 for a 4BR condo/townhome in April 2026."
      },
      {
        "question": "Which property type and bedroom combination has the highest rent in Ferndale / Berkley, MI?",
        "answer": "The 4BR condo/townhome is the most expensive option, with a median rent of $2,320 per month as of April 2026."
      },
      {
        "question": "What is the lowest-priced rental segment in Ferndale / Berkley, MI based on the latest data?",
        "answer": "The lowest median rent is $1,082 for a 1BR apartment as reported in April 2026."
      },
      {
        "question": "Which segment in Ferndale / Berkley, MI experienced the largest annual rent decrease, and was it widespread or limited?",
        "answer": "The largest annual rent decrease is found in 1BR apartments with a -9.77% YoY change, and this decline is limited to the 1BR apartment segment."
      }
    ]
  },
  "history": [
    {
      "yearmonth": "202604",
      "month_label": "April 2026",
      "rents": {
        "apartment": {
          "1br": 1082,
          "2br": 1590,
          "3br": 1967,
          "4br": 2117
        },
        "condo_townhome": {
          "1br": 1296,
          "2br": 1604,
          "3br": 2144,
          "4br": 2320
        },
        "single_family": {
          "1br": 1261,
          "2br": 1644,
          "3br": 1872,
          "4br": 2202
        }
      }
    },
    {
      "yearmonth": "202603",
      "month_label": "March 2026",
      "rents": {
        "apartment": {
          "1br": 1202,
          "2br": 1565,
          "3br": 1962,
          "4br": 2107
        },
        "condo_townhome": {
          "1br": 1301,
          "2br": 1672,
          "3br": 2129,
          "4br": 2302
        },
        "single_family": {
          "1br": 1252,
          "2br": 1592,
          "3br": 1976,
          "4br": 2229
        }
      }
    },
    {
      "yearmonth": "202602",
      "month_label": "February 2026",
      "rents": {
        "apartment": {
          "1br": 1197,
          "2br": 1526,
          "3br": 1972,
          "4br": 2116
        },
        "condo_townhome": {
          "1br": 1285,
          "2br": 1676,
          "3br": 2132,
          "4br": 2305
        },
        "single_family": {
          "1br": 1251,
          "2br": 1577,
          "3br": 1904,
          "4br": 2264
        }
      }
    },
    {
      "yearmonth": "202601",
      "month_label": "January 2026",
      "rents": {
        "apartment": {
          "1br": 1257,
          "2br": 1558,
          "3br": 1986,
          "4br": 2131
        },
        "condo_townhome": {
          "1br": 1307,
          "2br": 1668,
          "3br": 2150,
          "4br": 2323
        },
        "single_family": {
          "1br": 1256,
          "2br": 1582,
          "3br": 1942,
          "4br": 2258
        }
      }
    },
    {
      "yearmonth": "202512",
      "month_label": "December 2025",
      "rents": {
        "apartment": {
          "1br": 1272,
          "2br": 1577,
          "3br": 2001,
          "4br": 2147
        },
        "condo_townhome": {
          "1br": 1313,
          "2br": 1697,
          "3br": 2169,
          "4br": 2344
        },
        "single_family": {
          "1br": 1265,
          "2br": 1613,
          "3br": 1972,
          "4br": 2281
        }
      }
    },
    {
      "yearmonth": "202511",
      "month_label": "November 2025",
      "rents": {
        "apartment": {
          "1br": 1295,
          "2br": 1577,
          "3br": 2014,
          "4br": 2158
        },
        "condo_townhome": {
          "1br": 1334,
          "2br": 1710,
          "3br": 2184,
          "4br": 2365
        },
        "single_family": {
          "1br": 1273,
          "2br": 1623,
          "3br": 1969,
          "4br": 2309
        }
      }
    },
    {
      "yearmonth": "202510",
      "month_label": "October 2025",
      "rents": {
        "apartment": {
          "1br": 1282,
          "2br": 1577,
          "3br": 2013,
          "4br": 2156
        },
        "condo_townhome": {
          "1br": 1344,
          "2br": 1714,
          "3br": 2193,
          "4br": 2375
        },
        "single_family": {
          "1br": 1276,
          "2br": 1591,
          "3br": 1940,
          "4br": 2337
        }
      }
    },
    {
      "yearmonth": "202509",
      "month_label": "September 2025",
      "rents": {
        "apartment": {
          "1br": 1287,
          "2br": 1567,
          "3br": 2009,
          "4br": 2144
        },
        "condo_townhome": {
          "1br": 1358,
          "2br": 1710,
          "3br": 2192,
          "4br": 2373
        },
        "single_family": {
          "1br": 1275,
          "2br": 1585,
          "3br": 1977,
          "4br": 2342
        }
      }
    },
    {
      "yearmonth": "202508",
      "month_label": "August 2025",
      "rents": {
        "apartment": {
          "1br": 1242,
          "2br": 1554,
          "3br": 2000,
          "4br": 2126
        },
        "condo_townhome": {
          "1br": 1332,
          "2br": 1695,
          "3br": 2190,
          "4br": 2362
        },
        "single_family": {
          "1br": 1270,
          "2br": 1599,
          "3br": 1970,
          "4br": 2299
        }
      }
    },
    {
      "yearmonth": "202507",
      "month_label": "July 2025",
      "rents": {
        "apartment": {
          "1br": 1236,
          "2br": 1557,
          "3br": 1984,
          "4br": 2102
        },
        "condo_townhome": {
          "1br": 1336,
          "2br": 1675,
          "3br": 2173,
          "4br": 2340
        },
        "single_family": {
          "1br": 1256,
          "2br": 1591,
          "3br": 1957,
          "4br": 2291
        }
      }
    },
    {
      "yearmonth": "202506",
      "month_label": "June 2025",
      "rents": {
        "apartment": {
          "1br": 1239,
          "2br": 1536,
          "3br": 1952,
          "4br": 2077
        },
        "condo_townhome": {
          "1br": 1314,
          "2br": 1662,
          "3br": 2142,
          "4br": 2307
        },
        "single_family": {
          "1br": 1239,
          "2br": 1564,
          "3br": 1903,
          "4br": 2270
        }
      }
    },
    {
      "yearmonth": "202505",
      "month_label": "May 2025",
      "rents": {
        "apartment": {
          "1br": 1229,
          "2br": 1512,
          "3br": 1921,
          "4br": 2049
        },
        "condo_townhome": {
          "1br": 1294,
          "2br": 1626,
          "3br": 2101,
          "4br": 2264
        },
        "single_family": {
          "1br": 1216,
          "2br": 1531,
          "3br": 1876,
          "4br": 2221
        }
      }
    }
  ],
  "links": {
    "data_page": "https://data.estaite.com/submarkets/ferndale-berkley-mi/",
    "self": "https://data.estaite.com/feeds/ferndale-berkley-mi.json"
  },
  "license": "CC BY 4.0",
  "license_url": "https://creativecommons.org/licenses/by/4.0/",
  "attribution": "Data provided by Estaite (https://estaite.com)"
}