{
  "schema_version": "1.0",
  "submarket": {
    "slug": "ferndale-mi",
    "name": "Ferndale",
    "state": "MI",
    "city": "FERNDALE",
    "cbsa": "Detroit-Warren-Dearborn",
    "zip_codes": [
      "48220"
    ]
  },
  "report": {
    "yearmonth": "202604",
    "month_label": "April 2026",
    "first_published_at": "2026-04-20T00:52:56.257Z",
    "last_updated_at": "2026-06-02T13:42:16.784Z"
  },
  "rents": {
    "apartment": {
      "1br": {
        "median": 1021,
        "low": 980,
        "high": 1062,
        "mom_pct": -13.520000000000001,
        "yoy_pct": -12.520000000000001
      },
      "2br": {
        "median": 1585,
        "low": 1506,
        "high": 1664,
        "mom_pct": 1.45,
        "yoy_pct": 11.130000000000003
      },
      "3br": {
        "median": 1970,
        "low": 1942,
        "high": 2033,
        "mom_pct": 0.31,
        "yoy_pct": 3.85
      },
      "4br": {
        "median": 2117,
        "low": 2091,
        "high": 2185,
        "mom_pct": 0.47,
        "yoy_pct": 4.44
      }
    },
    "condo_townhome": {
      "1br": {
        "median": 1286,
        "low": 1258,
        "high": 1314,
        "mom_pct": -0.46,
        "yoy_pct": 5.15
      },
      "2br": {
        "median": 1522,
        "low": 1473,
        "high": 1570,
        "mom_pct": -8.05,
        "yoy_pct": -3.38
      },
      "3br": {
        "median": 2135,
        "low": 2067,
        "high": 2203,
        "mom_pct": 0.85,
        "yoy_pct": 4.04
      },
      "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": 0.72,
        "yoy_pct": 5.52
      },
      "2br": {
        "median": 1619,
        "low": 1538,
        "high": 1700,
        "mom_pct": 2.22,
        "yoy_pct": 9.07
      },
      "3br": {
        "median": 1848,
        "low": 1761,
        "high": 1935,
        "mom_pct": -5.62,
        "yoy_pct": 5.18
      },
      "4br": {
        "median": 2122,
        "low": 2069,
        "high": 2175,
        "mom_pct": -1.53,
        "yoy_pct": 2.56
      }
    }
  },
  "vacancy": 3.7743,
  "days_on_market": {
    "apartment": 30,
    "condo_townhome": 30,
    "single_family": 26
  },
  "ai_summary": [
    {
      "headline": "1BR apartments fall 13.5% MoM to $1,021",
      "body": "In the Ferndale (48220) rental market, 1-bedroom apartments experienced a steep decline, dropping 13.52% month-over-month to a median rent of $1,021 in April 2026. The year-over-year drop was also notable at -12.52%, representing the sharpest contraction among all segments analyzed."
    },
    {
      "headline": "2BR single-family leads at $1,619, up 2.2% MoM",
      "body": "Across Ferndale (48220), 2-bedroom single-family homes posted a 2.22% month-over-month gain, reaching $1,619. This segment leads the 2-bedroom category, as condos/townhomes dropped 8.05% to $1,522 and apartments rose 1.45% to $1,585 over the same period."
    },
    {
      "headline": "3BR condo rents rise 4.0% YoY to $2,135",
      "body": "Looking at annual changes, Ferndale (48220) rental trends indicate that 3-bedroom condo/townhome units climbed 4.04% year-over-year to a median rent of $2,135. This puts them ahead of apartments at $1,970, which rose 3.85% YoY, while single-family homes hit $1,848 with a 5.18% YoY increase."
    }
  ],
  "summary": {
    "canonical": [
      "As of April 2026, rental prices in Ferndale, MI range from $1,021 to $2,320 per month depending on property type and bedroom count.",
      "The largest year-over-year change occurred in 1BR apartments, which declined 12.52%.",
      "For 2BR units, single-family homes have a median rent of $1,619, compared to $1,522 for condos/townhomes."
    ],
    "qa": [
      {
        "question": "What is the typical rent range in Ferndale, MI for April 2026?",
        "answer": "In April 2026, median rents in Ferndale, MI span from $1,021 for 1BR apartments up to $2,320 for 4BR condos/townhomes."
      },
      {
        "question": "Are there any segments in Ferndale, MI with unusual rent changes in April 2026?",
        "answer": "1BR apartments in Ferndale, MI had an unusually sharp month-over-month drop of -13.52%, with rents falling to $1,021."
      },
      {
        "question": "Which rental segment saw the sharpest month-over-month change in Ferndale, MI for April 2026?",
        "answer": "1BR apartments saw the biggest month-over-month movement, declining 13.52% from the previous month."
      },
      {
        "question": "What is the rent premium between condos/townhomes and single-family homes for 3BR rentals in Ferndale, MI?",
        "answer": "In April 2026, 3BR condos/townhomes rent for $2,135 while 3BR single-family homes rent for $1,848, showing a premium of $287 for condos/townhomes."
      }
    ]
  },
  "history": [
    {
      "yearmonth": "202604",
      "month_label": "April 2026",
      "rents": {
        "apartment": {
          "1br": 1021,
          "2br": 1585,
          "3br": 1970,
          "4br": 2117
        },
        "condo_townhome": {
          "1br": 1286,
          "2br": 1522,
          "3br": 2135,
          "4br": 2320
        },
        "single_family": {
          "1br": 1261,
          "2br": 1619,
          "3br": 1848,
          "4br": 2122
        }
      }
    },
    {
      "yearmonth": "202603",
      "month_label": "March 2026",
      "rents": {
        "apartment": {
          "1br": 1180,
          "2br": 1562,
          "3br": 1964,
          "4br": 2107
        },
        "condo_townhome": {
          "1br": 1292,
          "2br": 1655,
          "3br": 2117,
          "4br": 2302
        },
        "single_family": {
          "1br": 1252,
          "2br": 1583,
          "3br": 1958,
          "4br": 2155
        }
      }
    },
    {
      "yearmonth": "202602",
      "month_label": "February 2026",
      "rents": {
        "apartment": {
          "1br": 1166,
          "2br": 1505,
          "3br": 1975,
          "4br": 2115
        },
        "condo_townhome": {
          "1br": 1261,
          "2br": 1663,
          "3br": 2121,
          "4br": 2305
        },
        "single_family": {
          "1br": 1251,
          "2br": 1520,
          "3br": 1831,
          "4br": 2198
        }
      }
    },
    {
      "yearmonth": "202601",
      "month_label": "January 2026",
      "rents": {
        "apartment": {
          "1br": 1203,
          "2br": 1525,
          "3br": 1990,
          "4br": 2131
        },
        "condo_townhome": {
          "1br": 1271,
          "2br": 1636,
          "3br": 2141,
          "4br": 2323
        },
        "single_family": {
          "1br": 1255,
          "2br": 1543,
          "3br": 1871,
          "4br": 2165
        }
      }
    },
    {
      "yearmonth": "202512",
      "month_label": "December 2025",
      "rents": {
        "apartment": {
          "1br": 1199,
          "2br": 1545,
          "3br": 2003,
          "4br": 2147
        },
        "condo_townhome": {
          "1br": 1277,
          "2br": 1664,
          "3br": 2160,
          "4br": 2344
        },
        "single_family": {
          "1br": 1264,
          "2br": 1567,
          "3br": 1870,
          "4br": 2191
        }
      }
    },
    {
      "yearmonth": "202511",
      "month_label": "November 2025",
      "rents": {
        "apartment": {
          "1br": 1222,
          "2br": 1552,
          "3br": 2016,
          "4br": 2157
        },
        "condo_townhome": {
          "1br": 1295,
          "2br": 1679,
          "3br": 2168,
          "4br": 2365
        },
        "single_family": {
          "1br": 1272,
          "2br": 1573,
          "3br": 1858,
          "4br": 2224
        }
      }
    },
    {
      "yearmonth": "202510",
      "month_label": "October 2025",
      "rents": {
        "apartment": {
          "1br": 1233,
          "2br": 1546,
          "3br": 2015,
          "4br": 2155
        },
        "condo_townhome": {
          "1br": 1297,
          "2br": 1683,
          "3br": 2175,
          "4br": 2375
        },
        "single_family": {
          "1br": 1275,
          "2br": 1538,
          "3br": 1834,
          "4br": 2296
        }
      }
    },
    {
      "yearmonth": "202509",
      "month_label": "September 2025",
      "rents": {
        "apartment": {
          "1br": 1226,
          "2br": 1536,
          "3br": 2015,
          "4br": 2144
        },
        "condo_townhome": {
          "1br": 1298,
          "2br": 1678,
          "3br": 2174,
          "4br": 2373
        },
        "single_family": {
          "1br": 1274,
          "2br": 1531,
          "3br": 1888,
          "4br": 2286
        }
      }
    },
    {
      "yearmonth": "202508",
      "month_label": "August 2025",
      "rents": {
        "apartment": {
          "1br": 1184,
          "2br": 1521,
          "3br": 2007,
          "4br": 2126
        },
        "condo_townhome": {
          "1br": 1281,
          "2br": 1652,
          "3br": 2178,
          "4br": 2362
        },
        "single_family": {
          "1br": 1271,
          "2br": 1566,
          "3br": 1878,
          "4br": 2208
        }
      }
    },
    {
      "yearmonth": "202507",
      "month_label": "July 2025",
      "rents": {
        "apartment": {
          "1br": 1182,
          "2br": 1542,
          "3br": 1991,
          "4br": 2102
        },
        "condo_townhome": {
          "1br": 1272,
          "2br": 1642,
          "3br": 2160,
          "4br": 2340
        },
        "single_family": {
          "1br": 1260,
          "2br": 1552,
          "3br": 1889,
          "4br": 2186
        }
      }
    },
    {
      "yearmonth": "202506",
      "month_label": "June 2025",
      "rents": {
        "apartment": {
          "1br": 1191,
          "2br": 1507,
          "3br": 1953,
          "4br": 2077
        },
        "condo_townhome": {
          "1br": 1258,
          "2br": 1621,
          "3br": 2128,
          "4br": 2307
        },
        "single_family": {
          "1br": 1244,
          "2br": 1532,
          "3br": 1826,
          "4br": 2191
        }
      }
    },
    {
      "yearmonth": "202505",
      "month_label": "May 2025",
      "rents": {
        "apartment": {
          "1br": 1162,
          "2br": 1475,
          "3br": 1922,
          "4br": 2049
        },
        "condo_townhome": {
          "1br": 1239,
          "2br": 1593,
          "3br": 2088,
          "4br": 2264
        },
        "single_family": {
          "1br": 1217,
          "2br": 1496,
          "3br": 1811,
          "4br": 2152
        }
      }
    }
  ],
  "links": {
    "data_page": "https://data.estaite.com/submarkets/ferndale-mi/",
    "self": "https://data.estaite.com/feeds/ferndale-mi.json"
  },
  "license": "CC BY 4.0",
  "license_url": "https://creativecommons.org/licenses/by/4.0/",
  "attribution": "Data provided by Estaite (https://estaite.com)"
}