Quick facts: Ferndale, WA

Quick Facts

115.1
Cost of Living
above US average
15,840
Population
29.67
Crime Rate per 1000
above US average
$82,466
Median Income
above US average
$600,000
Median House Price
above US average
$2220.83
Average Rent
above US average
6%
Poverty Rate
below US average
4.2%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $82,466.

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Income Needed to Buy

βœ— Stretch
$188k/year
Based on $600,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $188k vs median $82,466
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Income Needed to Rent

⚠ Stretch
$95k/year
Based on $2220.83/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $95k vs median $82,466
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Ferndale, WA

Ferndale is a charming city located in Whatcom County, Washington, about 10 miles northeast of Bellingham and just a few miles from the Canadian border. With a population of around 13,000, it offers a blend of suburban comforts and small-town charm. The city is known for its family-friendly atmosphere, parks, and community events. Ferndale has a rich history, initially founded as a farming community, and retains much of its historic character. The downtown area features quaint shops, restaurants, and local businesses, making it a pleasant place to explore. Outdoor enthusiasts will appreciate the nearby Bellingham Bay and the scenic beauty of the surrounding landscapes, including the Nooksack River and Mount Baker. The community hosts several annual events, including the Ferndale Street Festival, which showcases local talent and brings residents together. The city's commitment to maintaining green spaces and promoting local art makes it an attractive location for families and professionals seeking a balanced lifestyle. With its proximity to both natural attractions and urban conveniences, Ferndale serves as a delightful gateway to the Pacific Northwest.

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