The Ferndale housing market has experienced intense demand and rapid growth over the last decade. Because it traditionally offered more affordable housing compared to neighboring Bellingham, it became highly attractive to first-time homebuyers and young families.
The market consists predominantly of single-family homes, ranging from historic early-20th-century houses near the downtown core to large, newly constructed subdivisions on the city’s western and northern hills (e.g., Malloy Terrace).
In recent years, to accommodate population growth and affordability concerns, there has been an increase in multi-family housing developments, including apartment complexes and townhomes. Average home prices and rental costs have risen steadily, reflecting the broader housing trends of the Pacific Northwest and Western Washington.
