Affordable Housing In Ferndale
Oakland County, Michigan


Waiting List Openings In Ferndale

Waiting ListStatus
Michigan State Housing Development Authority Housing Choice Voucher Open Now

4 Low Income Apartment Communities In Ferndale

Autumn House Elderly Apartments

415 Withington St
Ferndale, MI
Income Based
1 BR

Devon Square

1225 Orchard Street
Ferndale, MI
Income Based
1-2 BR
Subsidized

Royal Oak Towers

20800 Wyoming St
Ferndale, MI
HCV Welcome

20832 Wyoming St

20832 Wyoming St
Ferndale, MI
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Housing Authorities that serve Ferndale

Housing Authority Programs
Royal Oak Township Housing Commission Public Housing
Ferndale Housing Commission Section 8 Housing Choice Voucher (HCV); Public Housing
Detroit Housing Commission Section 8 Housing Choice Voucher (HCV); Public Housing
Michigan State Housing Development Authority Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-sufficiency; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Voucher (PBV)
Plymouth Housing Commission Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-sufficiency; Rental Assistance Demonstration (RAD); Family Unification Program (FUP)

Guide To Affordable Housing in Ferndale, Michigan

There are 4 low income housing apartment communities offering 456 affordable apartments for rent in Ferndale, Michigan. Ferndale features 256 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 200 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Ferndale.

Sourced from federal housing data and AffordableHousingOnline.com research.

Ferndale, MI Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 456
Total Housing Units with Rental Assistance 256
Percentage of Housing Units Occupied By Renters 40.27%
Average Renter Household Size 2.13
Average Household Size 2.12
Median Household Income $51,312 ±$2,405
Median Rent $883 ±$40
Percentage Of Renters Overburdened 42.21% ± 7.08pp
Total Population 20,160

Population and Household Demographics

Ferndale is a City in Oakland County, Michigan with a population of 20,160. There are 9,479 households in the city with an average household size of 2.12 persons. 40.27% of households in Ferndale are renters.

Income and Rent Overburden in Ferndale

The median gross income for households in Ferndale is $51,312 a year, or $4,276 a month. The median rent for the city is $883 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Ferndale, a household making less than $2,943 a month would be considered overburdened when renting an apartment at or above the median rent. 42.21% of households who rent are overburdened in Ferndale.1

Area Median Income In Ferndale

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Ferndale, the AMI is calculated from all households within Oakland County.

In Ferndale, HUD calculates the Area Median Income for a family of four as $76,300

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Ferndale

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Ferndale HUD Rental Assistance in Ferndale

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,050 $18,350 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,750 $30,550 $34,350 $38,150 $41,250 $44,300 $47,350 $50,400
80% of Median $42,750 $48,850 $54,950 $61,050 $65,950 $70,850 $75,750 $80,600
Low Income Housing Tax Credits in Ferndale

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 2003 to 2010, 2 low income apartment communities containing 258 rental apartments have been constructed and made affordable to low income persons in Ferndale by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Ferndale

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $26,750 $30,550 $34,350 $38,150 $41,250 $44,300 $47,350 $50,400
60% of Median $32,100 $36,660 $41,220 $45,780 $49,500 $53,160 $56,820 $60,480

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Ferndale is $41,220 a year, or $3,435 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,435 by 30% to get a maximum rent of $1,031 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $669 $716 $859 $993 $1,108 $1,222
60% $803 $860 $1,031 $1,191 $1,329 $1,466
Fair Market Rents in Ferndale

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$639 $764 $977 $1,266 $1,376