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What income do you need to buy in Fern Rock?
About $64,000 a year to buy the typical Fern Rock home, which sells for about $178,000.
- Typical sale price
- $178,000Median of 30 sales in the past 12 months
- Income needed
- $64,000A year, before taxes
- Cash needed up front
- $25,00010% down, transfer tax and closing costs
Assumes 10% down, no other debts, credit of 700–759, and a 7.49% 30-year rate (the 7.24% weekly average plus 0.25 points for good credit). These are estimates, not a loan offer.
What it costs each month
| Principal and interest | $1,119 |
|---|---|
| Property tax | $211 |
| Insurance | $74 |
| Mortgage insurance | $67 |
| Total a month | $1,471 |
Claiming the Homestead Exemption could lower the property tax by about $117 a month. The total above does not include that saving.
How prices have moved
Up 18.7% from the year before, comparing the median sale price of the last 12 months with the 12 months before.
| Quarter | Median sale price | Sales |
|---|---|---|
| Q1 2025 | Few sales | 4 |
| Q2 2025 | $255,000 | 7 |
| Q3 2025 | Few sales | 3 |
| Q4 2025 | $160,000 | 11 |
| Q1 2026 | $220,000 | 6 |
| Q2 2026 | $147,750 | 8 |
| Q3 2026 | $166,000 | 6 |
Quarters with fewer than 5 sales are left out, because a median of so few sales is unreliable.
Quarters with no recorded sales are left blank.
Tell us four things
Nearby neighborhoods
Cheaper nearby
Pricier nearby
- East Oak Lane $267,000
- Melrose Park Gardens $220,000
- West Oak Lane $209,000
Questions about buying in Fern Rock
What income do you need to buy a home in Fern Rock?
About $64,000 a year for the typical Fern Rock price of $178,000, keeping the housing payment to 28% of gross income. Assumes 10% down, no other debts, credit of 700–759, and a 7.49% 30-year rate (the 7.24% weekly average plus 0.25 points for good credit).
How much cash do you need to buy in Fern Rock?
About $25,000 up front at the typical price: 10% down ($18,000), your share of the transfer tax ($4,074) and closing costs ($3,560).
What does a typical home in Fern Rock cost per month?
A typical Fern Rock home costs about $1,471 a month all in: principal and interest $1,119, property tax $211, insurance $74, mortgage insurance $67. Claiming the Homestead Exemption could lower the tax by about $117 a month.
Based on 30 sales, as of 2026-10-29. Mortgage rate 7.24% (Freddie Mac, week of 2026-10-29). Estimates only, not financial advice. Talk to a lender.