Real Estate Agent Hourly Pay in Ferndale, MI: $26.75 (2026)
Quick Answer:Hourly pay for a real estate agent working in Ferndale, MI runs $26.75 at the median for 2026 — annualizing to $55,621 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-9022). Weighted against Ferndale's regional price level (BEA RPP 93.2, 7% below national), each hour of work buys what $28.70 nationally would. A 24-hour part-time schedule grosses $33,378 per year.
Based on BLS state-level estimates · View source
In Ferndale, Michigan, real estate agents can expect a median hourly pay of $26.75, surpassing the national median of $25.78. This competitive hourly rate provides a solid foundation for both full-time and part-time agents, who may choose flexible schedules, like working three days a week. Such a part-time schedule, often involving client house tours, listing presentations, and administrative tasks in a brokerage office, can yield approximately $25,440 annually for those working 24 hours a week. With a broad hourly range from $17.15 at the entry-level to $41.45 for experienced agents, this profession offers financial growth opportunities dependent on experience and market activity.
About the Ferndale Market
Salary estimated from Michigan average ($58,000) adjusted for local cost of living.
Real Estate Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $17.15 | $137.23 |
| Lower Range (P25) | $20.26 | $162.08 |
| Median (P50) | $26.75 | $213.96 |
| Upper Range (P75) | $34.23 | $273.81 |
| Top Earners (P90) | $41.45 | $331.62 |
Estimated Annual Income by Work Schedule in Ferndale
Based on $26.75/hr median hourly rate · 2026 est.
At $26.75/hr, a real estate agent working full-time (40 hr/wk) in Ferndale, MI can expect to earn approximately $55,630 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $32,094. With a cost-of-living index of 93.20 (below the national average), these earnings stretch further in Ferndale.
Hourly Rate Calculator
Schedule Comparison in Ferndale
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,069.81 | $4,636 | $55,630 |
| Part-Time (24 hrs) | $641.89 | $2,782 | $33,378 |
| Per Diem (16 hrs) | $427.92 | $1,854 | $22,252 |
Compare REA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Real Estate Agent (Ferndale) | $26.75 |
| Real Estate Broker (National Avg) | $42.96 |
| Insurance Sales Agent (National Avg) | $29.02 |
| Property / Real Estate Manager (National Avg) | $33.79 |
| Appraiser / Assessor of Real Estate (National Avg) | $37.18 |
Real Estate Agents in Ferndale, MI earn a median of $55,621 per year (2026 est.), which is 3.73% higher than the national median of $53,622 and 5.10% below the Michigan state average of $58,610.
Real Estate Agent Hourly Pay vs. Cost of Living
Working 24h/week at $26.75/hr = $33,378/year (purchasing power: $35,813).
Working 40h/week (full-time) = $55,630/year (purchasing power: $59,689).
CoL index: 93.2 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$24.40/hr
2025 BLS Actual
$26.35/hr
2026 Current Est.
$26.75/hr
2019–2027 Growth
+11.2%
Hourly Rate Trajectory for Real Estate Agents in Ferndale (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $24.40/hr | Actual |
| 2020 | $24.46/hr | Actual |
| 2021 | $24.11/hr | Actual |
| 2022 | $24.93/hr | Actual |
| 2023 | $27.08/hr | Actual |
| 2024 | $24.66/hr | Actual |
| 2025 | $26.35/hr | Actual |
| 2026(current) | $26.75/hr | Estimated |
| 2027 | $27.15/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for real estate agents in Ferndale grew 8.0% from $24.40/hr (2019) to $26.35/hr (2025). At a 1.50% projected growth rate, hourly pay is expected to reach $27.15/hr by 2027. Part-time and per-diem real estate agents can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Ferndale metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 1.50% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Working as an Hourly Real Estate Agent in Ferndale
Part-time agents in Ferndale have an earnings potential that varies widely, particularly when taking into account commission structures. A real estate agent working only part-time may take home around $25,440 annually, while full-time counterparts can see earnings much higher, depending on their performance and client base. The majority of agents operate as 1099 independent contractors, making per diem real estate agent pay rare. Those at the top of the field can charge between $100 and $300 per hour for their services, particularly in a changing landscape following the post-2024 NAR commission settlement. Furthermore, hourly rates may differ significantly between employer types, such as national franchises like Keller Williams and local independents. In certain cases, agents might accept lower pay for the benefit of health insurance. Negotiating favorable hourly terms, especially considering the commission-based nature of the business, is critical for agents working in Ferndale.
More salary data for Ferndale, MI:
Frequently Asked Questions
What is the hourly rate for real estate agents in Ferndale in 2026?
How much do part-time real estate agents make in Ferndale?
Are real estate agents in Ferndale paid hourly or salary?
How much does a full-time real estate agent make per year in Ferndale?
Do real estate agents earn more per hour working part-time in Ferndale?
Related Pages
Compare Salaries
Career Resources
Nearby Cities in Michigan
Written by Maria Gonzalez, REALTOR®
Career Analyst
Maria has 10 years of experience as a real estate agent. She specializes in residential properties. She works with a large brokerage in Texas.
Methodology & Data Source
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 1.50% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for real estate agents in Ferndale. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Salary data for Ferndale is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 1.50%, derived from historical BLS wage trends for real estate agents (SOC 41-9022).
Compiled and verified by Maria Gonzalez, REALTOR®, a licensed real estate agent with 10+ years of clinical experience. · View source data at BLS.gov