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What is the homeownership rate in Farmington Hills MI?
What is the average price of a home in Farmington?
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What is the median household income in Farmington Hills MI?
The homeownership rate in Farmington Hills, MI is 64.3%, which is approximately the same as the national average of 64.8%. People in Farmington Hills, MI have an average commute time of 25 minutes, and they drove alone to work.
The Farmington Hills housing market is very competitive. Homes in Farmington Hills receive 4 offers on average and sell in around 10 days. The median sale price of a home in Farmington Hills was $363K last month, up 5.2% since last year.
The average Farmington Hills, MI home value is $369,957, up 5.0% over the past year and goes to pending in around 8 days.
Comprehensive reports cover exclusive real estate trends & forecasts, crime data, real estate investment index, demographic trends, job access, school ratings.
Jul 1, 2022 · Farmington Hills city, Michigan. QuickFacts provides statistics for all states and counties, and for cities and towns with a population of 5,000 or more.
- (800) 923-8282
- 2,524.5
- 2,396.0
- 79,740
There are 133 homes for sale in Farmington Hills, Oakland County with a median price of $345,472, which is a decrease of 1.3% since last year. See more real estate market trends for Farmington Hills.
In the latest quarter, Farmington Hills's appreciation rate has been 2.20%, which annualizes to a rate of 9.08%. Relative to Michigan, our data show that Farmington Hills's latest annual appreciation rate is lower than 70% of the other cities and towns in Michigan.
