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Farmington Hills, MI
Full City Profile · Michigan · Oakland County County
3.9
/5.0
B+
Good
83,316
Population
2,504/sq mi density
$101,863
Median Income
$55,459 per capita
$333,200
Home Value
$378,259 Zillow
$1,475
Median Rent
25.5% income on rent
51°F
Avg Temperature
250 sunny days/yr
107
Violent Crime/100K
934 property/100K
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.8 / 5.0
$101,863 median income, 3.3% unemployment
A+
Affordability
4.8 / 5.0
$333,200 home value, $1,475/mo rent
F
Safety
1.0 / 5.0
107 violent crimes/100K
A+
Education
5.0 / 5.0
58.0% bachelor's degree or higher
Housing Overview
Median Home Value
$333,200
18% above
US avg: $281,900
Median Rent
$1,475/mo
27% above
US avg: $1,163/mo
Homeownership Rate
64.0%
2% below US avg (65.4%)
Total Housing Units
37,287
Median year built: 1979
Home Value by Source
Census Median
$333,200
Zillow (ZHVI)
$378,259
Median Sale Price
$361,500
Median List Price
$372,450
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
64.0%
Owner-Occupied
36.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$1,475/mo
· Zillow rent:
$1,427/mo
Market Indicators (Redfin)
Median Days on Market
38 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
32
Price Drops
18.4%
of listings with price reduction
Price Per Sq Ft
$186
Active Inventory
114
homes for sale
Affordability & Housing Stock
Rent Burden
25.5%
of renters spending 30%+ of income on housing
18% below US avg (31.0%)
Median Year Built
1979
Average age of housing stock: 47 years
Homeownership Rate
64.0%
Complete Housing Data
Home Values
| Census Median Value | $333,200 |
| Zillow Home Value (ZHVI) | $378,259 |
| Median Sale Price | $361,500 |
| Median List Price | $372,450 |
| Price Per Sq Ft | $186 |
Rent
| Census Median Rent | $1,475 |
| Zillow Rent (ZORI) | $1,427 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
| Days on Market | 38 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 18.4% |
| Homes Sold | 32 |
| Active Inventory | 114 |
| Price Per Sq Ft | $186 |
Ownership & Stock
| Owner-Occupied | 64.0% |
| Renter-Occupied | 36.0% |
| Homeownership Rate | 64.0% |
| Total Housing Units | 37,287 |
| Median Year Built | 1979 |
| Rent Burden | 25.5% |