Bingham Farms, MI is a desirable place to live and one of the most expensive cities in Michigan. The median value of housing in Bingham Farms is $536,200, which is significantly higher than the U.S. median value of $338,100. Over the past year, it has seen an appreciation rate of 7.58%, slightly lower than the national average of 8.27%. Despite this, it remains one of the most sought-after areas to live due to its beautiful homes and excellent school district.
The median home cost in Bingham Farms is $536,200. Home appreciation the last 10 years has been 116.4%. Home Appreciation in Bingham Farms is up 10.8%.
Average Age of Homes
- The median age of Bingham Farms real estate is 34 years old
The Rental Market in Bingham Farms
- Renters make up 10.5% of the Bingham Farms population
- 2.0% of houses and apartments in Bingham Farms, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.