Zip 48334 (Farmington Hills, MI) Housing

The housing in 48334 Farmington Hills, MI is more affordable than the US median home value of $338,100. The housing median value in 48334 Farmington Hills, MI is $311,600 and has experienced a slight appreciation of 8.00% in the last year. This indicates that the real estate market in this area is healthy and stable with prices staying around or slightly increasing over the last year. Investing in Real Estate in this market could be a wise investment decision due to potential future appreciation.

The median home cost in Farmington Hills (zip 48334) is $311,600. Home appreciation the last 10 years has been 110.3%. Home Appreciation in Farmington Hills (zip 48334) is up 11.2%.

Average Age of Homes

- The median age of Farmington Hills (zip 48334) real estate is 47 years old

The Rental Market in Farmington Hills (zip 48334)

- Renters make up 35.4% of the Farmington Hills (zip 48334) population
- 1.9% of houses and apartments in Farmington Hills (zip 48334), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Farmington Hills, Michigan	United States
	8,469.0	139,647,020.0
	50	42
	$311,600	$338,100
	11.2%	16.6%
	45.5%	57.0%
	110.3%	101.1%
	$16.99	$10.98
	$4,448	$2,690
	60.3%	57.4%
	5.2%	11.2%
	34.5%	31.4%
Vacant Housing
	1.9%	1.9%
	0.4%	0.4%
	0.5%	0.7%
	0.1%	0.4%
	1.5%	3.6%
	0.9%	4.1%
Value of Owner-Occupied Housing
	0.5%	2.6%
	0.7%	2.4%
	0.5%	2.8%
	2.4%	3.9%
	2.4%	4.5%
	9.2%	11.3%
	10.8%	13.0%
	38.1%	20.1%
	23.7%	13.6%
	7.9%	8.3%
	2.4%	9.7%
	0.5%	3.9%
	0.3%	2.2%
	0.5%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.2%	13.6%
	3.2%	13.6%
	6.8%	13.6%
	15.4%	13.2%
	25.8%	14.8%
	6.8%	13.6%
	20.2%	10.0%
	2.3%	4.7%
	2.4%	12.2%

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