Zip 48335 (Farmington Hills, MI) Housing

Farmington Hills, MI is an excellent place to invest in real estate. The median value of housing in the area is $354,700, which is slightly higher than the US House Median Value of $338,100. Additionally, the one year house appreciation rate for Farmington Hills is 8.00%, which is just slightly lower than the national average of 8.27%. With a strong housing market and attractive prices, Farmington Hills offers good value for people looking to invest in real estate.

The median home cost in Farmington Hills (zip 48335) is $354,700. Home appreciation the last 10 years has been 110.3%. Home Appreciation in Farmington Hills (zip 48335) is up 11.2%.

Average Age of Homes

- The median age of Farmington Hills (zip 48335) real estate is 37 years old

The Rental Market in Farmington Hills (zip 48335)

- Renters make up 54.5% of the Farmington Hills (zip 48335) population
- 3.7% of houses and apartments in Farmington Hills (zip 48335), 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
	11,637.0	139,647,020.0
	39	42
	$354,700	$338,100
	11.2%	16.6%
	45.5%	57.0%
	110.3%	101.1%
	$14.33	$10.98
	$5,634	$2,690
	41.4%	57.4%
	5.2%	11.2%
	53.4%	31.4%
Vacant Housing
	3.7%	1.9%
	0.2%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	1.3%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.6%	2.4%
	3.2%	2.8%
	2.8%	3.9%
	0.4%	4.5%
	6.2%	11.3%
	4.9%	13.0%
	27.6%	20.1%
	36.0%	13.6%
	14.6%	8.3%
	2.9%	9.7%
	0.2%	3.9%
	0.4%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.9%	13.6%
	2.9%	13.6%
	24.2%	13.6%
	29.2%	13.2%
	21.5%	14.8%
	24.2%	13.6%
	6.7%	10.0%
	1.0%	4.7%
	2.2%	12.2%

Reviews for Farmington Hills

See all (0)

Write a Review

Start Your Review of Farmington Hills

Commute

The premier source for comprehensive city data for over 30 years.