Zip 48336 (Farmington Hills, MI) Housing

The housing market in Farmington Hills, MI (48336) is slightly lower than the overall US median value of housing, sitting at $248,200. However, the appreciation rate for this area is still on par with the national average, at 8.00%. This shows that even though the median value may be lower than the national average, the potential for investment in this area is still quite high. The steady appreciation rate is a good indicator of a stable and profitable real estate market in Farmington Hills, MI.

The median home cost in Farmington Hills (zip 48336) is $248,200. Home appreciation the last 10 years has been 110.3%. Home Appreciation in Farmington Hills (zip 48336) is up 11.2%.

Average Age of Homes

- The median age of Farmington Hills (zip 48336) real estate is 51 years old

The Rental Market in Farmington Hills (zip 48336)

- Renters make up 29.3% of the Farmington Hills (zip 48336) population
- 2.0% of houses and apartments in Farmington Hills (zip 48336), 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
	12,405.0	139,647,020.0
	54	42
	$248,200	$338,100
	11.2%	16.6%
	45.5%	57.0%
	110.3%	101.1%
	$16.28	$10.98
	$3,423	$2,690
	66.8%	57.4%
	5.5%	11.2%
	27.7%	31.4%
Vacant Housing
	2.0%	1.9%
	0.3%	0.4%
	0.0%	0.7%
	0.3%	0.4%
	0.3%	3.6%
	2.5%	4.1%
Value of Owner-Occupied Housing
	3.7%	2.6%
	1.1%	2.4%
	2.1%	2.8%
	1.7%	3.9%
	2.7%	4.5%
	10.6%	11.3%
	22.7%	13.0%
	41.1%	20.1%
	12.0%	13.6%
	1.7%	8.3%
	0.3%	9.7%
	0.1%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.2%	13.6%
	2.2%	13.6%
	10.3%	13.6%
	14.1%	13.2%
	16.6%	14.8%
	10.3%	13.6%
	21.0%	10.0%
	6.5%	4.7%
	6.8%	12.2%

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