Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Bingham Farms area can be challenging. Home prices in Bingham Farms are now at a median cost of $452,134, higher than the Michigan average of $196,062.
The average cost of rent is $1,565/mo in Bingham Farms, primarily driven by the current value of real estate in the Bingham Farms area. While nearly 52.55% of residents own their homes outright in Bingham Farms, 8.64% rent.
Housing affordability isn’t just about home prices, though. The average household income in Bingham Farms is $14,882 per month. Households that rent pay about 10.52% of their income on rent here. Bingham Farms's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Franklin, MI: higher priced homes
- Beverly Hills, MI: equally priced homes
- Southfield, MI: less expensive homes
- Lathrup Village, MI: less expensive homes
- Birmingham, MI: higher priced homes
- Bloomfield Hills, MI: higher priced homes
- Berkley, MI: less expensive homes
- Farmington Hills, MI: less expensive homes
- Oak Park, MI: less expensive homes
- Huntington Woods, MI: equally priced homes
Cities with Similar Populations
- Brinnon, WA: less expensive homes
- Shobonier, IL: less expensive homes
- Winthrop, IA: less expensive homes
- Ashland, ME: less expensive homes
- Beverly, WA: less expensive homes
- Barney, GA: less expensive homes
- Roslyn, WA: equally priced homes
- Hills, IA: less expensive homes
- Selma, MO: less expensive homes
- Sardis, TN: less expensive homes
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