Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Farmington Hills area can be challenging. Home prices in Farmington Hills are now at a median cost of $281,136, higher than the Michigan average of $196,062.
The average cost of rent is $1,481/mo in Farmington Hills, primarily driven by the current value of real estate in the Farmington Hills area. While nearly 37.93% of residents own their homes outright in Farmington Hills, 37.80% rent.
Housing affordability isn’t just about home prices, though. The average household income in Farmington Hills is $8,021 per month. Households that rent pay about 18.46% of their income on rent here. Farmington Hills's most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Farmington, MI: less expensive homes
- Franklin, MI: higher priced homes
- Novi, MI: higher priced homes
- West Bloomfield, MI: higher priced homes
- Bingham Farms, MI: higher priced homes
- Livonia, MI: less expensive homes
- Southfield, MI: less expensive homes
- Walled Lake, MI: equally priced homes
- Orchard Lake Village, MI: higher priced homes
- Northville, MI: higher priced homes
Cities with Similar Populations
- Brooklyn Park, MN: equally priced homes
- Buena Park, CA: higher priced homes
- Buford, GA: equally priced homes
- Bronx, NY: higher priced homes
- Bryan, TX: less expensive homes
- Burleson, TX: less expensive homes
- Caguas, PR: less expensive homes
- Buffalo, NY: less expensive homes
- Broken Arrow, OK: less expensive homes
- Broomfield, CO: higher priced homes
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