Farmington Hills, MI Real Estate

According to census data in the year 2000 there were 34,858 housing units in Farmington Hills. This represents a 11.8% growth from 31,171 in 1990.

Of those housing units, 34,858 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Farmington Hills is about 66.8%. Farmington Hills's vacancy rate, including seasonal lodging, is about 3.7%. Average household size is 2.41 people.

The majority of houses, apartments or condos in Farmington Hills were built after 1976.


Housing Size

Housing Units by Size
Studio Type1.70%
One Bedroom15.90%
Two Bedrooms26.40%
Three Bedrooms27.40%
Four Bedrooms26.20%
Five Bedrooms or more2.40%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.74
Median year structure was built1974
Median Value of occupied units$227,300
Median Price asked for vacant units$199,300

Rented Homes, Apartments and Condos

Average Household Size1.73
Median year structure was built1979
Median Monthly Rent asked for vacant units$818

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage4.40%
Home Equity Loan13.80%
Simple Mortgage60.10%
Debt Free21.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.3%