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 Units by Size|
|Five Bedrooms or more||2.40%|
Owned Homes, Apartments and Condos
|Average Household Size||2.74|
|Median year structure was built||1974|
|Median Value of occupied units||$227,300|
|Median Price asked for vacant units||$199,300|
Rented Homes, Apartments and Condos
|Average Household Size||1.73|
|Median year structure was built||1979|
|Median Monthly Rent asked for vacant units||$818|
Owners Finance Status
|Second Mortgage & Equity Loan||0.30%|
|Home Equity Loan||13.80%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||18.3%|