Farmington, MI Real Estate

According to census data in the year 2000 there were 4,991 housing units in Farmington. This represents a 1.9% growth from 4,898 in 1990.

Of those housing units, 4,991 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 is about 64.1%. Farmington's vacancy rate, including seasonal lodging, is about 3.3%. Average household size is 2.13 people.

The majority of houses, apartments or condos in Farmington were built after 1965.


Housing Size

Housing Units by Size
Studio Type1.70%
One Bedroom21.70%
Two Bedrooms27.30%
Three Bedrooms33.90%
Four Bedrooms13.90%
Five Bedrooms or more1.50%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.44
Median year structure was built1960
Median Value of occupied units$173,900
Median Price asked for vacant units$77,900

Rented Homes, Apartments and Condos

Average Household Size1.59
Median year structure was built1972
Median Monthly Rent asked for vacant units$725

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.60%
Second Mortgage5.50%
Home Equity Loan9.10%
Simple Mortgage57.70%
Debt Free27.10%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18%