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 Units by Size|
|Five Bedrooms or more||1.50%|
Owned Homes, Apartments and Condos
|Average Household Size||2.44|
|Median year structure was built||1960|
|Median Value of occupied units||$173,900|
|Median Price asked for vacant units||$77,900|
Rented Homes, Apartments and Condos
|Average Household Size||1.59|
|Median year structure was built||1972|
|Median Monthly Rent asked for vacant units||$725|
Owners Finance Status
|Second Mortgage & Equity Loan||0.60%|
|Home Equity Loan||9.10%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||18%|