Latest available · Census ACS 5-Year (2024)
What Is the Median Home Value in Farmington Hills city, Michigan?
City · Census ACS 5-Year estimates
The median home value in Farmington Hills city, Michigan is $354,500 (±$8,831), based on Census ACS 5-Year estimates (2024). The median gross rent is $1,551/month, and the median household income is $104,836/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for Farmington Hills city, Michigan
| Metric | Value |
|---|---|
| Median Home Value | $354,500 |
| Median Gross Rent | $1,551 |
| Median Household Income | $104,836 |
| Total Housing Units | 35,529 |
| Renter-Occupied Units | 12,538 |
| Renter-Occupied Share | 35% |
How does Farmington Hills city, Michigan compare?
Median home value ranked against all cities in Michigan.
Higher home value than 92% of cities in Michigan · 61th of 730
| # | City | Value |
|---|---|---|
| 1 | Crystal Downs Country Club CDP | $1,750,000 |
| 2 | Barton Hills village | $1,410,000 |
| 3 | Grand Beach village | $1,110,300 |
| … 57 more … | ||
| 61 | Farmington Hills city(you are here) | $354,500 |
| … 666 more … | ||
| 728 | Gaastra city | $49,200 |
| 729 | Marenisco CDP | $47,500 |
| 730 | Alpha village | $34,100 |
More data for Farmington Hills city, Michigan
Frequently asked questions
What is the median home value in Farmington Hills city, Michigan?
The median home value in Farmington Hills city, Michigan is $354,500, based on Census ACS 5-Year estimates (2024). This is the self-reported estimated value homeowners believe their property would sell for. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent in Farmington Hills city, Michigan?
The median gross rent in Farmington Hills city, Michigan is $1,551/month, based on Census ACS 5-Year estimates (2024).
What is the median household income in Farmington Hills city, Michigan?
The median household income in Farmington Hills city, Michigan is $104,836/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median home value of $354,500 has a margin of error of ±$8,831. In very small areas, MOEs can be large relative to the estimate.
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