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Farmington Hills, MI Housing

 
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As of 2010-2014, median price of a house in Farmington Hills is $200,100, which is much higher than the state average of $120,200 and is higher than the national average of $175,700. The Farmington Hills median house value has shrunk by 11.97% since 2000. The growth rate for the price of a house in Farmington Hills is lower than the state average rate of 3.98% and is much lower than the national average rate of 46.91%. The median year that a house in Farmington Hills was built is 1977, which is newer than the median year for a house built in the state which is 1969 and is about the same as the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 21,241 Owner Occupied Houses in Farmington Hills, MI, #51
Farmington Hills, MI
200,100 USD
Michigan
120,200 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #507
Farmington Hills, MI
-11.97%
Michigan
3.98%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Farmington Hills, MIMichiganU.S.
Total Housing Units36,773, see rank, 100%4,532,719132,741,033
Occupied Housing Units34,219, 93.05%, see rank84.45%87.55%
Owner Occupied21,241, 57.76%, see rank60.41%56.34%
Renter Occupied12,978, 35.29%, see rank24.04%31.21%
Vacant Housing Units2,554, 6.95%, see rank15.55%12.45%
For Rent936, 2.55%, see rank1.84%2.34%
For Sale Only392, 1.07%, see rank1.40%1.20%
Rented or Sold, Not Occupied356, 0.97%, see rank1.04%0.92%
For Seasonal, Recreational, or Occasional Use130, 0.35%, see rank6.26%3.97%
For Migrant Workers0, 0.00%, see rank0.05%0.03%
Other Vacant740, 2.01%, see rank4.96%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #91
Farmington Hills, MIMichiganU.S.
197719691976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Farmington Hills, MI%MichiganU.S.
Owner-Occupied Units21,241100%2,738,01274,787,460
With a Mortgage14,84969.91%, see rank63.63%65.58%
Without a Mortgage6,39230.09%, see rank36.37%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Farmington Hills, MI
1,805 USD
Michigan
1,295 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsFarmington Hills, MI%MichiganU.S.
$299 or Less620.42%, see rank0.19%0.20%
$300 to $499640.43%, see rank1.88%1.59%
$500 to $6993252.19%, see rank6.65%5.01%
$700 to $9991,1237.56%, see rank19.56%14.32%
$1,000 to $1,4993,07720.72%, see rank34.69%27.90%
$1,500 to $1,9994,30729.01%, see rank20.06%20.35%
$2,000 to $2,9994,53830.56%, see rank12.84%19.52%
$3,000 or More1,3539.11%, see rank4.13%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Farmington Hills, MI
21.60% of the Total Income
Michigan
22.60% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Farmington Hills, MI%MichiganU.S.
10% or Less1,1637.83%, see rank5.90%5.86%
10% to 20%5,53437.27%, see rank35.28%31.95%
20% to 30%3,70124.92%, see rank27.51%27.64%
30% to 40%1,86212.54%, see rank12.63%13.74%
40% or More2,57317.33%, see rank18.20%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Farmington Hills, MI
718 USD
Michigan
463 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsFarmington Hills, MI%MichiganU.S.
$199 or Less1342.10%, see rank4.74%7.76%
$200 to $2991342.10%, see rank12.46%14.70%
$300 to $4991,08216.93%, see rank40.41%34.63%
$500 to $6991,68526.36%, see rank25.95%21.16%
$700 or More3,35752.52%, see rank16.44%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Farmington Hills, MI
12.40% of the Total Income
Michigan
13.40% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Farmington Hills, MI%MichiganU.S.
10% or Less2,60440.74%, see rank35.33%40.19%
10% to 20%1,81628.41%, see rank33.76%31.47%
20% to 30%77312.09%, see rank13.39%12.24%
30% to 40%4246.63%, see rank6.18%5.64%
40% or More67610.58%, see rank9.99%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Farmington Hills, MIMichiganU.S.
Total Housing Units36,773, 100%4,532,719132,741,033
1-unit, Detached20,995, 57.09%, see rank71.97%61.65%
1-unit, Attached2,518, 6.85%, see rank4.66%5.82%
2 Units316, 0.86%, see rank2.58%3.75%
3 or 4 Units1,482, 4.03%, see rank2.56%4.43%
5 to 9 Units4,351, 11.83%, see rank4.20%4.78%
10 or More Units6,620, 18.00%, see rank8.58%13.08%
Mobile Home, Boat, RV, Van, etc.491, 1.34%, see rank5.45%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Farmington Hills, MIMichiganU.S.
Total Housing Units36,773, 100%4,532,719132,741,033
1 Room539, 1.47%, see rank1.24%1.95%
2 Rooms625, 1.70%, see rank1.78%2.48%
3 Rooms4,346, 11.82%, see rank7.14%9.13%
4 Rooms6,164, 16.76%, see rank14.38%16.60%
5 Rooms4,684, 12.74%, see rank21.00%20.41%
6 Rooms4,748, 12.91%, see rank20.07%18.06%
7 Rooms4,275, 11.63%, see rank13.45%12.27%
8 Rooms4,198, 11.42%, see rank9.27%8.48%
9 Rooms or More7,194, 19.56%, see rank11.67%10.60%
Median Rooms5.90, see rank5.705.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Farmington Hills, MIMichiganU.S.
Total Housing Units36,773, 100%4,532,719132,741,033
No Bedroom617, 1.68%, see rank1.35%2.17%
1 Bedroom5,835, 15.87%, see rank9.11%11.16%
2 Bedrooms9,255, 25.17%, see rank26.33%26.69%
3 Bedrooms10,086, 27.43%, see rank43.93%39.70%
4 Bedrooms9,917, 26.97%, see rank15.80%16.05%
5 or More Bedrooms1,063, 2.89%, see rank3.47%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Farmington Hills, MIMichiganU.S.
Total Housing Units34,219, 100%3,827,880116,211,092
Utility Gas30,914, 90.34%, see rank77.13%48.85%
Bottled, Tank, or LP Gas275, 0.80%, see rank8.48%4.86%
Electricity2,590, 7.57%, see rank8.30%36.68%
Fuel Oil, Kerosene, etc.53, 0.15%, see rank1.40%5.86%
Coal or Coke0, 0.00%, see rank0.03%0.12%
Wood93, 0.27%, see rank3.39%2.12%
Solar Energy9, 0.03%, see rank0.02%0.05%
Other Fuel153, 0.45%, see rank0.86%0.47%
No Fuel Used132, 0.39%, see rank0.39%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalFarmington Hills, MIMichiganU.S.
Occupied Units Paying Rent12,578, 100%1,028,83539,201,928
$199 or Less0, 0.00%, see rank1.86%1.50%
$200 to $299159, 1.26%, see rank3.88%3.18%
$300 to $499375, 2.98%, see rank9.32%7.37%
$500 to $699984, 7.82%, see rank23.63%16.01%
$700 to $9994,523, 35.96%, see rank35.23%29.17%
$1,000 to $1,4994,809, 38.23%, see rank20.17%26.88%
$1,500 to $1,9991,120, 8.90%, see rank3.85%9.79%
$2,000 or More608, 4.83%, see rank2.06%6.10%
Median$1,019, see rank$780$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Farmington Hills, MIMichiganU.S.
Occupied Housing Units34,219, 100%3,827,880116,211,092
No Vehicles Available1,870, 5.46%, see rank7.97%9.12%
1 Vehicles Available12,373, 36.16%, see rank35.06%33.80%
2 Vehicles Available13,976, 40.84%, see rank38.45%37.48%
3 or More Vehicles Available6,000, 17.53%, see rank18.52%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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