Housing in Farmington Hills, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$390,000
Median List Price
$394,950
Price Per Sq Ft
$179
Days on Market
45
Active Inventory
108
Months of Supply
2.4
Seller's market
Zillow Home Value
$374,201
ZHVI — January 2026
Zillow Rent Index
$1,381
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
22.2%
Off Market in 2 Weeks
23.9%
Sale-to-List Ratio
98.3%
Buyer's market
Market Activity
Source: RedfinHomes Sold
45
New Listings
49
Pending Sales
46
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$179
Median List $/SF
$175
Farmington Hills vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 50,000 - 100,000 residents. Farmington Hills is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$333,200
Median Rent
$1,475
Total Housing Units
37,615
Vacancy Rate
5.5%
Owner Occupied
64.0%
Renter Occupied
36.0%
Median Property Tax
$5,285
per year
Monthly Cost (w/ Mortgage)
$1,586
Housing Types
The current median sale price in Farmington Hills, MI is $390,000 according to Redfin data. Homes spend a median of 45 days on the market. 22.2% of homes sold above asking price. The market has 2.4 months of supply. The median price per square foot is $179. Zillow's observed rent index is $1,381/month. About 64.0% of housing units are owner-occupied. The median year homes were built is 1978. There are 37,615 total housing units.