Housing in Farmington, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$405,233
Median List Price
$402,566
Price Per Sq Ft
$305
Days on Market
12
Active Inventory
19
Months of Supply
6.3
Buyer's market
Zillow Home Value
$313,913
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
75.0%
Sale-to-List Ratio
99.0%
Buyer's market
Market Activity
Source: RedfinHomes Sold
3
New Listings
8
Pending Sales
4
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$305
Median List $/SF
$195
Farmington vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Farmington 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
$273,000
Median Rent
$1,299
Total Housing Units
5,434
Vacancy Rate
4.6%
Owner Occupied
64.5%
Renter Occupied
35.5%
Median Property Tax
$4,277
per year
Monthly Cost (w/ Mortgage)
$1,393
Housing Types
The current median sale price in Farmington, MI is $405,233 according to Redfin data. Homes spend a median of 12 days on the market. 0.0% of homes sold above asking price. The market has 6.3 months of supply. The median price per square foot is $305. The median rent is $1,299 per month (Census ACS). About 64.5% of housing units are owner-occupied. The median year homes were built is 1966. There are 5,434 total housing units.