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Advertise here →Farmington Hills, MI · Market Data
Farmington Hills, Michigan real estate market data.
Real estate market data for Farmington Hills, MI (Oakland County) — Census median home value $333,200, county listing prices down about 4.3% over the past year.
Farmington Hills, MI is in Oakland County, Michigan — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 83,316, with a median household income of $101,863. Census data puts Farmington Hills's median home value at $333,200 (all owner-occupied homes); Oakland County's current median listing price runs $429,900, down about 4.3% over the past year.
At a glance
Farmington Hills market snapshot
Population
83,316
Median Household Income
$101,863
Median Home Value (city)
$333,200
Median Listing Price (Oakland County)
$429,900
Median Gross Rent
$1,475/mo
Price Trend (YoY)
-4.3%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Farmington Hills different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Farmington Hills's median home value — across all owner-occupied homes, not just recent sales — at $333,200. Separately, Oakland County's current median listing price (via Realtor.com data, 2026-06-01) runs $429,900. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Oakland County's FHFA house price index shows a 4.15% annual change in 2025.
Population & Income
Farmington Hills has an estimated population of 83,316 and a median household income of $101,863, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Farmington Hills's Census-reported median home value works out to about 3.3x the area's median household income, and median gross rent runs roughly 17% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Farmington Hills FAQ
What are home values like in Farmington Hills, MI?
The Census Bureau's American Community Survey puts Farmington Hills's median home value at $333,200. Oakland County's current median listing price runs $429,900, down about 4.3% over the past year.
What is the population of Farmington Hills, MI?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Farmington Hills's population at approximately 83,316.
What's the median rent in Farmington Hills, MI?
The Census ACS estimates median gross rent in Farmington Hills at approximately $1,475 per month.
What is the median household income in Farmington Hills, MI?
Census ACS data puts the median household income in Farmington Hills at approximately $101,863.
Is the Farmington Hills housing market growing?
Oakland County's FHFA house price index shows a 4.15% annual change in 2025.
Is Farmington Hills, MI affordable relative to income?
Census ACS data puts Farmington Hills's median home value at about 3.3 times the median household income, with median gross rent equal to roughly 17% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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