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States / Michigan / Farmington

Farmington, MI Housing

ACS 2020-2024

Median Home Value
$297,200 ± $16,625
Median Gross Rent
$1,340 ± $54/mo
Homeownership Rate
61.7%
Rent as Share of Income
16.5%
Price-to-Income Ratio
3.0×
Vacancy Rate
4.8%
Median Year Built
1966

New Construction (2025)

Housing units authorized by building permit — a leading signal of new supply, from the Census Building Permits Survey.

Units Authorized
38
Buildings
38
Single-Family Units
38
Multi-Family Units
0

Nearby Cities in Michigan

Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.

Farmington, MI Housing: Rent & Home Values | HomeDataUSA