The story of this market
The typical home in Farmington Hills, Michigan sells for about $409,000, or $198 per square foot.
Prices are up +8.89% from a year ago, so sellers still have some momentum. Homes take about 24 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,551 a month.
Monthly price momentum
Home values since 2015
+4.5%
MI · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Farmington Hills, Michigan
The Farmington Hills housing market shows resilience with a median price of $409,000 as of September 2026, reflecting an 8.89% year-over-year increase. While price-per-square-foot metrics have softened slightly due to a shift toward larger home sales, the market remains competitive with a low 2.6 months of supply. Overall, the city's strong economic base and high demand for suburban living continue to drive stable property appreciation.
No ARED county foreclosure postings attributed to Farmington Hills yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 4 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 2.2% year over year.
Homes spend a median of 75 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0.59% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 7.6% — a stable, low-distress profile.
- Little Caesars Arena4.619.3 mi
- Comerica Park4.719.7 mi
- Ford Field4.619.8 mi
- Pine Knob Music Theatre4.617 mi
- Huntington Place4.520.1 mi
- Henry Ford Museum of American Innovation4.815.1 mi
- Detroit Zoo4.511.2 mi
- Kensington Metropark4.714.4 mi
- Greenfield Village4.815.2 mi
- Emagine Royal Oak4.311.5 mi
- Henry Ford Museum of American Innovation4.815.1 mi
- Detroit Institute of Arts4.818.2 mi
- Greenfield Village4.815.2 mi
- Michigan Central4.818.9 mi
- Motown Museum4.717 mi
- Kensington Metropark4.714.4 mi
- Glenlore Trails4.57.8 mi
- Maybury State Park4.89.6 mi
- Cranbrook House & Gardens4.87.9 mi
- Innovation Hills4.713.9 mi
- Topgolf4.214.5 mi
- Fox Hills Golf & Banquet Center4.614.9 mi
- Western Golf & Country Club4.68.1 mi
- Novi Putting Edge4.26 mi
- Lyon Oaks County Park and Golf Course4.310.4 mi
- Great Lakes Crossing Outlets4.514.5 mi
- Somerset Collection4.610.3 mi
- Twelve Oaks Mall4.45.2 mi
- Oakland Mall4.113.3 mi
- Fairlane Town Center4.114.6 mi
- Detroit Metropolitan Wayne County Airport4.319.8 mi
- Windsor International Airport4.226.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A large municipal park featuring extensive hiking trails, a nature center, and picnic areas. It serves as a primary green space for the community, enhancing local property desirability.
A premier facility offering ice skating and hockey programs for all ages. It is a significant community anchor that supports local youth sports and recreation.
A vibrant historic district featuring a variety of local boutiques, restaurants, and community events. It serves as the social and commercial heart of the area.
Farmington Hills is an ideal fit for family buyers and professionals who value suburban stability, high-quality schools, and access to regional employment centers. Its diverse housing stock, ranging from established single-family homes to modern apartments, also attracts downsizers and renters looking for a balance between urban amenities and residential comfort.
The city is served by highly regarded public school districts, including Farmington Public Schools, which is known for its diverse student body and strong academic programming. Local schools consistently maintain competitive ratings, contributing to the area's appeal for families seeking quality education.
The city is well-connected via major highway corridors including I-696 and M-5, facilitating efficient commutes to Detroit and surrounding suburbs. Public transit options are primarily bus-based, serving the broader metro area.
Farmington Hills offers an extensive park system, including the expansive Heritage Park, which provides residents with miles of trails, nature centers, and outdoor recreation. The city also features the Farmington Hills Ice Arena and proximity to downtown Farmington's shopping and dining district, creating a balanced lifestyle for residents.
The rental market in Farmington Hills is characterized by steady demand, supported by a mix of apartment complexes and single-family rentals. Vacancy rates remain low due to the city's central location and proximity to major employment hubs in Oakland County, though rent growth has stabilized in recent periods.
The economy is anchored by a diverse mix of professional services, healthcare, and automotive-related corporate offices. The city benefits from its position within the Oakland County economic corridor, maintaining steady employment momentum.
Farmington Hills maintains a stable economic base with a mix of corporate offices and retail centers, benefiting from its strategic location in Oakland County. Infrastructure investment remains focused on maintaining its suburban connectivity, while ongoing redevelopment efforts in the downtown and commercial corridors support long-term property value retention.
Current planning efforts are focused on mixed-use infill development and the modernization of aging commercial infrastructure. These projects aim to enhance the city's tax base and provide more diverse housing options.
Parcels in Farmington Hills are subject to standard municipal and county tax districts, with specific levies for school operations and local infrastructure maintenance.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Michigan) — Disabled Veterans Homestead Exemption: Provides an exemption from property taxes levied for school operating purposes and potentially other local taxes depending on eligibility. State (Michigan) — General Property Tax Act: Property is assessed at 50% of true cash value (State Equalized Value). Taxable value is capped at the lesser of the state equalized value or the previous year's taxable value adjusted by the consumer price index (up to 5%), unless a transfer of ownership occurs.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this city's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from U.S. Census Bureau QuickFacts and Data USA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.