The story of this market
The typical home in ZIP 48331 sells for about $409,551, or $201 per square foot.
Prices are up +2.2% from a year ago, so sellers still have some momentum. Homes take about 75 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,828 a month.
ZIP 48331 — Farmington Hills
The housing market in 48331 shows steady appreciation with a 2.2% year-over-year increase in home values. Inventory remains extremely tight, which continues to support pricing despite limited sales activity. The area is characterized by established residential stock primarily from the 1970s.
This ZIP code is primarily suited for family buyers looking for established residential neighborhoods with a mix of housing stock built largely in the 1970s.
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 balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.3% · poverty 6.8% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 48331, Michigan
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by the Farmington Public School District, which includes local primary and elementary institutions.
The area is served by the Farmington Public School District.
Data sourced from Census Bureau ACS and ZCTA 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.
- Dave & Buster's Livonia45.6 mi
- Round1 Bowling & Arcade - Auburn Hills4.114.5 mi
- Red Oaks Waterpark4.416.2 mi
- The HUB Stadium & Restaurant, Auburn Hills4.413.5 mi
- Urban Air Trampoline and Adventure Park3.610.2 mi
- Pine Knob Music Theatre4.616.5 mi
- Vibe Credit Union Showplace4.34.9 mi
- Topgolf4.214.6 mi
- SEA LIFE Michigan Aquarium4.314.7 mi
- Ford's Garage Dearborn4.616.5 mi
- Kensington Metropark4.712.2 mi
- Emagine Novi4.54 mi
- Dave & Buster's Livonia45.6 mi
- MJR Westland Grand Cinema 164.412.1 mi
- AMC Livonia 203.85.6 mi
- Henry Ford Museum of American Innovation4.816.8 mi
- Greenfield Village4.816.8 mi
- Motown Museum4.719.2 mi
- Cranbrook House & Gardens4.89.4 mi
- Sri Venkateswara Temple & Cultural Center4.84.8 mi
- Kensington Metropark4.712.2 mi
- Glenlore Trails4.55.8 mi
- Maybury State Park4.88.2 mi
- Cranbrook House & Gardens4.89.4 mi
- Heritage Park4.72.6 mi
- Western Golf & Country Club4.69.8 mi
- Novi Putting Edge4.23.9 mi
- Lyon Oaks County Park and Golf Course4.38.2 mi
- Tanglewood Golf Course4.49.3 mi
- On The Dunes Sports4.23.4 mi
- Somerset Collection4.612.1 mi
- Twelve Oaks Mall4.43.2 mi
- Meijer4.211.9 mi
- Meijer4.25.2 mi
- Detroit Metropolitan Wayne County Airport4.320.6 mi
- Windsor International Airport4.228.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Primary/Elementary school located within the ZIP code.
Private primary/elementary educational facility.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.