The story of this market
The typical home in ZIP 48334 sells for about $475,000, or $185 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 38 days to sell. HUD's fair market rent for a two-bedroom is $1,553 a month.
ZIP 48334 — Farmington Hills
The 48334 housing market remains stable with moderate price growth and consistent demand. While inventory is limited, the area's strong school district and proximity to major employment hubs continue to attract family buyers and professionals.
This ZIP is ideal for families and professionals seeking a suburban environment with high-quality schools and convenient access to major regional employment hubs.
Median prices moved up 2.1% year over year.
Homes spend a median of 38 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.0% · poverty 7.9% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 48334, Oakland County MI
Crime rates in Farmington Hills are generally lower than the national average, with the area consistently ranking as one of the safer communities in Oakland County.
The area is served by the Farmington Public Schools district, which maintains a strong reputation for academic performance and high graduation rates.
The region faces standard Midwestern climate risks, primarily related to severe thunderstorms and winter weather, with low exposure to major natural disasters like wildfires or hurricanes.
The area benefits from its proximity to major corporate headquarters in the automotive and technology sectors, with steady infrastructure investment in the Farmington Hills corridor.
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.
Residents benefit from easy access to I-696 and I-275, providing a direct commute to major employment hubs in Detroit, Southfield, and Ann Arbor.
The ZIP features several local parks, including Heritage Park, and is within a short drive of major shopping centers and golf courses in the Farmington Hills area.
The rental market is stable with a renter share of approximately 35.7%, showing consistent demand driven by proximity to regional employment centers.
The local economy is anchored by the automotive, healthcare, and professional services sectors, with significant employment presence from major regional employers in Farmington Hills.
The area is highly car-dependent, served by a network of major highways including I-696 and I-275, with limited public transit options.
Ongoing redevelopment of older commercial corridors into mixed-use spaces is a primary focus for the city's planning department.
The Oakland County Equalization Division oversees property assessments, ensuring compliance with state-mandated valuation standards.
Parcels are subject to Farmington Public Schools district taxes and various Oakland County special service districts.
Property insurance premiums are moderate, reflecting the area's low risk for catastrophic natural events.
Data retrieved from U.S. Census Bureau ZCTA-level tables.
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 Livonia46.5 mi
- Round1 Bowling & Arcade - Auburn Hills4.113.8 mi
- Dave & Buster's Utica4.119.1 mi
- Urban Air Trampoline and Adventure Park4.219.1 mi
- Red Oaks Waterpark4.413 mi
- Little Caesars Arena4.618.7 mi
- Comerica Park4.719 mi
- Ford Field4.619.1 mi
- Pine Knob Music Theatre4.616.6 mi
- Huntington Place4.519.5 mi
- Detroit Zoo4.510.3 mi
- Emagine Royal Oak4.310.4 mi
- Emagine Novi4.57.1 mi
- Dave & Buster's Livonia46.5 mi
- MJR Troy Cinema4.410.6 mi
- Henry Ford Museum of American Innovation4.815.1 mi
- Detroit Institute of Arts4.817.6 mi
- Greenfield Village4.815.1 mi
- Michigan Central4.818.3 mi
- Motown Museum4.716.4 mi
- Glenlore Trails4.58.3 mi
- Maybury State Park4.810.7 mi
- Cranbrook House & Gardens4.86.8 mi
- Innovation Hills4.712.9 mi
- Heritage Park4.72.5 mi
- Western Golf & Country Club4.68.1 mi
- Novi Putting Edge4.27.1 mi
- Lyon Oaks County Park and Golf Course4.311.4 mi
- On The Dunes Sports4.25.8 mi
- Tanglewood Golf Course4.412.3 mi
- Somerset Collection4.69.1 mi
- Twelve Oaks Mall4.46.4 mi
- Oakland Mall4.112.2 mi
- Meijer4.28.7 mi
- Detroit Metropolitan Wayne County Airport4.320.2 mi
- Windsor International Airport4.225.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large community park with trails and nature center.
Public facility for skating and hockey.
Key-figure check: median price diverges 41.1% from the nearest retained anchor (published ten-year series (2025)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $280,000 (41.1% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $280,000 (-41.1% vs the published ten-year series (2025)) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.