Why Live in Farmington Hills
Farmington Hills, the second-largest community in Oakland County, boasts a diverse population of over 80,000 residents, with more than 20% being foreign-born. This upscale suburb maintains a close-knit feel despite its size, sharing public services and a school district with the neighboring city of Farmington. Farmington Public Schools are highly rated, serving around 8,800 students across 16 campuses. The neighborhood offers numerous things to do, including over 20 parks and recreation areas like Heritage Park, which features hiking trails, picnic spots, and a splash pad. The Hawk community center provides a swimming pool, performing arts theater, and maker space. Shopping and dining are concentrated along Orchard Lake, West 12 Mile, and Grand River, with Twelve Oaks Mall just a 10-minute drive away. Farmington Hills has a suburban layout with single-family homes that sell quickly, often within 22 days. The area is safer than the national average, with significantly lower violent and property crime rates. Major employers include Corewell Health and the Farmington School District, with many residents commuting to Detroit, Southfield, or Ann Arbor. Annual events like the Farm Family Picnic and Art on the Grand foster community spirit, while the historic Longacre House hosts weddings and private events. Interstate 696 provides convenient access to Detroit, Ann Arbor, and the Detroit Metro Airport, all within 30 miles.
Frequently Asked Questions
What is the average home price in Farmington Hills, MI?
Homes for sale in Farmington Hills, MI have an average home price of $389,039.
How many homes have sold over the last 12 months in Farmington Hills, MI?
928 homes have sold in Farmington Hills, MI over the last 12 months.
What are the most popular zip codes in Farmington Hills, MI?
How much do you need to make to afford a house in Farmington Hills?
The median home price in Farmington Hills is $378,000. If you put a 20% down payment of $75,600 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $1,970 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $84K a year to afford the median home price in Farmington Hills.
How are the schools in Farmington Hills, MI?
Home Trends in Farmington Hills, MI
On average, homes in Farmington Hills, MI sell after 25 days on the market compared to the national average of 50 days. The median sale price for homes in Farmington Hills, MI over the last 12 months is $375,000, up 7% from the median home sale price over the previous 12 months.
Median Sale Price
$375,000
Median Single Family Sale Price
$390,000
Median 2 Bedroom Sale Price
$246,000
Median 1 Bedroom Sale Price
$119,900
Average Price Per Sq Ft
$192
Number of Homes for Sale
130
Last 12 months Home Sales
928
Median List Price
$378,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
7%