Foreclosure Homes in Farmington Hills, MI

Current Market Conditions in Farmington Hills, MI

The real estate market in Farmington Hills is currently experiencing steady growth due to increasing demand for housing. The city is attracting families and young professionals looking for affordable yet high-quality living options. Median home prices have shown an upward trend, yet they remain accessible compared to surrounding areas.

There is a diverse range of properties available, making it an ideal location for investors. The demand is further driven by the area's excellent schools and parks, making it a desirable place to live. Investors can find opportunities in single-family homes, townhomes, and multi-unit residential properties.

Rent Prices In Farmington Hills, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Farmington Hills, MI, is on a rollercoaster ride. The average rent price in Farmington Hills, MI, is $1,954.00. Indeed, when looking to rent in Farmington Hills, MI, you can expect to pay as little as $680.00 or as much as $3,920.00, with the average rent median estimated to be $1,970.00. The good news is that finding an affordable and desirable property to rent in Farmington Hills, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.