Home prices
The median home cost in Bingham Farms is $415,000. This is approximately $36,080 (9%) higher compared to other places in this area.In comparison to the US as a whole it is roughly $197,500 (90%) higher, and it is approximately $365,800 (743%) higher compared to the city of Detroit.
Rents
Bingham Farms's median rent is $1,000 a month. It is about $554 (35%) lower compared to other places in this area.It is roughly $62 (5%) lower compared to the US as a whole, and compared to the city of Detroit is approximately $176 (21%) higher.
Nearby places
Franklin
Franklin is Bingham Farms's neighbor to the west. Housing prices there are a lot more expensive. The median home in Franklin costs $611,900, which works out to $196,900 (32%) higher than Bingham Farms. Rents there are a lot more expensive. The median monthly rent in Franklin is $2,659, which works out to $1,659 (62%) higher than Bingham Farms.
Beverly Hills
Beverly Hills is Bingham Farms's neighbor to the east. Housing prices there are a bit less expensive. The median home value in Beverly Hills is $387,400, which comes out to $27,600 (7%) lower than Bingham Farms. The rent there is a bit more expensive. In Beverly Hills the median rent is $1,238 a month, which is $238 (19%) higher than Bingham Farms.
Southfield
Southfield is Bingham Farms's neighbor to the south. The real estate prices there are substantially less expensive. Southfield's median home price is $155,700, which is $259,300 (166%) lower than Bingham Farms. The rent there is somewhat more expensive. The median rent in Southfield is $1,125 a month, which comes out to $125 (11%) higher than Bingham Farms.
Lathrup Village
Lathrup Village is roughly 2 miles southeast of Bingham Farms. Its housing prices are a lot less expensive. Lathrup Village's median home cost is $198,100, which is $216,900 (109%) lower than Bingham Farms. Rents there are a bit more expensive. The median monthly rent in Lathrup Village is $1,234, which works out to $234 (18%) higher than Bingham Farms.
Birmingham
Birmingham is roughly 3 miles northeast from Bingham Farms. Its real estate prices are a little more expensive. Birmingham's median home value is $541,500, which works out to $126,500 (23%) higher than Bingham Farms. Its rents are a lot more expensive. In Birmingham the median rent is $1,513 per month, which works out to $513 (33%) higher than Bingham Farms.
