Home prices
The median home in Farmington Hills costs $257,300. Compared to other places in this area this is about $85,640 (24%) lower.Compared to the entire nation it is approximately $39,800 (18%) higher, and is about $208,100 (422%) higher compared to the city of Detroit.
Rents
In Farmington Hills the median monthly rent is $1,171. It is roughly $266 (18%) lower in comparison to nearby areas.It is approximately $109 (10%) higher in comparison to the US as a whole, and in comparison to the city of Detroit it is roughly $347 (42%) higher.
Nearby places
Farmington
Farmington is Farmington Hills's neighbor to the south. The real estate prices there are somewhat less expensive. The price of the median home in Farmington is $210,000, which works out to $47,300 (22%) lower than Farmington Hills. Rents there are a bit less expensive. Farmington's median monthly rent is $1,053, which is $118 (11%) lower than Farmington Hills.
Franklin
Franklin is Farmington Hills's neighbor to the northeast. Its real estate prices are a lot more expensive. The median home in Franklin costs $611,900, which comes out to $354,600 (57%) higher than Farmington Hills. Rents there are substantially more expensive. Franklin's median rent is $2,659 a month, which comes out to $1,488 (55%) higher than Farmington Hills.
Novi
Novi is Farmington Hills's neighbor to the west. The real estate prices there are a little more expensive. The median home in Novi costs $322,100, which comes out to $64,800 (20%) higher than Farmington Hills. Rent there is somewhat more expensive. In Novi the median rent is $1,347 per month, which comes out to $176 (13%) higher than Farmington Hills.
Southfield
Southfield is Farmington Hills's neighbor to the east. The housing prices there are significantly less expensive. The value of the median home in Southfield is $155,700, which comes out to $101,600 (65%) lower than Farmington Hills. The rent there is fairly similar. Southfield's median monthly rent is $1,125, which works out to $46 (4%) lower than Farmington Hills.
Bingham Farms
Bingham Farms is roughly 4 miles northeast of Farmington Hills. The housing prices there are significantly more expensive. The median home in Bingham Farms costs $415,000, which is $157,700 (38%) higher than Farmington Hills. Rents there are a bit less expensive. The median rent in Bingham Farms is $1,000 a month, which comes out to $171 (17%) lower than Farmington Hills.
