Home prices
The price of the median home in Farmington is $210,000. It is about $132,840 (38%) lower compared to other places in this area.It is approximately $7,500 (3%) lower compared to the country as a whole, and is roughly $160,800 (326%) higher in comparison to the city of Detroit.
Rents
The median rent in Farmington is $1,053 per month. In comparison to nearby areas this is roughly $418 (28%) lower.It is is very similar compared to the United States as a whole, and is roughly $229 (27%) higher in comparison to the city of Detroit.
Nearby places
Farmington Hills
Farmington Hills is Farmington's neighbor to the north. The real estate prices there are a bit more expensive. The median home in Farmington Hills costs $257,300, which is $47,300 (18%) higher than Farmington. Rents there are a bit more expensive. Farmington Hills's median rent is $1,171 a month, which works out to $118 (10%) higher than Farmington.
Livonia
Livonia is Farmington's neighbor to the south. The real estate prices there are a bit less expensive. The median home in Livonia is valued at $191,500, which is $18,500 (9%) lower than Farmington. Its rents are pretty similar. Livonia's median rent is $1,077 per month, which is $24 (2%) higher than Farmington.
Novi
Novi is about 4 miles west of Farmington. Real estate prices there are a lot more expensive. The price of the median home in Novi is $322,100, which comes out to $112,100 (34%) higher than Farmington. The rent there is a little more expensive. The median monthly rent in Novi is $1,347, which works out to $294 (21%) higher than Farmington.
Franklin
Franklin is approximately 4 miles northeast from Farmington. The real estate prices there are a lot more expensive. The median home in Franklin is valued at $611,900, which comes out to $401,900 (65%) higher than Farmington. Rents there are substantially more expensive. The median rent in Franklin is $2,659 a month, which works out to $1,606 (60%) higher than Farmington.
Northville
Northville is about 5 miles west from Farmington. Its real estate prices are substantially more expensive. The median home in Northville is valued at $331,400, which comes out to $121,400 (36%) higher than Farmington. The rent there is fairly similar. In Northville the median rent is $1,101 a month, which comes out to $48 (4%) higher than Farmington.
