Farmington Hills Real Estate
28 neighborhoods and communities
Active listings 99
Sold (past 12mo) 677
HFG +9.3%ⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
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Condo Communities(28)
Beechwood Hill Condominiums
No active listings
Botsford Commons Senior Community
No active listings
Brookdale Condominium
No active listings
Chestnut Ridge
No active listings
Country Glens Condominiums
No active listings
Crosswinds Of Farmington Hills Condominiums
No active listings
Echo Valley
No active listings
Fairways Of Farmington
No active listings
Farmington Square Condominiums
No active listings
Glen Oaks Village
No active listings
Greenpoint At Coppercreek
No active listings
Heatherwood At Twelve
No active listings
Frequently Asked Questions about Farmington Hills
Are there homes available in Farmington Hills right now?
There are currently 99 active listings in Farmington Hills. The median asking price is $367,000.
What is the median home price in Farmington Hills?
Homes in Farmington Hills sell for a median of $367,000, drawn from 677 transactions over the past year.
How fast do homes sell in Farmington Hills?
The average days on market in Farmington Hills is 59, based on 677 recent transactions.
What are the best neighborhoods in Farmington Hills?
There are 28 neighborhoods and condo communities in Farmington Hills. Of these, 28 are condo communities.
What school districts serve Farmington Hills?
Farmington Hills is served by one or more public school districts. In Michigan, school district boundaries do not always align with city limits, so different parts of Farmington Hills may be zoned for different districts. Check individual listings for the specific school district assignment.
Is Farmington Hills a buyer's or seller's market?
With 1.8 months of inventory, Farmington Hills is currently a seller's market. This is based on 99 active listings and 677 sales in the past 12 months.
How are property taxes calculated in Farmington Hills?
Michigan property taxes in Farmington Hills are calculated using the State Equalized Value (SEV) times the local millage rate. Rates vary by school district and municipality. Primary residences qualify for a homestead exemption that reduces the tax rate.
What does demographic data show about housing demand in Farmington Hills?
Based on Census Bureau ACS 5-Year Estimates, the Household Formation Gap in Farmington Hills is +9.3%. Shrinking household sizes (from 2.4 to 2.32 persons per household) have increased the number of households needing housing by 3,056 since 2009 — independent of the 5.7% population growth. This is a secondary demographic indicator, not a primary market measure.
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