Farmington Hills, Michigan is a part of the Farmington Hills Submarket submarket area.
The 2019 average effective rent for Class A, B, and C apartments in the Farmington Hills, MI submarket area was $1,186, which is 11.57% higher than 2014 average rent. This represents a compounded annual growth rate of 2.21%. 2019 vacancy in Farmington Hills, MI was 2.70%.
The total population of the city of Farmington Hills, MI has grown 1.70% since 2010. As of 2018, the population was 81,093. The median household income of the Farmington Hills was $81,203, which is 34.68% higher than the national average.
Submarket Area
Avg Rent
Rent Growth
Vacancy
Median Income
Population (2018)
Population Growth
Vs. Nat’l Avg
Farmington Hills Submarket
$1,186
11.57%
2.70%
$81,203
81,093
1.70%
34.68%
Submarket Area Farmington Hills Submarket
Avg Rent $1,186
Rent Growth 11.57%
Vacancy 2.70%
Median Income $81,203
Population (2018) 81,093
Population Growth 1.70%
Vs. Nat’l Avg 34.68%
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By providing my number and email, I agree to receive emails, text messages, and phone calls, which may be recorded unless I opt out of such communications. I understand that my consent to be contacted is not a requirement to purchase any product or service and that I can opt out at any time. Message & data rates may apply. Message frequency varies. Subscription may be canceled by texting STOP, END, QUIT, CANCEL or UNSUBSCRIBE.By submitting this form, you agree to receive personalized information. Your information is encrypted, anonymized, and will never be shared.
By providing my number and email, I agree to receive emails, text messages, and phone calls, which may be recorded unless I opt out of such communications. I understand that my consent to be contacted is not a requirement to purchase any product or service and that I can opt out at any time. Message & data rates may apply. Message frequency varies. Subscription may be canceled by texting STOP, END, QUIT, CANCEL or UNSUBSCRIBE.By submitting this form, you agree to receive personalized information. Your information is encrypted, anonymized, and will never be shared.
By providing my number and email, I agree to receive emails, text messages, and phone calls, which may be recorded unless I opt out of such communications. I understand that my consent to be contacted is not a requirement to purchase any product or service and that I can opt out at any time. Message & data rates may apply. Message frequency varies. Subscription may be canceled by texting STOP, END, QUIT, CANCEL or UNSUBSCRIBE.By submitting this form, you agree to receive personalized information. Your information is encrypted, anonymized, and will never be shared.
By providing my number and email, I agree to receive emails, text messages, and phone calls, which may be recorded unless I opt out of such communications. I understand that my consent to be contacted is not a requirement to purchase any product or service and that I can opt out at any time. Message & data rates may apply. Message frequency varies. Subscription may be canceled by texting STOP, END, QUIT, CANCEL or UNSUBSCRIBE.By submitting this form, you agree to receive personalized information. Your information is encrypted, anonymized, and will never be shared.
By providing my number and email, I agree to receive emails, text messages, and phone calls, which may be recorded unless I opt out of such communications. I understand that my consent to be contacted is not a requirement to purchase any product or service and that I can opt out at any time. Message & data rates may apply. Message frequency varies. Subscription may be canceled by texting STOP, END, QUIT, CANCEL or UNSUBSCRIBE. By submitting this form, you agree to receive personalized information. Your information is encrypted, anonymized, and will never be shared.