Market Overview
Home Prices in Farmington Hills, MI
The median home value in Farmington Hills, MI is $398,912 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.7% compared to a year ago and up 2.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Farmington Hills are priced3% below average. Farmington Hills is part of the Detroit-Warren-Dearborn, MI metro area.
Over the past five years, Farmington Hills home values have risen by approximately24.3%, reflecting strong long-term appreciation in this market.
Price History
Farmington Hills Home Price Trend
City Comparison
Farmington Hills vs. National Median
At $398,912, homes in Farmington Hills cost 3% below the national median of $410,000. This makes Farmington Hills a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Farmington Hills?
20% Down Payment
$79,782
on $398,912
Monthly P&I
$2,080/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,642/mo
incl. taxes & insurance
Income Needed
$105,680
gross annual (30% rule)
10% Down Option
$39,891
+ PMI applies
Loan Amount (20% dn)
$319,130
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Farmington Hills, MI?
The median home value in Farmington Hills is $398,912 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.7% year-over-year.
How much have home prices changed in Farmington Hills?
Over the past year, home values in Farmington Hills have increased by 2.7%. Over five years, prices have risen approximately 24.3%.
How much do I need to earn to buy a home in Farmington Hills?
To comfortably afford the median home price of $398,912 with a 20% down payment ($79,782) at today's rates (6.8%), you'd need a gross annual income of approximately $105,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Farmington Hills compare to the national average home price?
The national median home value is approximately $410,000. At $398,912, homes in Farmington Hills are 3% below the national average.
What metro area is Farmington Hills part of?
Farmington Hills is part of the Detroit-Warren-Dearborn, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.