House Prices

House Prices & Home Values Farmington, MI 2026


Average Data

average house price$316,712
average size per house1984 ft²
average price per ft²160 $ / ft²

04/04/2026 - The value range (VR) for house prices in Farmington, MI is $141/ sqft to $177/ sqft. An average home with 1984 sqft costs approximately $279,744 to $351,168. Farmington, MI includes 4 ZIP codes and it is located in Oakland county. The lowest prices are found in ZIP 48336, while the highest are in ZIP 48335. The average price per sqare feet is $160. Our analysis is based on 60 property listings.

Avergage prices by ZIP codes Farmington

48331139 $ / ft²
48334181 $ / ft²
48335193 $ / ft²
48336130 $ / ft²




Historical development of home values in Farmington

Year Estimated value (USD) Change vs. 2025
2010 $147,087 -53.6%
2011 $141,399 -55.4%
2012 $141,018 -55.5%
2013 $146,289 -53.8%
2014 $153,563 -51.5%
2015 $161,445 -49.0%
2016 $169,870 -46.4%
2017 $179,039 -43.5%
2018 $188,937 -40.3%
2019 $197,697 -37.6%
2020 $207,917 -34.4%
2021 $236,484 -25.3%
2022 $275,687 -13.0%
2023 $290,725 -8.2%
2024 $307,543 -2.9%
2025 $316,712 0.0%

Graph: estimated home values in Farmington over time (USD)



Example: 100% financing house in Farmington

Loan amount: $316,712

Interest rate: 6.00%

Fixed monthly payment: $1,898.85

Breakdown in the 1st month:
Interest portion: $1,583.56  –  Principal portion: $315.29

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $18,896.92 $3,889.26 $312,822.74
2 $18,657.04 $4,129.14 $308,693.60
3 $18,402.36 $4,383.82 $304,309.78
4 $18,131.98 $4,654.20 $299,655.58
5 $17,844.92 $4,941.26 $294,714.31
6 $17,540.15 $5,246.03 $289,468.29
7 $17,216.59 $5,569.59 $283,898.69
8 $16,873.07 $5,913.11 $277,985.58
9 $16,508.36 $6,277.82 $271,707.76
10 $16,121.16 $6,665.02 $265,042.73
11 $15,710.07 $7,076.11 $257,966.63
12 $15,273.63 $7,512.55 $250,454.08
13 $14,810.28 $7,975.90 $242,478.17
14 $14,318.34 $8,467.84 $234,010.33
15 $13,796.06 $8,990.12 $225,020.22
16 $13,241.57 $9,544.61 $215,475.61
17 $12,652.88 $10,133.30 $205,342.31
18 $12,027.88 $10,758.30 $194,584.01
19 $11,364.33 $11,421.85 $183,162.16
20 $10,659.86 $12,126.32 $171,035.84
21 $9,911.93 $12,874.25 $158,161.59
22 $9,117.88 $13,668.30 $144,493.29
23 $8,274.85 $14,511.33 $129,981.95
24 $7,379.82 $15,406.36 $114,575.59
25 $6,429.59 $16,356.59 $98,219.00
26 $5,420.75 $17,365.43 $80,853.57
27 $4,349.69 $18,436.49 $62,417.08
28 $3,212.57 $19,573.61 $42,843.46
29 $2,005.31 $20,780.87 $22,062.59
30 $723.59 $22,062.59 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Farmington, MI


1500 sqft3900 sqft
Ø selling price$290,400$617,760
Ø fast selling$264,000$555,985
Ø high price sale$316,800$679,536

In 2026, houses in Farmington, MI will be offered at an average price of $160 per square foot. A 1,500 sqft home priced at $290,400 is 20.91% more expensive per square foot than a 3,900 sqft home priced at $617,760. Home prices in Farmington, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $427,681. Sellers who can wait longer may achieve a higher price of up to $522,721.


Farmington, MI City Guide

Overview

Farmington, Michigan, in Oakland County, is a charming small city known for its walkable downtown and community spirit.
Visitors love the historic Downtown Farmington district, anchored by the vintage Farmington Civic Theater and locally owned restaurants.

Things to Do

Outdoor enthusiasts can explore Shiawassee Park and nearby Heritage Park, offering trails, playgrounds, and seasonal events.

The city hosts year-round festivals and the popular Farmington Farmers & Artisans Market, drawing residents from across metro Detroit.

Living and Access

Families choose Farmington for highly rated schools in the Farmington Public Schools district and a strong focus on enrichment programs.

Housing options range from historic homes to updated condos, making Farmington real estate attractive to first-time buyers and downsizers alike.

Commuters appreciate quick access to I?696, M?5, and I?275, putting jobs and entertainment in greater Detroit within easy reach.

Business and Dining

Local businesses thrive with supportive city policies, co-working spaces, and a customer base that values shop-local culture.

Dining in Farmington spans cozy cafes, global cuisine, and craft beverages, perfect for a date night after a movie at the Civic Theater.

Why Farmington

Whether you are relocating, visiting, or investing, Farmington, MI offers a balanced lifestyle with small-town warmth and big-city convenience.



FAQ – Home Values in Farmington

What is the median home value in Farmington in 2026?

In 2026, the typical home value in Farmington is about $316,712 for an average home size of 1984 square feet. This corresponds to an average price of roughly $160 per square foot.

What is the average cost per square foot in Farmington?

In 2026, homes in Farmington sell for an average of around $160 per square foot, with a typical range between $141 and $177 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Farmington is about 1984 square feet, with an estimated 2026 value around $316,712.



Locations close to Farmington, MI

Pontiac, MI94 $ / ft²
Clarkston, MI137 $ / ft²
Davisburg, MI224 $ / ft²
Waterford, MI145 $ / ft²
Auburn Hills, MI125 $ / ft²
West Bloomfield, MI270 $ / ft²
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