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AREA INFORMATION

Farmington, MI

Explore the real estate in Farmington, MI

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Area Highlights

Farmington, MI residents have a median age of 37.5 years old, with employment highest in the administrative support and sales industries.

11,441 Population

5,256 Households

$85,496 /yr
Median Household Income

$297,500
Median Home Sale Price

18m Median Commute Time

Most people in this area drive to work.

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Median Age

Median age is the age that divides a population into two numerically equally sized groups; that is, half the people are younger than this age and half are older. It is a single index that summarizes the age distribution of a population.

LEGEND

  • 61+ years old
  • 51 to 60 years old
  • 41 to 50 years old
  • 31 to 40 years old
  • 21 to 30 years old
  • 11 to 20 years old
  • 0 to 10 years old

Median Home Price

The median sale price measures the “middle” price of homes that sold, meaning that half of the homes sold for a higher price and half sold for less.

LEGEND

  • $2,000,000+
  • $1,000,000 to $2,000,000
  • $800,000 to $1,000,000
  • $600,000 to $800,000
  • $400,000 to $600,000
  • $200,000 to $400,000
  • $0 to $200,000

Median Household Income

The median household income is the income amount that divides a population into two equal groups, half having a household income above that amount, and half having a household income below that amount.

LEGEND

  • $500,000+ per year
  • $250,000 to $500,000 per year
  • $150,000 to $250,000 per year
  • $100,000 to $150,000 per year
  • $75,000 to $100,000 per year
  • $50,000 to $75,000 per year
  • $0 to $50,000 per year

Family & Education

37.5 Median Age

Average Household Size

2.2
persons per
household

45.9%

Married Households

Community Population By Education

Bachelors Degree 37%
Graduate Degree 23%
Some College 18%
High School Graduate 12%
Associates Degree 8%
Some High School 2%

Household Family Expenses vs National Average

23.3% of households have children

Economics

$85,496 /yr
Median Household Income
$297,500
Median Sales Price
18 min
Median Commute Time

Household Expenses vs National Average

Household by Income

Transportation to Work

  • Drive 62%
  • Work from Home 35%
  • Walk or Bike 2%
  • Public Transit 1%

Occupancy by Type

Owned 3,223 59%
Rented 2,033 37%
Vacant 195 4%

White vs Blue Collar Jobs







White Collar 87%
Blue Collar 13%

Employment

Employees by Industry

Employees by Occupation

Demographics

Community Population By Age

Community Population By Ethnicity

White 60%
Asian 23%
Black 10%
Hispanic 3%
Other <1%
Native American <1%

Crime & Pollution

Crime vs National Average

Pollution vs National Average

Weather

83° July
Hottest Average Month
16° January
Coldest Average Month

Severe Weather

Average Temperature by Month

Low (°F)
High (°F)
Jan
16°
31°
Feb
17°
33°
Mar
25°
44°
Apr
36°
58°
May
47°
70°
Jun
56°
79°
Jul
60°
83°
Aug
59°
81°
Sep
52°
74°
Oct
41°
62°
Nov
31°
47°
Dec
21°
35°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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* Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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