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House hunters in Farmington Hills will find an estimated 33,559 individual houses, condominiums, and apartments. Approximately 67% of housing in the city is owner-occupied.
At least 79% of home owners in Farmington Hills are making mortgage payments. Like 18% of homeowners in the city, you might also use your home's equity with a second mortgage or home equity loan.
Mortgage and interest rate quotes for the Farmington Hills area (or anywhere else you choose in the US) are available, without obligation or credit checks:
| Category | Value |
|---|---|
| Homes With No Mortgage | 21% |
| With A Mortgage | 79% |
| First Mortgage Only | 60% |
| Second Mortgage or Home Equity Loan | 18% |
| Second Mortgage Only | 4% |
| Home Equity Loan Only | 14% |
| Category | Value |
|---|---|
| Owner Costs as % of Income | 18.3% |
| Median Real Estate Taxes (2000) | $3,673 |
| Category | Value |
|---|---|
| Total Occupied | 33,559 |
| 1-Person Households | 30% |
| 2-Person Households | 34% |
| 3-Person Households | 15% |
| 4-Person Households | 14% |
| 5-Person Households | 6% |
| 6-Person Households | 1% |
| 7+-Person Households | 1% |
| Category | Value |
|---|---|
| Median Year Built | 1976 |
| Median Year Built (Owner Occupied) | 1974 |
| Median Year Built (Renter Occupied) | 1979 |
| Category | Value |
|---|---|
| Using Utility Co. Gas Heat | 95% |
| Using Bottled/Tank Gas Heat | 0% |
| Using Electric Heat | 4% |
| Using Oil Heat | 0% |
| Using Coal | 0% |
| Using Wood Heating | 0% |
| Using Solar Heat | 0% |
| Other Heating | 0% |
| No Heating | 0% |
| Category | Value |
|---|---|
| No Bedrooms | 0% |
| 1 Bedroom | 2% |
| 2 Bedrooms | 16% |
| 3 Bedrooms | 38% |
| 4 Bedrooms | 39% |
| 5+ Bedrooms | 4% |
Rate quotes from multiple lenders for the Farmington Hills area:
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Moving Traffic, Inc., operator of CityTownInfo.com, is not a broker or a lender, and all offers for loans or mortgages found on this site are made solely by the advertiser.