Property Prices in Farmington Hills, MI, United States
| Index |  |
|---|---|
| Price to Income Ratio: | 2.01 |
| Mortgage as Percentage of Income: | 18.24% |
| Loan Affordability Index: | 5.48 |
| Price to Rent Ratio - City Centre: | 8.95 |
| Price to Rent Ratio - Outside of Centre: | 4.87 |
| Gross Rental Yield (City Centre): | 11.18% |
| Gross Rental Yield (Outside of Centre): | 20.52% |
Your contribution can make a real impact on our data quality.
Do you live in Farmington Hills, MI? Add data for Farmington Hills, MI
Also, consider looking into aggregate data for Average in United States
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,466.67 $ | |
| Apartment (1 bedroom) Outside of Centre | 1,616.67 $ | |
| Apartment (3 bedrooms) in City Centre | 2,750.00 $ | |
| Apartment (3 bedrooms) Outside of Centre | 2,800.00 $ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 271.00 $ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 157.00 $ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 5,739.00 $ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.70 |
These data are based on 17 entries in the past 18 months from 4 different contributors.
Last update: December 2024
Sources and References
Sign Up for Our Newsletter:
Nearby cities:| Property Prices in Novi, Michigan | 8.83 miles |
| Property Prices in Southfield, Michigan | 10.07 miles |
| Property Prices in Huntington Woods, Michigan | 12.78 miles |
| Property Prices in Wixom, Michigan | 13.24 miles |
| Property Prices in Plymouth, Michigan | 16.71 miles |
| Property Prices in White Lake Township, Michigan | 22.19 miles |
| Property Prices in Detroit, Michigan | 25.18 miles |
| Property Prices in Troy, Michigan | 26.27 miles |
| Property Prices in Rochester, Michigan | 29.85 miles |
| Property Prices in Wyandotte, Michigan | 30.68 miles |
This page in other languages:
Leave a comment:0 Comments so far