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Farmington Michigan Real Estate By Jennifer Hershey

Farmington Michigan Real Estate

Farmington, Michigan, is located in Oakland County, 0 miles 0 of Farmington Hills, Michigan and 17 miles NW of Detroit, Michigan. Farmington has a population of 10,423.

Farmington Homes

Farmington properties pool is 4,825 residential properties including Farmington new homes. Median age of real estate in Farmington is 1965. Average Household size is 2.86 people. 5% are one bedroom homes, 18% are 2 bedroom homes, 52% are 3 bedroom homes, 22% are 4 bedroom homes, and 2% are 5+ bedroom homes.

Farmington Mortgage Statistics

Farmington mortgages vs. USA median statistics

Homes Farmington USA
Homes With No Mortgage 27%
30%
Homes With Mortgage 73%
70%
First Mortgage Only 58%
54%
First & Second Mortgage or HELOC 15%
16%

Farmington Area Real Estate Tax

Farmington Real estate Tax: Median Real Estate Taxes (2000) were $3,145 comparing to 1999 Median Family income $ 75,578. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).

Farmington School District: Children make up 20% of Farmington population. Farmington has 2,088 under 18 years old residents, or 0.4 kids per one worker, or 0.43 kids per one household.

Farmington Real Estate & Farmington Homeownership

There are 1833.5 or 38% one person households, 1544 or 32% two person households, and 675.5 or 14% three person households in Farmington, Michigan. Median residents age is 40.4, Senior citizens (65+) make up 2,132 or 20.5%% of Farmington population.

There are 5,223 workers (over 16 years of age) in Farmington. Of these, 94.95% drive to work. Approximately 0.13% of workers in Farmington take public transportation. An estimated 1.19% walk to work.

Median Farmington homeowner's housing expences are 18%

Crime in Farmington (2003), crimes per 10,000 residents per year

Type of Crime Farmington USA, 2003
Violent Crimes
19.19
47.5
Robberies
1.92
14.2
Aggravated Assaults
16.31
29.5
Property Crimes
229.3
358.8
Burglaries
34.54
74.0
Larceny-Thefts
176.53
241.5
Motor Vehicle Thefts
18.23
43.3

Invest in Farmington Properties

When making a decision about buying real estate in Farmington Michigan area, you should consider following statistical data:

Category Farmington USA
Near Medium City
Farmington Hills, Michigan
-
Near Large City
Detroit, Michigan
-
Farmington Zip Codes
48331, 48334, 48335, 48336
-
Farmington Area Codes
248
-
White population
85.67%
75.1%
African-American population
2.73%
12.3%
Asian
10.08%
3.6%
American Indian & Alaskan
0.18%
0.9%
Hispanic (of any race)
1.2%
12.5%
Median Family Income (1999)
$ 75,578%
$42,000
Population Below Poverty Level
3.28%
12.4%

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