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Housing Affordability in Farmington, MI
Households that spend 30% or more of income on housing, rent and owner costs compared with income. American Community Survey 2020-2024 5-year estimates.
- Households paying 30%+ for housing
- 22.4%
- Michigan 27.4%
- Renters paying 30%+
- 24.2%
- Michigan 50.4%
- Homeowners paying 30%+
- 21.4%
- Michigan 19.6%
- Owner costs with a mortgage
- $1,862/mo
- Michigan $1,569/mo
Housing costs compared with income
- Renters paying 30% or more47324.2%
- Homeowners paying 30% or more69121.4%
- Renters paying 50% or more1326.8%
- Median rent as a share of income: 19.5%
- Median owner costs as a share of income, with a mortgage: 17.7%
- Median owner costs without a mortgage: $737/mo
- Median home value divided by median household income: 3.0
How it compares
Swipe the table sideways to see more columns.
| Area | Households paying 30%+ for housing | Renters 30%+ | Owners 30%+ | Median rent as % of income |
|---|---|---|---|---|
| Farmington, MI | 22.4% | 24.2% | 21.4% | 19.5% |
| Oakland County | 26.1% | 44.8% | 19.5% | 27.8% |
| Michigan | 27.4% | 50.4% | 19.6% | 30.2% |
| United States | 32.2% | 51.1% | 22.7% | 30.6% |
Frequently asked questions
- What is the housing cost burden in Farmington, MI?
- In Farmington, MI, 22.4% of households spend 30% or more of their income on housing costs.
- How does Farmington compare with Michigan?
- The households paying 30%+ for housing in Farmington is 22.4%, compared with 27.4% for Michigan as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates