Farmington, MI Housing Market

$326,929

3.5% 1-yr

The average Farmington, MI home value is $326,929, up 3.5% over the past year. (Updated on 2/28/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Farmington Key Takeaways

Typical Home Values: $326,929

1-Year Value Change: +3.5%

(Data through February 28, 2026)

Farmington Housing Market Overview

1-Year Market Forecast: --

For Sale Inventory: 26 (March 31, 2026)

New Listings: 9 (March 31, 2026)

Median Sale to List Ratio: --

Median Sale Price: --

Median List Price: $295,133 (March 31, 2026)

Percent of Sales Over List Price: --

Percent of Sales Under List Price: --

Median Days to Pending: --

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Farmington

NameMedian ZHVI
Willow Woods$508,888
Woodbury Park$482,606
Beechwood Acres--
Parkview--
Chesterfield$141,649
Coventry Gardens$340,700
Rogers Park$149,390
SMB Estates$332,186
Five Points$80,365

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Farmington Rental Market Trends

Average Rent: $1,650 (March 31, 2026)

National Average Rent: $1,910 (March 31, 2026)

Month-Over-Month Change: --

Year-Over-Year Change: --

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.