What is the rental vacancy rate in Farmington Hills, MI?
The rental vacancy rate in Farmington Hills, MI is 10.2% (±2.4 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 0.8% (±0.6 points).
2,578 (±426) homes, 6.8% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Farmington Hills, the rental vacancy rate went from 4.6% in 2015–2019 to 10.2% in 2020–2024 (+5.6 percentage points), a measurable increase.
Figures last updated on .
- Rental vacancy rate
- 10.2% (±2.4 points)
- Homeowner vacancy rate
- 0.8% (±0.6 points)
- Vacant homes
- 2,578 (±426)
Vacancy in Farmington Hills against Oakland County, its state and the nation
| Farmington Hills | Oakland County | Michigan | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 10.2% (±2.4 points) | 7.4% (±0.6 points) | 5.1% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 0.8% (±0.6 points) | 0.4% (±0.1 points) | 0.8% (±0.1 points) | 0.9% |
| Vacant housing units | 2,578 (±426) | 30,888 (±1,757) | 545,867 (±7,991) | 14,547,859 |
The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.
In Farmington Hills, the rental vacancy rate is higher than in Oakland County (7.4%).
It is also higher than in Michigan (5.1%).
It is higher than the national figure (5.5%).
Rental vacancy rate in places near Farmington Hills
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Farmington Hills | — | 10.2% (±2.4 points) | — |
| Farmington | 1.7 mi | 8.7% (±6.5 points) | Not measurably different |
| Franklin | 4.4 mi | 0.0% (±65.4 points) | Not measurably different |
| Bingham Farms | 5.5 mi | 58.8% (±36.1 points) | Higher |
| West Bloomfield Charter Township | 5.6 mi | 10.7% (±3.9 points) | Not measurably different |
| Novi | 5.7 mi | 7.3% (±2.6 points) | Not measurably different |
| Novi Township | 5.8 mi | 0.0% (±100.0 points) | Not measurably different |
| Southfield | 6.0 mi | 10.8% (±2.2 points) | Not measurably different |
| Livonia | 6.1 mi | 0.7% (±0.7 points) | Lower |
Nearby places with a measurably lower figure: Livonia, MI (0.7%).
Nearby places with a measurably higher figure: Bingham Farms, MI (58.8%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Oakland County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 6 | Village of Clarkston | 13.2% (±13.3 points) |
| 7 | Madison Heights | 12.5% (±3.8 points) |
| 8 | Birmingham | 11.9% (±5.5 points) |
| 9 | Southfield | 10.8% (±2.2 points) |
| 10 | West Bloomfield Charter Township | 10.7% (±3.9 points) |
| 11 | Bloomfield Hills | 10.5% (±15.5 points) |
| 12 | Farmington Hills | 10.2% (±2.4 points) |
| 13 | Rochester | 10.1% (±6.0 points) |
| 14 | Orion Charter Township | 10.0% (±4.0 points) |
| 15 | Pleasant Ridge | 9.1% (±13.9 points) |
| 16 | Farmington | 8.7% (±6.5 points) |
| 17 (tie) | Oak Park | 8.4% (±4.2 points) |
| 17 (tie) | Royal Oak | 8.4% (±2.7 points) |
Showing 13 of 49 places in Oakland County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Farmington Hills
Is it hard to find a rental in Farmington Hills?
The rental vacancy rate in Farmington Hills, MI is 10.2% (±2.4 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.
Is the rental market in Farmington Hills tighter than it was?
In Farmington Hills, the rental vacancy rate went from 4.6% in 2015–2019 to 10.2% in 2020–2024 (+5.6 percentage points), a measurable increase.
How many homes are vacant in Farmington Hills?
An estimated 2,578 (±426) housing units, 6.8% of the total, including seasonal homes and homes waiting to be sold or rented.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Farmington Hills city, Michigan
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Farmington Hills city, Michigan
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Farmington Hills city, Michigan (place:27440, in state:26).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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