Mortgage Lender in Farmington Hills, MI
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Northwest Farmington Hills sits inside Oakland County’s second-largest community, home to about 83,150 residents. This is an affluent, well-educated corner of metro Detroit where larger lots and newer subdivisions push values above the citywide line. It is also a serious jobs center: more than 3,500 businesses operate here, including the U.S. headquarters of Bosch, Mercedes-Benz Financial Services, TD Auto Finance, and Nissan’s North American technical center. Families are drawn by the 211-acre Heritage Park, with its 4.5 miles of trails and roughly 750,000 visitors a year, plus the Holocaust Memorial Center and The Hawk community center. With a median household income near $104,836, buyers here tend to be dual-income professionals competing for a limited supply of move-up homes.
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Citywide the average home value runs about $385,000, up 2.3% year over year as of spring 2026. But 48331 is the higher end of town: listings and sales here commonly fall in the $400,000-$470,000 range thanks to bigger lots and newer construction. The market is brisk. Redfin shows a median of roughly 15-17 days on market, and a sharply priced home can go pending in as few as 6 days, frequently with multiple offers. Demand is driven by the schools, the parks, the corporate employer base, and an easy commute to both Detroit and the Southfield office corridor.
The median sale price in ZIP 48334 sits around $368,000 per Redfin, up about 11.9% year over year, one of the steeper jumps in Metro Detroit. Citywide, Zillow pegs the average Farmington Hills home value near $385,000, up a more modest 2.3%. Speed is the real story: homes here are going under contract in roughly 11 days, down from 16 a year ago, and the broader city market scores around 88/100 for competitiveness. Demand is driven by the cluster of corporate employers, top-tier Farmington Public Schools, and easy I-696/M-10 access. Move-in-ready listings routinely draw multiple offers.
The typical Farmington Hills home runs about $385,000 as of mid-2026, with 48335 listings clustering in the $375K-$390K band; recent sold-price data has hovered closer to $350K-$385K depending on the source (Zillow shows ZHVI up roughly +2.3% year over year, while Redfin recorded city sale prices off about 1.5% over three months). Speed is the real story: homes in 48335 are averaging around 12 days on market in 2026 (about 17 days city-wide), and well-priced listings can go pending in under a week. Limited inventory, proximity to major automotive and finance employers, and respected schools keep this a competitive seller’s market.
Within 48336 the typical home value sits around $300,000, Zillow pegs the ZIP average near $297,000, the most affordable of the city’s ZIPs, while the broader Farmington Hills median runs roughly $350,000-$385,000. Values are up about 2.3% year-over-year city-wide, with sources mixed between flat and slightly higher depending on the window. Speed is the headline: Farmington Hills homes average about 15-17 days on market, and well-priced 48336 listings can go under contract in as few as 6 days. Redfin scores the market near 88/100 for competitiveness. The mix of strong local employers, quick freeway access, and relative affordability versus the rest of the city keeps inventory moving fast.
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Farmington Hills Real Estate & Mortgage Overview
To comfortably carry the ~$385K median home with 20% down at current rates, plan on a household income near $110,000-$120,000, which keeps PITI around $2,700/month at a 28% front-end ratio. Property taxes matter here: the effective rate is roughly 1.64% with a median annual bill near $4,564. Michigan caps taxable-value growth while you own, but the bill uncaps after a sale, so budget off a percentage of your purchase price rather than the seller’s old tax line. First-time buyers should look at MSHDA down payment assistance and MI Home Loan products. At this price point most purchases stay within conforming limits, but the upper Ramblewood and Fairways homes can edge into jumbo territory.
What it's Like to Live in Farmington Hills
48331 spans a real mix of price points. Ramblewood is a gated community east of Halsted between 13 and 14 Mile, about 262 mostly-colonial 4-5 bedroom homes, typically $400K-$600K+. The Fairways of Farmington Hills is a golf-course community where homes back to or overlook the course, roughly $400K-$650K. Hunter’s Pointe is an established single-family subdivision in the $350K-$550K range. For lower entry points, Saratoga Farms offers 3-bed ranch-style condos with attached garages and basements around $300K-$360K, and Crosswinds is a popular condo/townhome community at $300K-$450K. Most of the ZIP is served by Farmington Public Schools, with much of 48331 feeding North Farmington High School (confirm your street’s assignment, the district is not open-enrollment). Downtown Detroit is about 22-24 miles, a 28-35 minute drive via I-696 and M-10 (the Lodge).
48334 is a patchwork of established subdivisions and low-maintenance condo communities, almost all served by Farmington Public Schools (North Farmington High among them); a small far-western sliver falls in Walled Lake Consolidated Schools, so confirm the boundary by address.
- Kendallwood (~$250,000-$475,000), a large established subdivision of roughly 824 mid-century colonials, ranches, and tri-levels north of 12 Mile, west of Orchard Lake Road.
- Tanglewood (~$300,000-$550,000), desirable single-family homes in the 14 Mile/Drake corridor near the golf-course district.
- Colony Park (~$275,000-$450,000), mid-century to 1970s colonials in the city’s eastern section.
- Ramblewood Lake Estates (~$200,000-$350,000), condos popular with downsizers wanting lower maintenance.
- Independence Green (~$150,000-$300,000), established condos and townhomes near 13-14 Mile, a solid first-buyer entry point.
Downtown Detroit is about 22 miles out, a 28-35 minute drive via I-696 and M-10 (the Lodge) off-peak.
- Normandy Hills (~$350K-$500K): a 117-home subdivision off Farmington Road north of Grand River, inside 48335; mostly ranches with some colonials, contemporaries, and split-levels.
- Ramblewood / Ramble Hills (~$350K-$550K): established mid-century subdivisions on the western side of the city.
- Strathmore (~$400K-$650K): a popular family enclave known for larger lots and colonials.
- Trillium (~$450K-$700K): newer-build homes commanding the area’s higher prices.
- Old Homestead (~$350K-$525K): a long-established neighborhood in the Farmington/Farmington Hills core.
Children across 48335 attend the Farmington Public School District (about 16-17 schools, many above the state average), with Gill, Hillside, and Longacre elementaries inside the ZIP. Downtown Detroit is roughly 23 miles out, a 28-35 minute drive via M-10 (the Lodge) or I-696 to I-75 outside rush hour, or about 45 minutes on the SMART bus.
48336’s appeal is its established subdivisions, each with its own character:
- Farmington Square (~$250,000-$340,000): an established single-family subdivision popular with first-time and move-up buyers.
- Strathmore (~$280,000-$400,000): well-regarded brick colonials and ranches in eastern Farmington Hills.
- Old Homestead (~$300,000-$425,000): a mature, tree-lined neighborhood near the Farmington/Grand River corridor.
- Trillium (~$300,000-$450,000): a sought-after subdivision with larger lots and updated homes.
- Downtown Farmington / Grand River corridor (~$220,000-$350,000): older homes and condos within walking distance of downtown shops and the farmers market.
Children here attend Farmington Public Schools (~9,150 students), including North Farmington and Farmington high schools, with district offices on Shiawassee Rd in 48336. Downtown Detroit is about 23 miles away, roughly 28-35 minutes via I-696 and M-10 (the Lodge), or about 45 minutes by SMART bus.
Farmington Hills covers residential ZIP codes 48331, 48334, 48335 and 48336.
The Process
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- Explore Your Loan Options - We take the time to explain the different mortgage programs you qualify for, including fees, taxes, and insurance.
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- Expert Representation - Agent compensation is agreed in writing before you start touring, so you know that cost up front and can build it into your offer.
- Seamless Home Research - We’ll connect you with a trusted agent to make your homebuying journey as smooth as possible.
- The Fun Begins - Shopping for your new home is an exciting experience-picture your future, explore possibilities, and find the perfect fit for your family.
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- Strategic Offer Support -We collaborate with your agent to ensure your offer is as strong as possible.
- Fast & Efficient Closing - Once your offer is accepted, we work to close your mortgage in less than two weeks.
- Move Into Your Dream Home - Before you know it, the keys are in your hand and you’re settling in!
Farmington Hills Mortgage FAQ's
What is the median home price in Farmington Hills 48331?
Citywide the average home value is about $385,000 (spring 2026, up 2.3% year over year). The 48331 ZIP in the northwest part of the city tends to run higher, with listings and sales commonly falling in the $400,000-$470,000 range because of larger lots and newer subdivisions like Ramblewood and the Fairways. Entry points exist too: Saratoga Farms condos start around $320,000.
How much do homes cost in Farmington Hills ZIP 48334?
As of mid-2026, the median sale price in the 48334 ZIP code is around $368,000 per Redfin, up roughly 11.9% year over year. Citywide, the average Farmington Hills home value is about $385,000 (Zillow). Most established 48334 subdivisions trade between the high-$200,000s and mid-$500,000s depending on size, updates and street.
How fast are homes selling in 48335?
Very fast. Homes in the 48335 ZIP have been averaging around 12 days on market in 2026 (about 17 days city-wide), and well-priced listings can go under contract in under a week. It remains a competitive seller’s market with limited inventory, so getting pre-approved before you shop matters.
What are the property taxes like in 48336?
48336 actually carries the lowest effective property tax rate among Farmington Hills ZIPs at about 1.54% of value, versus an Oakland County average near 1.23%. The total homestead millage was roughly 43.18 mills, covering city, county, schools, library, transit, the zoo, and the DIA art millage.
How competitive is the 48334 housing market right now?
Very competitive. Homes in 48334 are selling in about 11 days on average, down from 16 days a year earlier, and the broader Farmington Hills market scores around 88/100 for competitiveness. Well-priced, move-in-ready homes often see multiple offers, so buyers should be pre-approved before touring.
What income do I need to buy a median-priced home here?
Plan on roughly $105,000-$120,000 in household income to comfortably afford the ~$385,000 median, assuming about 20% down and current rates near 7%, that’s a monthly payment in the $2,500-$2,600 range including taxes and insurance. The local median household income is about $104,800, so the median home is within reach for typical dual-income households. Putting less down raises the income you’ll need.
What's the commute from Farmington Hills to downtown Detroit?
Downtown Detroit is about 23 miles away, a roughly 28-35 minute drive via M-10 (the Lodge Freeway) or I-696 to I-75 outside of rush hour. SMART regional buses are available for those who prefer transit, running about 45 minutes. The city’s freeway access and proximity to major employers make it a popular choice for Detroit-area commuters.
Which school district serves 48336?
Farmington Public Schools serves the 48336 area and most of Farmington Hills. The district enrolls about 9,150 students and includes North Farmington and Farmington high schools, three middle schools, nine elementary schools, and a K-8 STEAM school. Its administrative offices are on Shiawassee Rd in 48336.
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