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AREA INFORMATION

48331 (Farmington, MI)

Explore the real estate in 48331 (Farmington, MI)

Area Highlights

48331 (Farmington, MI) residents have a median age of 46.3 years old, with employment highest in the administrative support and production occupations industries.

21,581 Population

8,466 Households

$124,371 /yr
Median Household Income

$440,750
Median Home Sale Price

23m Median Commute Time

Most people in this area drive to work.

Area Map

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Median Age

Median age is the age that divides a population into two numerically equally sized groups; that is, half the people are younger than this age and half are older. It is a single index that summarizes the age distribution of a population.

LEGEND

  • 61+ years old
  • 51 to 60 years old
  • 41 to 50 years old
  • 31 to 40 years old
  • 21 to 30 years old
  • 11 to 20 years old
  • 0 to 10 years old

Median Home Price

The median sale price measures the “middle” price of homes that sold, meaning that half of the homes sold for a higher price and half sold for less.

LEGEND

  • $2,000,000+
  • $1,000,000 to $2,000,000
  • $800,000 to $1,000,000
  • $600,000 to $800,000
  • $400,000 to $600,000
  • $200,000 to $400,000
  • $0 to $200,000

Median Household Income

The median household income is the income amount that divides a population into two equal groups, half having a household income above that amount, and half having a household income below that amount.

LEGEND

  • $500,000+ per year
  • $250,000 to $500,000 per year
  • $150,000 to $250,000 per year
  • $100,000 to $150,000 per year
  • $75,000 to $100,000 per year
  • $50,000 to $75,000 per year
  • $0 to $50,000 per year

Family & Education

46.3 Median Age

Average Household Size

2.5
persons per
household

59%

Married Households

Community Population By Education

Bachelors Degree 34%
Graduate Degree 34%
Some College 11%
High School Graduate 9%
Associates Degree 9%
Some High School 3%
Of the total people surveyed, the most prevalent educational attainment level is Bachelors Degree, representing 34.48% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
24.2% of households have children

Area Schools

PK
1 MILES
Novi Northville Montessori Center
KG-4
1.5 MILES
A-
Forest Elementary School

Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.

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Economics

$124,371 /yr
Median Household Income
$440,750
Median Sales Price
23 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is Over $200k representing 20.6% of the households.

Transportation to Work

  • Drive 85%
  • Work from Home 14%
  • Walk or Bike 1%
  • Public Transit 0%

Occupancy by Type

Owned 6,519 74%
Rented 1,947 22%
Vacant 373 4%

White vs Blue Collar Jobs







White Collar 92%
Blue Collar 8%

Employment

Employees by Industry

Employees by Occupation

Demographics

Community Population By Age

The median age for this area is 46.3 years old. The smallest percentage group is 55-64 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 65%
Black 15%
Asian 14%
Hispanic 3%
Other <1%
Native American <1%
The most prevalent ethnicity is White at 65%, followed by Black at 15%, Asian at 14%, and Hispanic at 3%.

Crime & Pollution

Crime vs National Average

This location’s average annual crime rates compared to the national average. Index score (100=National Average)

Pollution vs National Average

This location’s average annual pollution rates compared to the national average. Index score (100=National Average)

Weather

83° July
Hottest Average Month
16° January
Coldest Average Month

Severe Weather

This location’s average annual severe weather events compared to the national average. Index score (100=National Average)

Average Temperature by Month

Low (°F)
High (°F)
Jan
16°
30°
Feb
17°
33°
Mar
25°
43°
Apr
36°
57°
May
47°
69°
Jun
56°
79°
Jul
60°
83°
Aug
59°
81°
Sep
52°
74°
Oct
41°
62°
Nov
31°
47°
Dec
21°
34°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

Listings in the Area

$314,900
For sale
4 beds • 2 baths • 1 half baths • 2,386 sqft

31009 Heritage Hills Drive
Farmington Hills, MI 48331

$200,000
For sale
2 beds • 2 baths • 1,077 sqft

29445 LAUREL Drive 4
Farmington Hills, MI 48331

$575,000
For sale
4 beds • 2 baths • 1 half baths • 4,190 sqft

31056 Applewood Lane
Farmington Hills, MI 48331

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Data powered by Attom Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.

* Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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