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AREA INFORMATION

48334 (Farmington, MI)

Explore the real estate in 48334 (Farmington, MI)

Area Highlights

48334 (Farmington, MI) residents have a median age of 46 years old, with employment highest in the administrative support and sales industries.

18,719 Population

7,881 Households

$96,797 /yr
Median Household Income

$320,000
Median Home Sale Price

22m 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 Median Age

Average Household Size

2.3
persons per
household

45%

Married Households

Community Population By Education

Bachelors Degree 30%
Graduate Degree 27%
Some College 17%
High School Graduate 15%
Associates Degree 7%
Some High School 5%
Of the total people surveyed, the most prevalent educational attainment level is Bachelors Degree, representing 29.99% 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)
25.3% of households have children

Economics

$96,797 /yr
Median Household Income
$320,000
Median Sales Price
22 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 $50-74,999k representing 13.96% of the households.

Transportation to Work

  • Drive 81%
  • Work from Home 17%
  • Walk or Bike 2%
  • Public Transit 0%

Occupancy by Type

Owned 5,194 62%
Rented 2,687 32%
Vacant 551 7%

White vs Blue Collar Jobs







White Collar 86%
Blue Collar 14%

Employment

Employees by Industry

Employees by Occupation

Demographics

Community Population By Age

The median age for this area is 46 years old. The smallest percentage group is 65-74 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 59%
Black 23%
Asian 11%
Hispanic 3%
Other 1%
Native American <1%
The most prevalent ethnicity is White at 59%, followed by Black at 23%, Asian at 11%, 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°
31°
Feb
17°
33°
Mar
25°
44°
Apr
36°
58°
May
47°
70°
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

$349,000
For sale
3.29 acres

27150 Orchard Lake
Farmington Hills, MI 48334

$300,000
For sale
5 beds • 2 baths • 2 half baths • 3,247 sqft

28405 Danvers
Farmington Hills, MI 48334

$440,000
For sale
4 beds • 2 baths • 1 half baths • 2,991 sqft

26650 Power Road
Farmington Hills, MI 48334

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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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