Rent to own Homes in Farmington Hills, MI
Farmington Hills, Michigan, is a large, affluent northwest suburb of Detroit in highly regarded Oakland County. More than 79,000 people call Farmington Hills home. Contrary to what some mistakenly assume, Farmington and Farmington Hills are completely separate cities with their own services. Farmington Hills is a 33 square mile oasis that feels like a completely different world when compared to the struggling city of Detroit. Residents of this city enjoy a high quality of life, including safe, clean streets, good schools and easy access to cultural events in Detroit and Ann Arbor.
Farmington Hills, MI is a great place for affordable rent-to-own homes! With a median household income of over $85,152 and a median rent of $1,211, the Farmington Hills, MI rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Farmington Hills, MI. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Farmington Hills, MI Property Resources
Rent to own Homes in Cities Near Farmington Hills, MI
- Ann Arbor
- Belleville
- Berkley
- Bingham Farms
- Birmingham
- Bloomfield Hills
- Canton
- Center Line
- Clawson
- Davisburg
- Dearborn Heights
- Ecorse
- Farmington
- Flat Rock
- Garden City
- Grosse Ile
- Hartland
- Hazel Park
- Highland
- Huntington Woods
- Keego Harbor
- Livonia
- Milford
- New Boston
- New Hudson
- Northville
- Oakland
- Plymouth
- River Rouge
- Riverview
- Romulus
- Southgate
- South Lyon
- Sylvan Lake
- Taylor
- Trenton
- Village of Clarkston
- Walled Lake
- Waterford
- Wayne
- West Bloomfield
- Westland
- White Lake
- Whitmore Lake
- Willis
- Wixom
- Wolverine Lake
- Woodhaven
- Wyandotte
- Ypsilanti
Neighborhoods in Farmington Hills, MI
No neighborhoods foundPopular Zip Codes in Farmington Hills, MI
48331 rent to own homes 48334 rent to own homes 48335 rent to own homes 48336 rent to own homesBuying a Home in Farmington Hills, MI
Farmington Hills, MI is seeing rapid growth and Farmington Hills, MI's' housing market remains not optimal with an average home price that is 24% above the 2025 national average. Farmington Hills, MI is part of Oakland county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2025 for county Oakland is 1.75% which is above the national average, which is 0.99%.
Median Home Price in Farmington Hills, MI
Median Rent in Farmington Hills, MI
Top Reasons to Live in Farmington Hills MI
Housing StatisticsThe 2013 median home price in Farmington Hills is $236,000, quite a bit higher than the national median price of $203,500. Home prices within Farmington Hills tend to be higher in popular neighborhoods like Wood Creek Farms and Farmington Acres. A high 67 percent of homes are owner-occupied, leaving only 33 percent of the housing stock left for renters. Finding a rent to own house in Farmington Hills may be a bit of a challenge both because of the low percentage of renters and the lower than average vacancy rate of a little more than 5 percent. However, even though finding a rental home may take a little bit of leg work, you should be able to find just the right place if you have patience and persistence.
NightlifePart of the appeal of Farmington Hills is that it's the place to escape from the fast pace of the big city; it's where you go for peace and quiet. As a result, there isn't much in the way of nightlife right in Farmington Hills. Nightlife options in Farmington Hills are more casual and low-key, like pubs and sports bars. Scores Sports Bar & Grill and the Farmington Pub and Grill are two local favorite places to hang out after hours.
Arts and CultureFarmington Hills residents value culture and the arts. The city has several events throughout the year to bring a bit of culture close to home. Art on the Grand is a free outdoor exhibition of artists in downtown every June. The Cultural Concert Series is a series of performances, including free summer concerts, by diverse groups including Detroit Chamber Winds and Strings, the Michigan Opera Theatre, and Three Men and a Tenor. In addition, Farmington Hills is the site of the Holocaust Memorial Center, which aims to educate the public about the Holocaust and is the only such memorial in the state of Michigan.
NeighborhoodsThere's no such thing as a bad neighborhood anywhere in Farmington Hills. However, some of the most popular communities within the city include Farmington Acres, Wood Creek Farms, Tanglewood Dr. at 14 Mile, and Stableview Dr. at Surrey Ln. As each neighborhood is relatively small, no matter where you live you'll be within walking distance (weather permitting!) of all the city has to offer. For example, you could head from your place on Northwestern all the way to Marvin's Marvelous Mechanical Museum on Orchard Lake Road, and still be a 5 minute walk from 14 Mile.
