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48331, Farmington, MI Housing Market

Hyperlocal market intelligence for ZIP code 48331 in MI. Located in Oakland County, MI. Part of the Detroit, MI metro area.

PropertyIQ Score

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48331, Farmington, MI market data

PropertyIQ Score 53F
Median Price
$467K
Rent (ZORI)
$2K
Median DOM
25 days
YoY
+6.8%
What drives the score
Home value YoY: +6.8%3-mo momentum: +1.1%Days on market: 25 daysPrice-reduced share: +14.6%
Data through Jun 2026 · Source: Zillow, Realtor.com

48331, Farmington, MI Housing Market Overview

ZIP code 48331's median home value is $467K, up 6.8% over the past year. Homes here sell in a median 25 days. Its PropertyIQ Score of 53 sits right around the state average of 50.

The 48331, Farmington, MI housing market operates at a level of granularity that broader geographic analyses miss entirely. PropertyIQ's ZIP-level scoring for 48331 captures neighborhood-specific demand patterns within MI, revealing micro-market trends that metro and county data average away. This hyperlocal intelligence is critical for making precise investment and homebuying decisions.

Midwestern ZIP codes frequently offer entry prices far below national medians, but performance varies dramatically even within the same city. PropertyIQ scores individual ZIP codes to identify which neighborhoods show the demand signals — fast sales, rising price momentum, few price cuts — that predict near-term appreciation. Within the Midwest, ZIP code 48331's PropertyIQ Score of 53 tracks near the Midwest norm.

PropertyIQ distills four housing signals into a single 1 to 99 score for 48331, Farmington, MI at the most granular geography available: Zillow twelve-month and three-month home-value momentum, Realtor.com median days on market, and the Realtor.com price-reduced share. It is not a generic market-health grade; it is a validated predictor of which ZIP codes are positioned to outperform their state. The ZIP-level view often tells a different story than the broader county or metro score.

Explore 48331, Farmington, MI's full market profile including ZIP-level score trends, home value data, and comparisons with neighboring ZIP codes. Use the interactive map to visualize demand signals across the area and identify hyperlocal investment opportunities.

48331, Farmington, MI is located in Oakland County, MI.

This ZIP code is part of the Detroit, MI metro area.

Market data through June 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.