Real Estate Investing in Farmington, Michigan (48335)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 48335 (Farmington, MI)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 28.6 — hard to cash-flow at these prices.
What’s happening in Farmington, MI (48335)?
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Market Analysis: 48335 Farmington
On balance, ZIP 48335 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $432K median. It rewards specialists, not generalists.
Looking more closely, the numbers look inviting — $432K purchase price, 0.0% nominal cap — the work to hit that pro forma in 48335 is substantial and deserves full respect.
In the broader MI picture, 48335 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A notable renter share of 57% in 48335 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. impressive returns are possible in 48335, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Farmington:
Property Strategy for 48335
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $302,005 | $1,890 | 4.5% | +6.7% | $151,002 |
| 3BR | $375,009 | $2,310 | 4.4% | +6.4% | $125,003 |
| 4BR | $481,272 | $2,500 | 3.7% | +6.4% | $120,318 |
| 5BR | $533,806 | — | — | +6.7% | $106,761 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 48335 Compare?
| Metric | 48335 | Farmington | Detroit-Warren-Dearborn, MI | Michigan |
|---|---|---|---|---|
| Home Value | $431,672 | $431,672 | N/A | $253,279 |
| 5-Year CAGR | 5.0% | 5.0% | N/A | 6.8% |
| Avg Rent | $1,260 | $1,260 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 48335 (Farmington, MI). Anonymous, moderated, never written by AI.
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Property managers serving Oakland County
Manage rentals here? List your business →Symmetry Management specializes in commercial real estate management. summary from their website
Beacon Management offers property management services for various communities and properties across Michigan, including Ann Arbor, Auburn Hills, Bloomfield Hills, Canton, and Southfield. summary from their website
Great Day Realty is a real estate company. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $431,672 |
| Monthly Rent | $1,260 |
| Price-to-Rent | 28.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 Rent Trends
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 48335
Population: 24,298
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 48335
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Coolidge Elementary School
East Middle School
Forest Elementary School
Botsford Elementary School
Grandview Elementary School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 789 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Do landlords face vacancy issues in Farmington, MI?
Vacancy in Farmington, MI is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,260/mo.
Is real estate in Farmington, MI a good investment right now?
Yes - Farmington, MI a 3.0/5 investability score. With $432K home prices against $1,260/mo monthly rent, the market delivers a reasonable entry point for new investors.
Can owner-occupants cash flow in Farmington, MI?
The a challenging house-hack environment in Farmington, MI reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is MI a landlord-friendly state?
Farmington, MI falls under MI landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How strong is the working-renter base in Farmington, MI?
Working renters make up the core of the Farmington, MI tenant base. The pool is reasonable for investors targeting long-term holds.
You know 48335 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 48335 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 48335 ranks in Detroit-Warren-Dearborn, MI
Every ZIP in this metro, ranked. Free.
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