Home Insurance in Farmington Hills, Michigan
With a median home value of $354,500, Farmington Hills is close to the Oakland County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Farmington Hills was built around 1978. About 16% of homes were built before 1960, about 11 points below Oakland County's 28%.
In Farmington Hills, the housing stock is 63% single-family homes, 30% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
In Farmington Hills, about 64% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 65% of occupied homes in Farmington Hills are owner-occupied. The vacancy rate is 7%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Most homes in Farmington Hills - 86% - are primarily heated with natural gas.
FEMA rates Oakland County's overall risk as Relatively High, led by tornado (Very High). Oakland County had 1,433 active NFIP flood policies as of September 2026. See the full Oakland County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Michigan is $1,110 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $354,500 |
|---|---|
| Median year built | 1978 |
| Owner-occupied share | 65% |
| Share of owner-occupied homes with a mortgage | 64% |
| Top county hazard | Tornado (Very High) |
| Active NFIP policies in Oakland County | 1,433 |
| Home insurance premium | $1,110 - statewide average (NAIC, 2023 data) |
Nearby towns
- Bingham Farms
- Novi
- Southfield
- Walled Lake
- Northville
- Orchard Lake Village
- Wolverine Lake
- Beverly Hills
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)