Farmington Hills city: Homeownership Rate Trend
How Farmington Hills city's homeownership rate changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
61.8%
2023
64.0%
Total change
+2.2 pp
% change
+3.6%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 61.8% | — |
| 2019 | 62.6% | +0.8 pp (1.3%) |
| 2020 | 62.0% | -0.6 pp (-1%) |
| 2021 | 63.8% | +1.8 pp (2.9%) |
| 2022 | 64.3% | +0.5 pp (0.8%) |
| 2023 | 64.0% | -0.3 pp (-0.5%) |