Farmington Hills city: Median Gross Rent Trend
How Farmington Hills city's median gross rent 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
$1,125
2023
$1,475
Total change
+$350
% change
+31.1%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $1,125 | — |
| 2019 | $1,171 | +$46 (4.1%) |
| 2020 | $1,211 | +$40 (3.4%) |
| 2021 | $1,273 | +$62 (5.1%) |
| 2022 | $1,401 | +$128 (10.1%) |
| 2023 | $1,475 | +$74 (5.3%) |