Rent to own Homes in Farmington Hills, MI

Farmington Hills, Michigan, is a large, affluent northwest suburb of Detroit in highly regarded Oakland County. More than 79,000 people call Farmington Hills home. Contrary to what some mistakenly assume, Farmington and Farmington Hills are completely separate cities with their own services. Farmington Hills is a 33 square mile oasis that feels like a completely different world when compared to the struggling city of Detroit. Residents of this city enjoy a high quality of life, including safe, clean streets, good schools and easy access to cultural events in Detroit and Ann Arbor.

Farmington Hills, MI is a great place for affordable rent-to-own homes! With a median household income of over $85,152 and a median rent of $1,211, the Farmington Hills, MI rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Farmington Hills, MI. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Farmington Hills, MI rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
42260 FIVE MILE RD
Rent To Own
 
Single Family Home
Plymouth, MI 48170
4
3
2414 ft2
2014
7274 Lamphere St
Rent To Own
Cody-Rouge
Single Family Home
Detroit, MI 48239
2
1
748 ft2
1949
14050 MANHATTAN ST
Rent To Own
 
Single Family Home
Oak Park, MI 48237
3
2
1061 ft2
1949
15484 NORTHLAWN ST
Rent To Own
Harmony Village
Single Family Home
Detroit, MI 48238
3
1
1243 ft2
1926
25404 HANOVER ST
Rent To Own
 
Single Family Home
Dearborn Heights, MI 48125
2
3
1344 ft2
1940
502 ALBANY ST
Rent To Own
Downtown Ferndale
Single Family Home
Ferndale, MI 48220
3
1
1150 ft2
1928
51319 GEDDES RD
Rent To Own
 
Single Family Home
Canton, MI 48188
2
1
823 ft2
1937
134 N MILFORD RD
Rent To Own
Downtown Highland
Single Family Home
Highland, MI 48357
1
2
1808 ft2
1885
204 W BRENTWOOD ST
Rent To Own
State Fair-Nolan
Single Family Home
Highland Park, MI 48203
3
1
1056 ft2
1951
45669 HARMONY LN
Rent To Own
 
Single Family Home
Van Buren Township, MI 48111
4
2
0 ft2
1966
1002 MAHAFFEY AVE
Rent To Own
 
Single Family Home
Rochester, MI 48307
3
2
1017 ft2
1958
Hot
13518 POPLAR ST
Rent To Own
 
Single Family Home
Southgate, MI 48195
2
1
660 ft2
1949
3680 ALLEN RD
Rent To Own
 
Single Family Home
Ortonville, MI 48462
4
4
4400 ft2
1991
1375 RED BARN DR
Rent To Own
 
Single Family Home
Oxford, MI 48371
3
1
2028 ft2
1966
1 of 14 525 Maloney Street
Rent To Own
 
Multifamily (2 - 4 Units)
Oxford, MI 48371
3
3
2519 ft2
1977
8685 FORD AVE
Rent To Own
Southeast Warren
Single Family Home
Warren, MI 48089
3
1
1200 ft2
1948
11092 PACKARD AVE
Rent To Own
Southeast Warren
Single Family Home
Warren, MI 48089
2
1
850 ft2
1951
20592 MAPLEWOOD ST
Rent To Own
 
Single Family Home
Riverview, MI 48193
4
3
2472 ft2
1974
13057 PROSPECT AVE
Rent To Own
Southeast Warren
Single Family Home
Warren, MI 48089
2
1
900 ft2
1952
8900 E Jefferson Ave APT 718
Rent To Own
Belle Isle
Single Family Home
Detroit, MI 48214
1
1
600 ft2
1966
4652 ALLORE RD
Rent To Own
 
Single Family Home
Newport, MI 48166
2
1
816 ft2
1950
24120 OXFORD ST
Rent To Own
 
Single Family Home
Clinton Township, MI 48036
3
3
1900 ft2
1953
970 E CLINTON ST
Rent To Own
 
Townhouse/Condo
Howell, MI 48843
2
2
1250 ft2
2020
960 E CLINTON ST
Rent To Own
 
Townhouse/Condo
Howell, MI 48843
2
2
1250 ft2
2020
950 E CLINTON ST
Rent To Own
 
Townhouse/Condo
Howell, MI 48843
2
2
1250 ft2
2020
940 E CLINTON ST
Rent To Own
 
Townhouse/Condo
Howell, MI 48843
2
2
1250 ft2
2020
930 E CLINTON ST
Rent To Own
 
Townhouse/Condo
Howell, MI 48843
3
3
1325 ft2
2020
920 E CLINTON ST
Rent To Own
 
Townhouse/Condo
Howell, MI 48843
2
2
1250 ft2
2020
2040 LAMBDEN RD
Rent To Own
City Farms
Single Family Home
Flint, MI 48532
2
1
800 ft2
1930
1442 RILEY CENTER RD
Rent To Own
 
Single Family Home
Riley, MI 48041
3
2
1853 ft2
1991
1 of 18 30594 ORCHARD LAKE RD #57
Rent To Own
 
Townhouse/Condo
Farmington Hills, MI 48334
2
2
1381 ft2
1987
29208 AUGUSTA
Rent To Own
 
Single Family Home
Farmington Hills, MI 48331
4
4
3047 ft2
1990
29435 CHELSEA XING
Rent To Own
 
Townhouse/Condo
Farmington Hills, MI 48331
3
3
2531 ft2
1995
1 of 9 34536 QUAKER VALLEY RD
Rent To Own
 
Single Family Home
Farmington Hills, MI 48331
6
6
5222 ft2
1937
1 of 26 29870 w 12 mile rd, apt 706
Rent To Own
 
Multifamily (2 - 4 Units)
Farmington Hills, MI 48334
2
2
1145 ft2
1981
1 of 8 21656 HAMILTON AVE
Rent To Own
 
Single Family Home
Farmington Hills, MI 48336
4
2
1450 ft2
1925
32080 Grand River Avenue Unit 59
Rent To Own
 
Multifamily (2 - 4 Units)
Farmington, MI 48336
2
2
1147 ft2
1978
Hot
1 of 6 30515 W 14 MILE RD #44
Rent To Own
 
Townhouse/Condo
Farmington Hills, MI 48334
1
1
816 ft2
1979
Hot
1 of 12 28454 QUAIL HOLLOW RD
Rent To Own
 
Single Family Home
Farmington Hills, MI 48331
4
2
2054 ft2
1957
1 of 36 29476 COVE CREEK LN
Rent To Own
 
Townhouse/Condo
Farmington Hills, MI 48334
3
3
1502 ft2
1989
29890 W 12 Mile Rd
Rent To Own
 
Townhouse/Condo
Farmington Hills, MI 48334
1
1
868 ft2
1981
Hot
1 of 11 23633 N ROCKLEDGE
Rent To Own
 
Townhouse/Condo
Novi, MI 48375
2
2
968 ft2
1978
7339 West Briarcliff Knoll Drive
Rent To Own
 
Multifamily (2 - 4 Units)
West Bloomfield Township, MI 48322
4
2
2259 ft2
1954
1 of 3 7320 VERONA DR
Rent To Own
 
Single Family Home
West Bloomfield, MI 48322
3
4
2980 ft2
1998
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Buying a Home in Farmington Hills, MI

Farmington Hills, MI is seeing rapid growth and Farmington Hills, MI's' housing market remains not optimal with an average home price that is 24% above the 2024 national average. Farmington Hills, MI is part of Oakland county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Oakland is 1.75% which is above the national average, which is 0.99%.

Median Home Price in Farmington Hills, MI

Median Rent in Farmington Hills, MI

Rent to own homes offer low monthly payments and flexible terms.

Top Reasons to Live in Farmington Hills MI

Housing Statistics The 2013 median home price in Farmington Hills is $236,000, quite a bit higher than the national median price of $203,500. Home prices within Farmington Hills tend to be higher in popular neighborhoods like Wood Creek Farms and Farmington Acres. A high 67 percent of homes are owner-occupied, leaving only 33 percent of the housing stock left for renters. Finding a rent to own house in Farmington Hills may be a bit of a challenge both because of the low percentage of renters and the lower than average vacancy rate of a little more than 5 percent. However, even though finding a rental home may take a little bit of leg work, you should be able to find just the right place if you have patience and persistence.

Nightlife Part of the appeal of Farmington Hills is that it's the place to escape from the fast pace of the big city; it's where you go for peace and quiet. As a result, there isn't much in the way of nightlife right in Farmington Hills. Nightlife options in Farmington Hills are more casual and low-key, like pubs and sports bars. Scores Sports Bar & Grill and the Farmington Pub and Grill are two local favorite places to hang out after hours.

Arts and Culture Farmington Hills residents value culture and the arts. The city has several events throughout the year to bring a bit of culture close to home. Art on the Grand is a free outdoor exhibition of artists in downtown every June. The Cultural Concert Series is a series of performances, including free summer concerts, by diverse groups including Detroit Chamber Winds and Strings, the Michigan Opera Theatre, and Three Men and a Tenor. In addition, Farmington Hills is the site of the Holocaust Memorial Center, which aims to educate the public about the Holocaust and is the only such memorial in the state of Michigan.

Neighborhoods There's no such thing as a bad neighborhood anywhere in Farmington Hills. However, some of the most popular communities within the city include Farmington Acres, Wood Creek Farms, Tanglewood Dr. at 14 Mile, and Stableview Dr. at Surrey Ln. As each neighborhood is relatively small, no matter where you live you'll be within walking distance (weather permitting!) of all the city has to offer. For example, you could head from your place on Northwestern all the way to Marvin's Marvelous Mechanical Museum on Orchard Lake Road, and still be a 5 minute walk from 14 Mile.