{
  "schema_version": "1.0",
  "submarket": {
    "slug": "farmington-hills-novi-mi",
    "name": "Farmington Hills / Novi",
    "state": "MI",
    "city": "FARMINGTON HILLS",
    "cbsa": "Detroit-Warren-Dearborn",
    "zip_codes": [
      "48331",
      "48334",
      "48374",
      "48375"
    ]
  },
  "report": {
    "yearmonth": "202604",
    "month_label": "April 2026",
    "first_published_at": "2026-04-20T00:52:00.257Z",
    "last_updated_at": "2026-06-02T13:08:15.119Z"
  },
  "rents": {
    "apartment": {
      "1br": {
        "median": 1330,
        "low": 1277,
        "high": 1383,
        "mom_pct": -1.9530952380952382,
        "yoy_pct": 4.618214285714286
      },
      "2br": {
        "median": 1620,
        "low": 1539,
        "high": 1701,
        "mom_pct": -1.8129962546816478,
        "yoy_pct": 3.293520599250936
      },
      "3br": {
        "median": 1983,
        "low": 1897,
        "high": 2076,
        "mom_pct": -0.042413793103448276,
        "yoy_pct": 3.8220689655172415
      },
      "4br": {
        "median": 2132,
        "low": 2093,
        "high": 2200,
        "mom_pct": 0.42,
        "yoy_pct": 4.872142857142857
      }
    },
    "condo_townhome": {
      "1br": {
        "median": 1305,
        "low": 1276,
        "high": 1334,
        "mom_pct": -1.0477777777777777,
        "yoy_pct": 3.372777777777778
      },
      "2br": {
        "median": 1809,
        "low": 1746,
        "high": 1872,
        "mom_pct": 4.140714285714286,
        "yoy_pct": 7.60392857142857
      },
      "3br": {
        "median": 2179,
        "low": 2109,
        "high": 2248,
        "mom_pct": -1.2535294117647058,
        "yoy_pct": 3.2211764705882353
      },
      "4br": {
        "median": 2363,
        "low": 2294,
        "high": 2438,
        "mom_pct": 0.7225,
        "yoy_pct": 3.9075
      }
    },
    "single_family": {
      "1br": {
        "median": 1265,
        "low": 1250,
        "high": 1293,
        "mom_pct": 0.8000000000000002,
        "yoy_pct": 5.15
      },
      "2br": {
        "median": 1613,
        "low": 1566,
        "high": 1665,
        "mom_pct": 2.2476923076923074,
        "yoy_pct": 5.873076923076923
      },
      "3br": {
        "median": 2142,
        "low": 2067,
        "high": 2217,
        "mom_pct": 2.154210526315789,
        "yoy_pct": 6.15
      },
      "4br": {
        "median": 2587,
        "low": 2484,
        "high": 2691,
        "mom_pct": 3.1862500000000002,
        "yoy_pct": 6.46875
      }
    }
  },
  "vacancy": 3.7743,
  "days_on_market": {
    "apartment": 30,
    "condo_townhome": 29,
    "single_family": 27
  },
  "ai_summary": [
    {
      "headline": "2BR condo rents jump 4.14% MoM",
      "body": "In the Farmington Hills / Novi (48331, 48334, 48374, 48375) rental market, 2-bedroom condos saw median rents increase 4.14% from March, reaching $1,809. This gain places condos ahead of 2-bedroom apartments, which declined to $1,620, and single-family homes at $1,613, reflecting notable demand for condos in April 2026."
    },
    {
      "headline": "4BR single-family leads by $224 at $2,587",
      "body": "For renters seeking space, 4-bedroom single-family homes in Farmington Hills / Novi (48331, 48334, 48374, 48375) reached $2,587, marking a 6.47% year-over-year rise. These rentals lead 4-bedroom condos by $224, with condos posting a $2,363 median, highlighting the strength of single-family pricing among larger units in April."
    },
    {
      "headline": "1BR apartments decline 1.95% MoM",
      "body": "Apartment rents for 1-bedroom units dropped 1.95% month-over-month to $1,330, while 1-bedroom condos experienced a smaller 1.05% decline to $1,305. These shifts impact Farmington Hills / Novi (48331, 48334, 48374, 48375) rental trends, indicating softer demand in apartment units than condo counterparts for April 2026."
    }
  ],
  "summary": {
    "canonical": [
      "As of April 2026, rental prices in Farmington Hills / Novi, MI range from $1,265 to $2,587 per month depending on property type and bedroom count.",
      "The greatest year-over-year rent increase occurred in condo/townhome 2BR units in Farmington Hills / Novi, MI, rising 7.60% since April 2025.",
      "For 3BR units, condo/townhomes ($2,179) surpass apartments ($1,983) and single-family homes ($2,142) in median rent."
    ],
    "qa": [
      {
        "question": "What is the rent range in Farmington Hills / Novi, MI for April 2026?",
        "answer": "In Farmington Hills / Novi, MI as of April 2026, rents span from $1,265 per month for 1BR single-family homes to $2,587 for 4BR single-family homes."
      },
      {
        "question": "Which property segment in Farmington Hills / Novi, MI had the sharpest month-over-month rent change in April 2026?",
        "answer": "Condo/townhome 2BR units saw the largest month-over-month increase, rising 4.14% to a median rent of $1,809 in April 2026."
      },
      {
        "question": "How are rent prices trending in Farmington Hills / Novi, MI as of April 2026?",
        "answer": "Most segments in Farmington Hills / Novi, MI showed annual rent increases, such as single-family 4BR up 6.47% YoY and apartment 1BR up 4.62% YoY; however, several segments had month-over-month declines, including apartment 1BR which decreased by -1.95% MoM."
      },
      {
        "question": "What is the highest median rent by property and bedroom type in Farmington Hills / Novi, MI for April 2026?",
        "answer": "The highest median rent is $2,587 for 4BR single-family homes in Farmington Hills / Novi, MI as of April 2026."
      }
    ]
  },
  "history": [
    {
      "yearmonth": "202604",
      "month_label": "April 2026",
      "rents": {
        "apartment": {
          "1br": 1330,
          "2br": 1620,
          "3br": 1983,
          "4br": 2132
        },
        "condo_townhome": {
          "1br": 1305,
          "2br": 1809,
          "3br": 2179,
          "4br": 2363
        },
        "single_family": {
          "1br": 1265,
          "2br": 1613,
          "3br": 2142,
          "4br": 2587
        }
      }
    },
    {
      "yearmonth": "202603",
      "month_label": "March 2026",
      "rents": {
        "apartment": {
          "1br": 1358,
          "2br": 1647,
          "3br": 1984,
          "4br": 2121
        },
        "condo_townhome": {
          "1br": 1320,
          "2br": 1733,
          "3br": 2195,
          "4br": 2346
        },
        "single_family": {
          "1br": 1255,
          "2br": 1578,
          "3br": 2099,
          "4br": 2486
        }
      }
    },
    {
      "yearmonth": "202602",
      "month_label": "February 2026",
      "rents": {
        "apartment": {
          "1br": 1376,
          "2br": 1652,
          "3br": 1990,
          "4br": 2135
        },
        "condo_townhome": {
          "1br": 1319,
          "2br": 1753,
          "3br": 2190,
          "4br": 2354
        },
        "single_family": {
          "1br": 1255,
          "2br": 1579,
          "3br": 2113,
          "4br": 2510
        }
      }
    },
    {
      "yearmonth": "202601",
      "month_label": "January 2026",
      "rents": {
        "apartment": {
          "1br": 1326,
          "2br": 1650,
          "3br": 2010,
          "4br": 2145
        },
        "condo_townhome": {
          "1br": 1318,
          "2br": 1737,
          "3br": 2208,
          "4br": 2372
        },
        "single_family": {
          "1br": 1259,
          "2br": 1585,
          "3br": 2136,
          "4br": 2512
        }
      }
    },
    {
      "yearmonth": "202512",
      "month_label": "December 2025",
      "rents": {
        "apartment": {
          "1br": 1323,
          "2br": 1659,
          "3br": 2017,
          "4br": 2157
        },
        "condo_townhome": {
          "1br": 1325,
          "2br": 1748,
          "3br": 2224,
          "4br": 2394
        },
        "single_family": {
          "1br": 1268,
          "2br": 1600,
          "3br": 2142,
          "4br": 2515
        }
      }
    },
    {
      "yearmonth": "202511",
      "month_label": "November 2025",
      "rents": {
        "apartment": {
          "1br": 1340,
          "2br": 1679,
          "3br": 2033,
          "4br": 2170
        },
        "condo_townhome": {
          "1br": 1350,
          "2br": 1772,
          "3br": 2237,
          "4br": 2414
        },
        "single_family": {
          "1br": 1277,
          "2br": 1611,
          "3br": 2160,
          "4br": 2539
        }
      }
    },
    {
      "yearmonth": "202510",
      "month_label": "October 2025",
      "rents": {
        "apartment": {
          "1br": 1334,
          "2br": 1672,
          "3br": 2027,
          "4br": 2164
        },
        "condo_townhome": {
          "1br": 1338,
          "2br": 1764,
          "3br": 2239,
          "4br": 2431
        },
        "single_family": {
          "1br": 1279,
          "2br": 1614,
          "3br": 2174,
          "4br": 2556
        }
      }
    },
    {
      "yearmonth": "202509",
      "month_label": "September 2025",
      "rents": {
        "apartment": {
          "1br": 1319,
          "2br": 1667,
          "3br": 2018,
          "4br": 2151
        },
        "condo_townhome": {
          "1br": 1342,
          "2br": 1760,
          "3br": 2230,
          "4br": 2424
        },
        "single_family": {
          "1br": 1278,
          "2br": 1610,
          "3br": 2169,
          "4br": 2542
        }
      }
    },
    {
      "yearmonth": "202508",
      "month_label": "August 2025",
      "rents": {
        "apartment": {
          "1br": 1327,
          "2br": 1645,
          "3br": 2004,
          "4br": 2132
        },
        "condo_townhome": {
          "1br": 1347,
          "2br": 1741,
          "3br": 2223,
          "4br": 2411
        },
        "single_family": {
          "1br": 1271,
          "2br": 1601,
          "3br": 2146,
          "4br": 2527
        }
      }
    },
    {
      "yearmonth": "202507",
      "month_label": "July 2025",
      "rents": {
        "apartment": {
          "1br": 1309,
          "2br": 1638,
          "3br": 1990,
          "4br": 2107
        },
        "condo_townhome": {
          "1br": 1326,
          "2br": 1747,
          "3br": 2209,
          "4br": 2384
        },
        "single_family": {
          "1br": 1258,
          "2br": 1588,
          "3br": 2125,
          "4br": 2510
        }
      }
    },
    {
      "yearmonth": "202506",
      "month_label": "June 2025",
      "rents": {
        "apartment": {
          "1br": 1286,
          "2br": 1610,
          "3br": 1963,
          "4br": 2082
        },
        "condo_townhome": {
          "1br": 1311,
          "2br": 1728,
          "3br": 2183,
          "4br": 2352
        },
        "single_family": {
          "1br": 1241,
          "2br": 1572,
          "3br": 2087,
          "4br": 2485
        }
      }
    },
    {
      "yearmonth": "202505",
      "month_label": "May 2025",
      "rents": {
        "apartment": {
          "1br": 1270,
          "2br": 1598,
          "3br": 1937,
          "4br": 2054
        },
        "condo_townhome": {
          "1br": 1284,
          "2br": 1701,
          "3br": 2140,
          "4br": 2311
        },
        "single_family": {
          "1br": 1221,
          "2br": 1547,
          "3br": 2050,
          "4br": 2450
        }
      }
    }
  ],
  "links": {
    "data_page": "https://data.estaite.com/submarkets/farmington-hills-novi-mi/",
    "self": "https://data.estaite.com/feeds/farmington-hills-novi-mi.json"
  },
  "license": "CC BY 4.0",
  "license_url": "https://creativecommons.org/licenses/by/4.0/",
  "attribution": "Data provided by Estaite (https://estaite.com)"
}