Farmington, CT is a great place to buy a home, as the median value of housing in the area is $385,700- higher than the US House median value of $338,100. In the last year alone, house appreciation in Farmington has been 9.34%, greater than the US 1 year House Appreciation at 8.27%. This makes it an ideal city to invest in real estate and for those seeking to purchase a home.
The median home cost in Farmington is $385,700. Home appreciation the last 10 years has been 44.2%. Home Appreciation in Farmington is up 14.1%.
Average Age of Homes
- The median age of Farmington real estate is 39 years old
The Rental Market in Farmington
- Renters make up 24.0% of the Farmington population
- 0.6% of houses and apartments in Farmington, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.