The housing market in Farmington, IA is strong and very affordable. The median value of homes in Farmington is $92,700, which is significantly lower than the median value for homes across the United States at $338,100. Over the past year, the US housing market has seen an appreciation of 8.27%, while Farmington has seen an even higher appreciation rate of 11.61%. This suggests that the housing market in Farmington is particularly strong and could be a great opportunity for buyers looking for a more affordable option.
The median home cost in Farmington is $92,700. Home appreciation the last 10 years has been 63.9%. Home Appreciation in Farmington is up 15.1%.
Average Age of Homes
- The median age of Farmington real estate is 64 years old
The Rental Market in Farmington
- Renters make up 27.5% of the Farmington population
- 2.1% 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.