Housing in Farmington, NY is highly desirable with a median value of $267,800, significantly lower than the US house median value of $338,100. The recent appreciation rate for houses in Farmington, NY has been 11.37%, which is higher than the US average of 8.27%. This indicates that the housing market in Farmington is continuing to grow and shows great potential for future investment.
The median home cost in Farmington is $267,800. Home appreciation the last 10 years has been 65.2%. Home Appreciation in Farmington is up 12.0%.
Average Age of Homes
- The median age of Farmington real estate is 35 years old
The Rental Market in Farmington
- Renters make up 24.1% of the Farmington population
- 1.7% 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.