Farmington, Arkansas is an area with a high level of housing value. The median house value in Farmington is $294,100, which is slightly lower than the US median house value of $338,100. However, what sets the housing market in Farmington apart from other areas is its remarkable 1 year house appreciation rate of 16.21%. This significantly outpaces the national average appreciation rate of 8.27%, showing that houses in Farmington are in high demand and are likely to appreciate quickly over time.
The median home cost in Farmington is $294,100. Home appreciation the last 10 years has been 124.7%. Home Appreciation in Farmington is up 23.4%.
Average Age of Homes
- The median age of Farmington real estate is 22 years old
The Rental Market in Farmington
- Renters make up 34.9% of the Farmington population
- 1.9% 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.