The housing market in Farmington, DE is very strong with a median value of $140,000 and 1 year appreciation of 11.37%. This appreciates at a slightly higher rate than the national average, which is 8.27%, and is valued significantly lower than the US house median value of $338,100. This makes Farmington an attractive option for many homebuyers looking to purchase in a desirable area without breaking the bank.
The median home cost in Farmington is $140,000. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Farmington is up 17.3%.
Average Age of Homes
- The median age of Farmington real estate is 61 years old
The Rental Market in Farmington
- Renters make up 38.2% of the Farmington population
- 0.0% 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.