Housing in Farmington, IL is relatively cheaper than the US median house value at $99,300. Despite this difference, the past year has seen a similar appreciation rate of 7.36%, keeping up with the rest of the country at 8.27%. This indicates that Farmington, IL is still an attractive destination for potential home buyers looking for a more affordable option in comparison to other regions.
The median home cost in Farmington is $99,300. Home appreciation the last 10 years has been 26.6%. Home Appreciation in Farmington is up 7.3%.
Average Age of Homes
- The median age of Farmington real estate is 78 years old
The Rental Market in Farmington
- Renters make up 13.7% of the Farmington population
- 2.5% 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.