Housing in Farmington, ND is relatively affordable compared to the US median value. The current median value for a home in Farmington is $131,000 which is significantly lower than the US median of $338,100. While the US has seen an annual appreciation of 8.27%, Houses in Farmington have experienced an annual appreciation rate of 7.60%. This indicates that housing prices in Farmington are relatively stable and growing at a moderate pace.
The median home cost in Farmington is $131,000. Home appreciation the last 10 years has been 61.5%. Home Appreciation in Farmington is up 9.6%.
Average Age of Homes
- The median age of Farmington real estate is 46 years old
The Rental Market in Farmington
- Renters make up 8.5% 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.