Farmington, PA is a great place to live and has seen an increase in value over the last year. The median housing value in Farmington is currently $193,700, which is much lower than the US House Median Value of $338,100. Over the last year, the US House Appreciation rate was 8.27%, while the appreciation rate for housing in Farmington was 7.43%. This shows that although average housing values are lower in Farmington than the national average, it has still seen an increase in value over the last year.
The median home cost in Farmington is $193,700. Home appreciation the last 10 years has been 71.5%. Home Appreciation in Farmington is up 11.0%.
Average Age of Homes
- The median age of Farmington real estate is 60 years old
The Rental Market in Farmington
- Renters make up 12.2% of the Farmington population
- 26.9% 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.