Farmington, UT is a great place to buy and own a home, as the median housing value is significantly higher than the US median at $627,200. The house appreciation rate in Farmington, UT over the past year has been 8.44%, which is slightly higher than the US 1 year house appreciation rate of 8.27%. This demonstrates that demand for homes in Farmington, UT remains strong and that homeowners can expect to see good returns on their investments over time.
The median home cost in Farmington is $627,200. Home appreciation the last 10 years has been 157.2%. Home Appreciation in Farmington is up 16.3%.
Average Age of Homes
- The median age of Farmington real estate is 18 years old
The Rental Market in Farmington
- Renters make up 16.7% of the Farmington population
- 1.2% 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.