The housing in Farmington, WV has been steadily increasing over the past year. The median value of a home is $84,500, which is much lower than the US median value of $338,100. Despite this difference in value, Farmington's home appreciation rate has been significantly higher than the national average over the past year. At 19.23%, it is more than double the nation's 8.27%. This indicates that there are plenty of opportunities for investment in local housing and that homes are likely to increase in value even further over time.
The median home cost in Farmington is $84,500. Home appreciation the last 10 years has been 50.2%. Home Appreciation in Farmington is up 12.4%.
Average Age of Homes
- The median age of Farmington real estate is 72 years old
The Rental Market in Farmington
- Renters make up 10.4% 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.