The housing market in 06032 Farmington, CT is flourishing with a median value of $378,800. This is significantly higher than the national median value of $338,100. Not only that, but the appreciation rate for homes in this area has been even more impressive than the national rate over the past year. The US 1 year house appreciation rate was 8.27%, yet in 06032 Farmington, CT it was 9.34%. This signifies a healthy and growing real estate market in this area that could be great opportunity for those looking to buy a new home or invest in an area with potential upside.
The median home cost in Farmington (zip 06032) is $378,800. Home appreciation the last 10 years has been 44.2%. Home Appreciation in Farmington (zip 06032) is up 14.1%.
Average Age of Homes
- The median age of Farmington (zip 06032) real estate is 37 years old
The Rental Market in Farmington (zip 06032)
- Renters make up 24.4% of the Farmington (zip 06032) population
- 0.7% of houses and apartments in Farmington (zip 06032), 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.