Zip 61531 (Farmington, IL) Housing

The housing in 61531 Farmington, IL has a median value of $104,700, which is significantly lower than the US House Median Value of $338,100. Despite this difference, it still had an impressive 1 year house appreciation rate of 7.36%, just slightly lower than the US average rate of 8.27%. This shows that the housing market in Farmington is on the rise and is an attractive location for potential buyers and investors alike.

The median home cost in Farmington (zip 61531) is $104,700. Home appreciation the last 10 years has been 26.6%. Home Appreciation in Farmington (zip 61531) is up 7.3%.

Average Age of Homes

- The median age of Farmington (zip 61531) real estate is 71 years old

The Rental Market in Farmington (zip 61531)

- Renters make up 12.1% of the Farmington (zip 61531) population
- 1.7% of houses and apartments in Farmington (zip 61531), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Farmington, Illinois	United States
	1,477.0	139,647,020.0
	67	42
	$104,700	$338,100
	7.3%	16.6%
	22.9%	57.0%
	26.6%	101.1%
	$23.16	$10.98
	$2,321	$2,690
	65.0%	57.4%
	10.6%	11.2%
	24.4%	31.4%
Vacant Housing
	1.7%	1.9%
	0.0%	0.4%
	1.0%	0.7%
	1.6%	0.4%
	1.8%	3.6%
	4.5%	4.1%
Value of Owner-Occupied Housing
	3.3%	2.6%
	7.2%	2.4%
	12.7%	2.8%
	15.8%	3.9%
	10.8%	4.5%
	15.3%	11.3%
	20.1%	13.0%
	6.0%	20.1%
	7.2%	13.6%
	0.7%	8.3%
	0.7%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.1%	13.6%
	4.1%	13.6%
	7.7%	13.6%
	4.1%	13.2%
	9.6%	14.8%
	7.7%	13.6%
	17.0%	10.0%
	6.4%	4.7%
	37.4%	12.2%

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