The housing market in Farmington, ME is fulfilling the trends of the national housing market, with a median value of $266,100. This is significantly lower than the US median value of $338,100. However, Farmington has seen a higher appreciation rate over the course of 1 year at 16.46%, compared to the US wide appreciation rate of 8.27%. Despite its lower median value relative to other areas, Farmington's real estate market is still thriving and growing.
The median home cost in Farmington (zip 04992) is $266,100. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Farmington (zip 04992) is up 20.6%.
Average Age of Homes
- The median age of Farmington (zip 04992) real estate is 78 years old
The Rental Market in Farmington (zip 04992)
- Renters make up 55.7% of the Farmington (zip 04992) population
- 0.0% of houses and apartments in Farmington (zip 04992), 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.