Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 6,844, 2,911 total housing units (homes and apartments), and a median house value of $226,678, house prices in Farmington are solidly below the national average.
Single-family detached homes are the single most common housing type in Farmington, accounting for 64.60% of the town's housing units. Other types of housing that are prevalent in Farmington include mobile homes or trailers ( 12.56%), large apartment complexes or high rise apartments ( 11.49%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.18%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Farmington. Owner-occupied housing accounts for 69.40% of Farmington's homes, and 51.49% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Farmington built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Farmington built between 2000 and later ( 21.50%). A lesser amount of the housing stock also hails from before 1939 ( 21.26%). There's also some housing in Farmington built between 1940-1969 ( 16.69%).
Appreciation rates for homes in Farmington have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 84.84%, which ranks in the top 50% nationwide. This equates to an annual average Farmington house appreciation rate of 6.34%.
NeighborhoodScout's data show that during the latest twelve months, Farmington's appreciation rate, at 6.13%, has been at or slightly above the national average. In the latest quarter, Farmington's appreciation rate has been 1.11%, which annualizes to a rate of 4.52%.
Relative to New Hampshire, our data show that Farmington's latest annual appreciation rate is lower than 70% of the other cities and towns in New Hampshire.
$226,678
for New hampshire
for nation
2,911
$1,966 / per month