Farmington, IA Real Estate
According to census data in the year 2000 there were 349 housing units in Farmington.
This represents a 5.8% growth from 330 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 349 were located in what is classified as a rural area.
Homeownership rate in Farmington is about 73.5%.
Farmington's vacancy rate, including seasonal lodging, is about 6%.
Average household size is 2.26 people.
The majority of houses, apartments or condos in Farmington were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 11.70% |
| Two Bedrooms | 32.40% |
| Three Bedrooms | 38.40% |
| Four Bedrooms | 14.60% |
| Five Bedrooms or more | 2.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.27 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $39,900 |
| Median Price asked for vacant units | $10,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.22 |
| Median year structure was built | 1954 |
| Median Monthly Rent asked for vacant units | $269 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 1% |
| Home Equity Loan | 1% |
| Simple Mortgage | 34.40% |
| Debt Free | 63.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.9% |
