Farmington, IL Real Estate
According to census data in the year 2000 there were 1,105 housing units in Farmington.
This represents a 0.3% decline from 1,108 in 1990.
Of those housing units, 1,067 were located in either urbanized areas or urban clusters, and 38 were located in what is classified as a rural area.
Homeownership rate in Farmington is about 79.8%.
Farmington's vacancy rate, including seasonal lodging, is about 7.2%.
Average household size is 2.4 people.
The majority of houses, apartments or condos in Farmington were built after 1941.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 11.90% |
| Two Bedrooms | 27.80% |
| Three Bedrooms | 48.60% |
| Four Bedrooms | 9.30% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.44 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $65,800 |
| Median Price asked for vacant units | $76,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.28 |
| Median year structure was built | 1950 |
| Median Monthly Rent asked for vacant units | $275 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.60% |
| Home Equity Loan | 2.30% |
| Simple Mortgage | 35.80% |
| Debt Free | 56.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.2% |
