Farmington, ME Real Estate
According to census data in the year 2000 there were 1,724 housing units in Farmington.
This represents a 4.9% growth from 1,644 in 1990.
Of those housing units, 1,518 were located in either urbanized areas or urban clusters, and 206 were located in what is classified as a rural area.
Homeownership rate in Farmington is about 39.3%.
Farmington's vacancy rate, including seasonal lodging, is about 6.3%.
Average household size is 1.95 people.
The majority of houses, apartments or condos in Farmington were built after 1953.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1% |
| One Bedroom | 29.80% |
| Two Bedrooms | 34.60% |
| Three Bedrooms | 20.30% |
| Four Bedrooms | 9% |
| Five Bedrooms or more | 5.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.34 |
| Median year structure was built | 1952 |
| Median Value of occupied units | $88,300 |
| Median Price asked for vacant units | $95,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.7 |
| Median year structure was built | 1955 |
| Median Monthly Rent asked for vacant units | $386 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.50% |
| Home Equity Loan | 12.90% |
| Simple Mortgage | 40.60% |
| Debt Free | 40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18% |
