Farmington, UT Real Estate
According to census data in the year 2000 there were 3,274 housing units in Farmington.
This represents a 46% growth from 2,243 in 1990.
Of those housing units, 3,129 were located in either urbanized areas or urban clusters, and 145 were located in what is classified as a rural area.
Homeownership rate in Farmington is about 87.1%.
Farmington's vacancy rate, including seasonal lodging, is about 5.1%.
Average household size is 3.74 people.
The majority of houses, apartments or condos in Farmington were built after 1983.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 4.30% |
| Two Bedrooms | 12.10% |
| Three Bedrooms | 22% |
| Four Bedrooms | 33.20% |
| Five Bedrooms or more | 27.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.81 |
| Median year structure was built | 1984 |
| Median Value of occupied units | $196,000 |
| Median Price asked for vacant units | $134,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.27 |
| Median year structure was built | 1977 |
| Median Monthly Rent asked for vacant units | $563 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 12.60% |
| Home Equity Loan | 12.40% |
| Simple Mortgage | 53.60% |
| Debt Free | 21.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.8% |
