Farmington, AR Real Estate
According to census data in the year 2000 there were 1,426 housing units in Farmington.
This represents a 165.5% growth from 537 in 1990.
Of those housing units, 1,296 were located in either urbanized areas or urban clusters, and 130 were located in what is classified as a rural area.
Homeownership rate in Farmington is about 66.4%.
Farmington's vacancy rate, including seasonal lodging, is about 3.5%.
Average household size is 2.68 people.
The majority of houses, apartments or condos in Farmington were built after 1991.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.30% |
| One Bedroom | 5.30% |
| Two Bedrooms | 20.60% |
| Three Bedrooms | 65.80% |
| Four Bedrooms | 6.50% |
| Five Bedrooms or more | 0.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.72 |
| Median year structure was built | 1991 |
| Median Value of occupied units | $78,100 |
| Median Price asked for vacant units | $95,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.6 |
| Median year structure was built | 1991 |
| Median Monthly Rent asked for vacant units | $457 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.50% |
| Home Equity Loan | 2.40% |
| Simple Mortgage | 71.40% |
| Debt Free | 18.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.4% |
