Farmington, NM Real Estate
According to census data in the year 2000 there were 15,045 housing units in Farmington.
This represents a 14.7% growth from 13,119 in 1990.
Of those housing units, 14,683 were located in either urbanized areas or urban clusters, and 362 were located in what is classified as a rural area.
Homeownership rate in Farmington is about 68.7%.
Farmington's vacancy rate, including seasonal lodging, is about 7.2%.
Average household size is 2.66 people.
The majority of houses, apartments or condos in Farmington were built after 1975.
|Housing Units by Size|
|Five Bedrooms or more||2%|
Owned Homes, Apartments and Condos
|Average Household Size||2.72|
|Median year structure was built||1975|
|Median Value of occupied units||$100,600|
|Median Price asked for vacant units||$68,600|
Rented Homes, Apartments and Condos
|Average Household Size||2.53|
|Median year structure was built||1974|
|Median Monthly Rent asked for vacant units||$417|
Owners Finance Status
|Second Mortgage & Equity Loan||0.30%|
|Home Equity Loan||5.10%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||16.8%|