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 Size

Housing Units by Size
Studio Type3%
One Bedroom9.60%
Two Bedrooms25.90%
Three Bedrooms48.20%
Four Bedrooms11.30%
Five Bedrooms or more2%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.72
Median year structure was built1975
Median Value of occupied units$100,600
Median Price asked for vacant units$68,600

Rented Homes, Apartments and Condos

Average Household Size2.53
Median year structure was built1974
Median Monthly Rent asked for vacant units$417

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage7.20%
Home Equity Loan5.10%
Simple Mortgage57.80%
Debt Free29.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs16.8%