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Farmington has 4,825 housing units, combining houses, condominiums, and apartments. About 64% of housing units in the city are owner-occupied.
About 73% of owner-occupied housing units in Farmington have a mortgage of one type or another. Approximately 15% of housing units in the city carry a second mortgage or home equity loan.
Mortgage and interest rate quotes for the Farmington area (or anywhere else you choose in the US) are available, without obligation or credit checks:
| Category | Value |
|---|---|
| Homes With No Mortgage | 27% |
| With A Mortgage | 73% |
| First Mortgage Only | 58% |
| Second Mortgage or Home Equity Loan | 15% |
| Second Mortgage Only | 5% |
| Home Equity Loan Only | 9% |
| Category | Value |
|---|---|
| Owner Costs as % of Income | 18% |
| Median Real Estate Taxes (2000) | $3,145 |
| Category | Value |
|---|---|
| Total Occupied | 4,825 |
| 1-Person Households | 38% |
| 2-Person Households | 32% |
| 3-Person Households | 14% |
| 4-Person Households | 11% |
| 5-Person Households | 4% |
| 6-Person Households | 0% |
| 7+-Person Households | 0% |
| Category | Value |
|---|---|
| Median Year Built | 1965 |
| Median Year Built (Owner Occupied) | 1960 |
| Median Year Built (Renter Occupied) | 1972 |
| Category | Value |
|---|---|
| Using Utility Co. Gas Heat | 94% |
| Using Bottled/Tank Gas Heat | 1% |
| Using Electric Heat | 4% |
| Using Oil Heat | 1% |
| Using Coal | 0% |
| Using Wood Heating | 0% |
| Using Solar Heat | 0% |
| Other Heating | 1% |
| No Heating | 0% |
| Category | Value |
|---|---|
| No Bedrooms | 0% |
| 1 Bedroom | 5% |
| 2 Bedrooms | 18% |
| 3 Bedrooms | 52% |
| 4 Bedrooms | 22% |
| 5+ Bedrooms | 2% |
Rate quotes from multiple lenders for the Farmington area:
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