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Farmington Apartments, Mortgage Quotes, And Real Estate


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Farmington Mortgage and Real Estate Facts

Overview

Farmington has 4,625 housing units, combining houses, condominiums, and apartments. About 62% of housing units in the city are owner-occupied.

Farmington Mortgage

About 64% of owner-occupied housing units in Farmington have a mortgage of one type or another. Approximately 10% 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:

Farmington Mortgage Statistics

CategoryValue
Homes With No Mortgage36%
With A Mortgage64%
First Mortgage Only54%
Second Mortgage or Home Equity Loan10%
Second Mortgage Only5%
Home Equity Loan Only5%

Farmington Housing Expenses

CategoryValue
Owner Costs as % of Income16%
Median Real Estate Taxes (2000)$511

Farmington Household Size

CategoryValue
Total Occupied4,625
1-Person Households33%
2-Person Households33%
3-Person Households15%
4-Person Households13%
5-Person Households5%
6-Person Households1%
7+-Person Households1%

Farmington Housing Stock

CategoryValue
Median Year Built1973
Median Year Built (Owner Occupied)1972
Median Year Built (Renter Occupied)1977

Farmington Home Heating

CategoryValue
Using Utility Co. Gas Heat68%
Using Bottled/Tank Gas Heat1%
Using Electric Heat31%
Using Oil Heat0%
Using Coal0%
Using Wood Heating0%
Using Solar Heat0%
Other Heating0%
No Heating0%

Farmington Housing Size

CategoryValue
No Bedrooms0%
1 Bedroom1%
2 Bedrooms25%
3 Bedrooms54%
4 Bedrooms19%
5+ Bedrooms1%
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Farmington Mortgage Rates

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