Farmington, NH—03835
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Farmington, NH
As of Oct '25, the median home price in Farmington, NH is $399,000, with a year-over-year change of 4.3%. This indicates that home prices in Farmington, NH are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $399,000 | 4.3% |
| Single Family | $402,000 | 4.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $352,000 | 3.5% |
3 Bed | $417,000 | 4.5% |
4 Bed | $433,000 | 5.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Farmington, NH
As of July '25, Rentcast reports the average rent in Farmington, NH is $2,100, with a year-over-year rent change of 4.5%. Per bedroom, the median rent as of July '25 in Farmington, NH is 1-bedrooms: $1,600, 2-bedrooms: $2,200, 3-bedrooms: $2,400, 4-bedrooms: $2,200. The most common rental property sizes in Farmington, NH are 1-bedroom and 2-bedroom, accounting for 43.8% and 20.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,100 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,600 | $1,600 |
| 2 Bed Rent | $2,200 | $2,200 |
| 3 Bed Rent | $2,400 | $2,400 |
| 4 Bed Rent | $2,200 | $2,200 |
% of Rental Stock
Property Listings — Farmington, NH
As of Oct '25, Realtor.com reports that the median days on market for a home in Farmington, NH is 53. This is a increase of 30.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $475,000 | -3.0% |
Listing Count | 15 | 48.0% |
| Listings as % of Homes | 0.3% | 48.0% |
Days on Market | 53 | 30.0% |
Demographics — Farmington, NH
As of the latest ACS Survey released in 2023, Farmington, NH has a population of 6,800, which has decreased by -1.2% over the past 5 years. Farmington, NH is a moderately popular place for families, as children make up 19.8% of the population. The area has a poorly educated workforce, with 20.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,800 | -1.2% |
% Under 18 | 19.8% | -4.8% |
% Seniors | 15.6% | 13.0% |
% WFH | 16.4% | 993.3% |
% w/ College Degree | 20.5% | 14.5% |
As of the latest ACS Survey released in 2023, Farmington, NH is a predominantly white area, with 91.6% of the population identifying as white. The white population has shrunk by 5.9% in the last 5 years. The second most common race or ethnicity in Farmington, NH is asian, making up 2.6% of the population. Foreign-born residents account for 3.7% of the population in Farmington, NH, and this percentage has increased by 208.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.6% | -5.9% |
% Black | 1.3% | ∞% |
% Hispanic | 0.8% | -27.3% |
% Asian | 2.6% | ∞% |
% Foreign Born | 3.7% | 208.3% |
Mortgage and Risk — Farmington, NH
According to HUD data as of 2023, there were 149 mortgage originations in Farmington, NH, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Farmington, NH. Investor activity is low, as 2.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 149 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Farmington, NH
As of 2024, the percent of homes in Farmington, NH under the Section 8 program is 13.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Farmington, NH, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 106 |
Total Units Section 8 | 94 |
% Rentals under Section 8 | 13.6% |
% Occupied Section 8 | 93.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$170 | $1,600 | $1,430 |
| 2 Bedroom | -$390 | $2,200 | $1,810 |
| 3 Bedroom | -$90 | $2,400 | $2,310 |
| 4 Bedroom | $500 | $2,200 | $2,700 |
Affordability — Farmington, NH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $399,000 |
| Median Household Income | $63,700 |