Farmington, PA—15437
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Farmington, PA
As of Oct '25, the median home price in Farmington, PA is $222,000, with a year-over-year change of -0.7%. This indicates that home prices in Farmington, PA are flat. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $222,000 | -0.7% |
| Single Family | $213,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $205,000 | 1.0% |
3 Bed | $267,000 | 0.8% |
4 Bed | $337,000 | 2.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Farmington, PA
Farmington, PA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Farmington, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Farmington, PA is 90. This is a decrease of -13.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $652,000 | -3.0% |
Listing Count | 5 | 0.0% |
| Listings as % of Homes | 0.7% | 0.0% |
Days on Market | 90 | -13.0% |
Demographics — Farmington, PA
As of the latest ACS Survey released in 2023, Farmington, PA has a population of 2,580, which has decreased by -5.7% over the past 5 years. Farmington, PA is a moderately popular place for families, as children make up 15.9% of the population. The area has a poorly educated workforce, with 23.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,580 | -5.7% |
% Under 18 | 15.9% | -24.3% |
% Seniors | 14.9% | -6.9% |
% WFH | 7.4% | 362.5% |
% w/ College Degree | 23.2% | -1.7% |
As of the latest ACS Survey released in 2023, Farmington, PA is a predominantly white area, with 80.6% of the population identifying as white. The white population has shrunk by 13.1% in the last 5 years. The second most common race or ethnicity in Farmington, PA is black, making up 1.6% of the population. Foreign-born residents account for 23.3% of the population in Farmington, PA, and this percentage has increased by 959.1% 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 | 80.6% | -13.1% |
% Black | 1.6% | 300.0% |
% Hispanic | 0.9% | -86.8% |
% Asian | 0.7% | ∞% |
% Foreign Born | 23.3% | 959.1% |
Mortgage and Risk — Farmington, PA
According to HUD data as of 2023, there were 52 mortgage originations in Farmington, PA, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Farmington, PA. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 52 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 0.0% |
% Second Loans | 15.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Farmington, PA
Farmington, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,100 |
| 2 Bedroom | N/A | N/A | $1,320 |
| 3 Bedroom | N/A | N/A | $1,680 |
| 4 Bedroom | N/A | N/A | $1,810 |
Affordability — Farmington, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $222,000 |
| Median Household Income | $78,700 |