Farmington, IA—52626
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Farmington, IA
Farmington, IA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $127,000 | 2.3% |
| Single Family | $126,000 | 0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $98,000 | 2.1% |
3 Bed | $140,000 | 4.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Farmington, IA
Farmington, IA 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, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Farmington, IA is 9. This is a increase of 35.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $553,000 | -31.0% |
Listing Count | 2 | -17.0% |
| Listings as % of Homes | 0.4% | -17.0% |
Days on Market | 9 | 35.0% |
Demographics — Farmington, IA
As of the latest ACS Survey released in 2023, Farmington, IA has a population of 1,150, which has decreased by -6.9% over the past 5 years. Farmington, IA is a moderately popular place for families, as children make up 24.7% of the population. The area has a poorly educated workforce, with 13.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,150 | -6.9% |
% Under 18 | 24.7% | 7.9% |
% Seniors | 24.2% | 24.1% |
% WFH | 14.4% | 121.5% |
% w/ College Degree | 13.2% | 2.3% |
As of the latest ACS Survey released in 2023, Farmington, IA is a predominantly white area, with 95.8% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Farmington, IA is hispanic, making up 1.4% of the population. Foreign-born residents account for 0.3% of the population in Farmington, IA, and this percentage has decreased by 78.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.8% | -1.6% |
% Black | 0.3% | ∞% |
% Hispanic | 1.4% | 180.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.3% | -78.6% |
Mortgage and Risk — Farmington, IA
Farmington, IA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Farmington, IA
Farmington, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $750 |
| 2 Bedroom | N/A | N/A | $880 |
| 3 Bedroom | N/A | N/A | $1,130 |
| 4 Bedroom | N/A | N/A | $1,360 |
Affordability — Farmington, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.8 |
| Median Home Price | $127,000 |
| Median Household Income | $58,600 |