Farmington, AR—72730
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Farmington, AR
As of Oct '25, the median home price in Farmington, AR is $329,000, with a year-over-year change of 3.2%. This indicates that home prices in Farmington, AR are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $329,000 | 3.2% |
| Single Family | $330,000 | 3.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $221,000 | 0.0% |
3 Bed | $305,000 | 3.4% |
4 Bed | $408,000 | 3.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Farmington, AR
As of July '25, Rentcast reports the average rent in Farmington, AR is $1,730, with a year-over-year rent change of 6.1%. Per bedroom, the median rent as of July '25 in Farmington, AR is 2-bedrooms: $1,290, 3-bedrooms: $1,770, 4-bedrooms: $2,410. The most common rental property sizes in Farmington, AR are 3-bedroom and 2-bedroom, accounting for 59.9% and 16.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,730 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,300 | $1,290 |
| 3 Bed Rent | $1,700 | $1,770 |
| 4 Bed Rent | $2,400 | $2,410 |
% of Rental Stock
Property Listings — Farmington, AR
As of Oct '25, Realtor.com reports that the median days on market for a home in Farmington, AR is 55. This is a increase of 23.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $372,000 | -2.0% |
Listing Count | 121 | 94.0% |
| Listings as % of Homes | 2.0% | 94.0% |
Days on Market | 55 | 23.0% |
Demographics — Farmington, AR
As of the latest ACS Survey released in 2023, Farmington, AR has a population of 11,100, which has increased by 36.4% over the past 5 years. Farmington, AR is a popular place for families, as children make up 29.7% of the population. The area has a moderately educated workforce, with 27.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,100 | 36.4% |
% Under 18 | 29.7% | 40.1% |
% Seniors | 12.6% | -13.1% |
% WFH | 6.6% | 83.3% |
% w/ College Degree | 27.0% | -8.8% |
As of the latest ACS Survey released in 2023, Farmington, AR is a predominantly white area, with 76.9% of the population identifying as white. The white population has shrunk by 14.4% in the last 5 years. The second most common race or ethnicity in Farmington, AR is hispanic, making up 10.0% of the population. Foreign-born residents account for 2.8% of the population in Farmington, AR, and this percentage has increased by 47.4% 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 | 76.9% | -14.4% |
% Black | 2.4% | ∞% |
% Hispanic | 10.0% | 150.0% |
% Asian | 1.2% | 71.4% |
% Foreign Born | 2.8% | 47.4% |
Mortgage and Risk — Farmington, AR
According to HUD data as of 2023, there were 268 mortgage originations in Farmington, AR, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Farmington, AR. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 268 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Farmington, AR
Farmington, AR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 58 |
Total Units Section 8 | 58 |
% Rentals under Section 8 | 7.1% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,080 |
| 2 Bedroom | $0 | $1,300 | $1,300 |
| 3 Bedroom | $120 | $1,700 | $1,820 |
| 4 Bedroom | -$300 | $2,400 | $2,100 |
Affordability — Farmington, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $329,000 |
| Median Household Income | $88,800 |