Farmington, NH 03835 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Farmington, NH—03835

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$401,000

4.6% YoY Growth

Household Income

$63,700

1.8% YoY Growth

Days on Market

5.0% Longer YoY

Home Price Forecast

2.2%

Median Rent

$2,200

4.5% YoY Growth

1-Bed Rent

$1,600

3.0% YoY Growth

2-Bed Rent

$2,200

15.2% YoY Growth

3-Bed Rent

$2,400

20.0% YoY Growth

Home Price Trends — Farmington, NH

As of Dec '25, the median home price in Farmington, NH is $401,000, with a year-over-year change of 4.6%. This indicates that home prices in Farmington, NH are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$401,000	4.6%
Single Family	$403,000	4.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

20.2%

1 Bedroom

43.8%

2 Bedrooms

20.3%

3 Bedrooms

15.7%

Property Listings — Farmington, NH

As of Dec '25, Realtor.com reports that the median days on market for a home in Farmington, NH is 36. This is a increase of 16.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$432,000	0.0%
Listing Count	12	-37.0%
Listings as % of Homes	0.3%	-37.0%
Days on Market	48	5.0%

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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%

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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%

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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%

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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

Farmington, NH—03835

Key Metrics at a Glance

Home Price Trends — Farmington, NH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Farmington, NH

% of Rental Stock

Property Listings — Farmington, NH

Demographics — Farmington, NH

Race and Ethnicity

Mortgage and Risk — Farmington, NH

Mortgages

Rentals and Section 8 — Farmington, NH

Section 8 Market Size

Section 8 Opportunity

Affordability — Farmington, NH

Home Price to Income Ratio

Farmington, NH — ZIP Code Boundary Map

Nearby ZIP Codes

Milton, NH

Rochester, NH

Strafford, NH

New Durham, NH

Middleton, NH

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.2
Median Home Price	$401,000
Median Household Income	$63,700

Farmington, NH—03835

Key Metrics at a Glance

Home Price Trends — Farmington, NH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Farmington, NH

% of Rental Stock

Property Listings — Farmington, NH

Demographics — Farmington, NH

Race and Ethnicity

Mortgage and Risk — Farmington, NH

Mortgages

Rentals and Section 8 — Farmington, NH

Section 8 Market Size

Section 8 Opportunity

Affordability — Farmington, NH

Home Price to Income Ratio

Farmington, NH — ZIP Code Boundary Map

Nearby ZIP Codes

Milton, NH

Rochester, NH

Strafford, NH

New Durham, NH

Middleton, NH

Frequently Asked Questions

What is the average home price in Farmington, NH 03835?

How have home prices in Farmington, NH 03835 changed over the past year?

What is the home price projection for Farmington, NH 03835?

What are the demographics of Farmington, NH 03835?

How long does it take homes to sell in Farmington, NH 03835?

What is the average rent price in Farmington, NH 03835?