Farmington, NY—14425
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Farmington, NY
As of Nov '25, the median home price in Farmington, NY is $314,000, with a year-over-year change of 4.3%. This indicates that home prices in Farmington, NY are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $314,000 | 4.3% |
| Single Family | $315,000 | 4.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $235,000 | 4.9% |
3 Bed | $286,000 | 4.0% |
4 Bed | $395,000 | 5.3% |
| 5 Bed | $467,760 | 6.1% |
% of Housing Stock
Rental Trends — Farmington, NY
As of July '25, Rentcast reports the average rent in Farmington, NY is $1,760, with a year-over-year rent change of 2.3%. Per bedroom, the median rent as of July '25 in Farmington, NY is 1-bedrooms: $1,320, 2-bedrooms: $1,330, 3-bedrooms: $2,930. The most common rental property sizes in Farmington, NY are 3-bedroom and 1-bedroom, accounting for 46.3% and 26.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,760 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,110 | $1,320 |
| 2 Bed Rent | $1,200 | $1,330 |
| 3 Bed Rent | $2,600 | $2,930 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Farmington, NY
As of Nov '25, Realtor.com reports that the median days on market for a home in Farmington, NY is 65. This is a decrease of -16.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $526,000 | 13.0% |
Listing Count | 32 | 14.0% |
| Listings as % of Homes | 0.3% | 14.0% |
Days on Market | 65 | -16.0% |
Demographics — Farmington, NY
As of the latest ACS Survey released in 2023, Farmington, NY has a population of 13,600, which has increased by 14.6% over the past 5 years. Farmington, NY is a popular place for families, as children make up 25.3% of the population. The area has a moderately educated workforce, with 39.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,600 | 14.6% |
% Under 18 | 25.3% | -1.2% |
% Seniors | 14.3% | 7.5% |
% WFH | 11.3% | 222.9% |
% w/ College Degree | 39.1% | -3.0% |
As of the latest ACS Survey released in 2023, Farmington, NY is a predominantly white area, with 85.7% of the population identifying as white. The white population has shrunk by 3.5% in the last 5 years. The second most common race or ethnicity in Farmington, NY is hispanic, making up 5.1% of the population. Foreign-born residents account for 3.1% of the population in Farmington, NY, and this percentage has decreased by 3.1% 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 | 85.7% | -3.5% |
% Black | 3.1% | -13.9% |
% Hispanic | 5.1% | -1.9% |
% Asian | 1.5% | 66.7% |
% Foreign Born | 3.1% | -3.1% |
Mortgage and Risk — Farmington, NY
According to HUD data as of 2023, there were 316 mortgage originations in Farmington, NY, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Farmington, NY. Investor activity is low, as 2.0% 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 | 316 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Rentals and Section 8 — Farmington, NY
Farmington, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 198 |
Total Units Section 8 | 175 |
% Rentals under Section 8 | 13.3% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $320 | $1,110 | $1,430 |
| 2 Bedroom | $580 | $1,200 | $1,780 |
| 3 Bedroom | -$450 | $2,600 | $2,150 |
| 4 Bedroom | N/A | N/A | $2,360 |
Affordability — Farmington, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $314,000 |
| Median Household Income | $92,000 |