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Learn about the people, housing, costs and businesses in Farmington
Real local data across mortgage, insurance, natural hazard, and place.
FHA, VA, Conventional & Jumbo · Purchase & Refi rates in Farmington.
True all-in cost — P&I, taxes, insurance & utilities for homes in Farmington.
Find and compare lenders active near Farmington.
FEMA flood zones and flood insurance estimates for Farmington.
Seismic risk and earthquake insurance estimates for Farmington.
Wildfire exposure and insurance estimates for Farmington.
Mortgage rates for Farmington are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.
View current rates for FarmingtonThe median home value in Farmington is $186k. The median monthly rent is $980. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.
Home values in Farmington have increased 18.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.
Based on a typical all-in ownership cost of $882/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Farmington is $57k/year.
Calculate your buying powerThe largest employment sectors in Farmington are public administration (27%) and agriculture and mining (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.