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Farmington, IL Real Estate


According to census data in the year 2000 there were 1,105 housing units in Farmington. This represents a 0.3% decline from 1,108 in 1990.

Of those housing units, 1,067 were located in either urbanized areas or urban clusters, and 38 were located in what is classified as a rural area.

Homeownership rate in Farmington is about 79.8%. Farmington's vacancy rate, including seasonal lodging, is about 7.2%. Average household size is 2.4 people.

The majority of houses, apartments or condos in Farmington were built after 1941.

Statistics

Housing Size

Housing Units by Size
Studio Type0.50%
One Bedroom11.90%
Two Bedrooms27.80%
Three Bedrooms48.60%
Four Bedrooms9.30%
Five Bedrooms or more1.90%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.44
Median year structure was built1939
Median Value of occupied units$65,800
Median Price asked for vacant units$76,700

Rented Homes, Apartments and Condos

Average Household Size2.28
Median year structure was built1950
Median Monthly Rent asked for vacant units$275

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.60%
Home Equity Loan2.30%
Simple Mortgage35.80%
Debt Free56.20%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs14.2%