Farmington, IA Foreclosures
How much do homes sell for in Farmington, IA?
The average home price is currently $159,440.
In Farmington, IA, how many homes are available?
There are currently 35 active home listings available in Farmington.
What’s the average rental cost in Farmington, IA?
The average rental price in Farmington is $1,058.
What is the most expensive home in Farmington?
The most expensive home sold in Farmington had a price of $832,679.
What is currently the cheapest priced home in Farmington, IA?
The cheapest home for sale in Farmington is priced at $13,734.
Living in Farmington, IA
Farmington is a charming small town located in the southeastern part of Iowa. Known for its friendly community atmosphere, residents enjoy a slower pace of life surrounded by beautiful countryside. With access to local parks, outdoor activities, and family-owned businesses, Farmington is a great place for both individuals and families looking to settle down.
Current Market Conditions in Farmington, IA
The real estate market in Farmington, IA is currently stable with modest fluctuations in property prices. The demand for homes has been consistent, with families looking to capitalize on the town's affordability and quiet living environments.
There has been an uptick in interest from buyers in the area, primarily due to its appeal as a rural escape while still being within commuting distance of larger cities such as Burlington. Home prices have seen a moderate increase, making it a potentially wise investment for buyers.
Home Value Estimator For Farmington, IA
There are currently 496 real estate properties
in Farmington, IA,
with a median automated valuation model (AVM) price
of $114,433.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Farmington, IA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Farmington, IA,
is $159,440.00, with the most expensive house
in Farmington, IA, topping out
at $832,679.00 and the cheapest home
in Farmington, IA,
clocking in at $13,734.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Farmington, IA!
Rent Prices
In Farmington, IA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Farmington, IA, is on
a rollercoaster ride. The
average rent price in Farmington, IA,
is $1,058.00. Indeed, when looking to rent in
Farmington, IA, you can expect to pay as little
as $610.00 or as much
as $1,750.00,
with the average rent median estimated to
be $1,020.00. The good news is that finding
an affordable and desirable property to rent in Farmington, IA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
