Farmington, KY Foreclosures
How much do homes sell for in Farmington, KY?
The average home price is currently $217,245.
In Farmington, KY, how many homes are available?
There are currently 1 active home listings available in Farmington.
What’s the average rental cost in Farmington, KY?
The average rental price in Farmington is $984.
What is the most expensive home in Farmington?
The most expensive home sold in Farmington had a price of $915,751.
What is currently the cheapest priced home in Farmington, KY?
The cheapest home for sale in Farmington is priced at $23,641.
Living in Farmington, KY
Farmington, KY, is a quaint, family-friendly community known for its welcoming atmosphere and beautiful outdoor spaces. Residents enjoy a variety of local shops, parks, and community events that encourage neighborhood involvement. With excellent schools and easy access to larger cities, Farmington is perfect for families and individuals seeking a peaceful yet connected lifestyle.
Current Market Conditions in Farmington, KY
The current real estate market in Farmington is steady, with a growing interest from first-time homebuyers and families looking for suburban tranquility. Home prices have been gradually increasing as demand grows, but the area remains affordable compared to larger metropolitan markets in Kentucky. Inventory levels are typical for this time of year, indicating a balanced market for buyers and sellers alike.
Recently, there has been a surge in demand for properties in Farmington, leading to more competitive offers on homes. This upward trend suggests a healthy market, with particular interest in single-family homes. Real estate agents note that homes are selling faster than in previous years, indicating a shift in interest towards the Farmington area.
Home Value Estimator For Farmington, KY
There are currently 357 real estate properties
in Farmington, KY,
with a median automated valuation model (AVM) price
of $179,484.00. 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, KY, 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, KY,
is $217,245.00, with the most expensive house
in Farmington, KY, topping out
at $915,751.00 and the cheapest home
in Farmington, KY,
clocking in at $23,641.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Farmington, KY!
Rent Prices
In Farmington, KY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Farmington, KY, is on
a rollercoaster ride. The
average rent price in Farmington, KY,
is $984.00. Indeed, when looking to rent in
Farmington, KY, you can expect to pay as little
as $490.00 or as much
as $1,960.00,
with the average rent median estimated to
be $900.00. The good news is that finding
an affordable and desirable property to rent in Farmington, KY
-- 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.
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