Home Values

Farmington Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$141,100

  • 2.9% 1-year change
  • None 1-year forecast

The median home value in Farmington is $141,100. Farmington home values have gone up 2.9% over the past year. The median list price per square foot in Farmington is $106, which is higher than the Rochester Metro average of $86. The median price of homes currently listed in Farmington is $194,900 while the median price of homes that sold is $138,800. The median rent price in Farmington is $850, which is lower than the Rochester Metro median of $900.

Foreclosures will be a factor impacting home values in the next several years. In Farmington 1.9 homes are foreclosed (per 10,000). This is lower than the Rochester Metro value of 3.1 and also lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Farmington is 4.2%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Farmington homeowners underwater on their mortgage is 7.2%, which is lower than Rochester Metro at 7.7%.

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Relative ZHVI
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Farmington Market Overview

Data through Dec 31, 2014
  • $141,100 ZHVI
  • No data 1-yr forecast
  • $194,900 Median listing price
  • No recent data Median sale price
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Farmington Market Health

Data through Dec 31, 2014
  • 7.3/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 7.2% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 4.2% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

1.9 homes(Feb 28, 2006) Farmington
3.1 homes Rochester Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Town of Pittsford $255,800
Mendon $238,800
Perinton $187,800
Name Median ZHVI
Penfield $182,400
Fairport $170,000
East Rochester $91,100

Listings & Sales

Data through Dec 31, 2014
  • $106 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 14.6% Listings with price cut
13.8%
Sold below listing
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Farmington Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,526 Farmington
    $1,404 Rochester Metro
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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