According to statistics, the population in Farmington, IA amounts to 791, which shows decline -18% compared to the previous year. The median age of the city’s residents is 40. The average household income is $36,063, shifting decline -3% from the past year, and the average property value in Farmington, IA decline -2% to $49,400 throughout the year.
Month | Median Price |
---|---|
Mar 2024 |
$260,353
|
Feb 2024 |
$260,353
|
Jan 2024 |
$260,353
|
Dec 2023 |
$260,353
|
Nov 2023 |
$284,061
|
Oct 2023 |
$306,098
|
Month | Median Price |
---|---|
Mar 2024 |
$381,580
|
Feb 2024 |
$381,580
|
Jan 2024 |
$381,580
|
Dec 2023 |
$417,745
|
Nov 2023 |
$398,029
|
Oct 2023 |
$372,334
|
The average household income in Farmington, IA declined from $37,250 to $36,063 in the past year. This data is an estimate based upon 339 households in Farmington, IA . The chart below presents how household income is distributed in Farmington, IA in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Farmington, IA shifted from $50,600 to $49,400 throughout the year. The subsequent graph indicates the share of properties in the given price range in Farmington, IA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Farmington, IA properties falls in the '$40,000 to $49,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Farmington, IA compared to median property taxes around the country. The prevalent amount of property taxes in Farmington, IA equals $800, which is less than the national average.