According to statistics, the population in Farmington, IL amounts to 2,443, which shows decline -3% compared to the previous year. The median age of the city’s residents is 39. The average household income is $53,295, shifting growth 7% from the past year, and the average property value in Farmington, IL growth 2% to $95,900 throughout the year.
|Number Of Employees||1,191|
|Median Property Value||$95,900|
The average household income in Farmington, IL grew from $49,784 to $53,295 in the past year. This data is an estimate based upon 985 households in Farmington, IL . The chart below presents how household income is distributed in Farmington, IL in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Farmington, IL shifted from $93,700 to $95,900 throughout the year. The subsequent graph indicates the share of properties in the given price range in Farmington, IL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Farmington, IL properties falls in the '$100,000 to $124,999' 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, IL compared to median property taxes around the country. The prevalent amount of property taxes in Farmington, IL equals $2500, which is less than the national average.
|Apartment Size||Nov||vs Last Month|
|2 bed for sale||$99,900||N/A|
|3 bed for sale||$88,200||-1.9%|
|4+ bed for sale||$91,450||N/A|
During Nov 2021, the average price for an apartment in/near Farmington, IL increased by 1.6% to $92,100.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $99,900. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $88,200. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $91,450 for a big-family home.
|Listing Type||Nov||vs Last Month|
|Houses for sale||$92,100||+1.6%|
According to statistics, average house is still $92,100 with no significant changes this month.
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