What is the median home price in Farmington?

The median home price in Farmington, Farmington city, New Mexico is $219,300, which is 22% below the national average of 281,900 ($281,900).

Farmington, Farmington city, New Mexico has a violent crime rate of 0.4 per 1,000 residents, which is 89% below the national average, making it relatively safe. The national average is 3.6 per 1,000 residents. The property crime rate is 0.1 per 1,000 residents.

What is the Walk Score for Farmington?

Farmington, Farmington city, New Mexico has a Walk Score of 0 out of 100, classified as "Almost All Errands Require a Car." The national average Walk Score is 48/100. The bike score is 12/100.

What is the median household income in Farmington?

The median household income in Farmington, Farmington city, New Mexico is $61,388, which is 18% below the national average of 74,580 ($74,580).

What is the average rent in Farmington?

The median rent in Farmington, Farmington city, New Mexico is $714 per month. The national average median rent is $1,163/month.

What is the air quality in Farmington?

Farmington, Farmington city, New Mexico has an Air Quality Index (AQI) of 40, categorized as "Good." The national average AQI is 42. An AQI under 50 is considered "Good."

What is the population of Farmington?

The population of Farmington, Farmington city, New Mexico is approximately 46,457. The homeownership rate is 84.0% (national average: 65.9%).

What are the climate risks in Farmington?

Farmington, Farmington city, New Mexico has an overall climate risk rating of "Very High" with a risk score of 97.93. This assessment considers hazards such as flooding, wildfire, extreme heat, and severe storms.

Is Farmington affordable?

Farmington, Farmington city, New Mexico has an affordability index of 136, which is above the national baseline of 100, indicating relatively affordable housing. The electricity rate is 14.5¢/kWh (national average: 16.6¢/kWh).

What is the unemployment rate in Farmington?

The unemployment rate in Farmington, Farmington city, New Mexico is 7.7%. The national average unemployment rate is 3.7%. The poverty rate is 20.8% (national average: 12.4%).

Farmington

Farmington city, New Mexico

Affordable

About Farmington

As your local real estate expert, I can tell you Farmington, New Mexico, offers a unique blend of affordability and Southwestern charm. Imagine owning a home in a community where the median home value is a comfortable $219,300, a significant contrast to the national average. Farmington provides a relaxed pace of life, perfect for those seeking a break from the hustle and bustle. The city is known for its friendly atmosphere and strong sense of community, making it an ideal place to settle down and enjoy the simple pleasures of life.

From an investment perspective, Farmington presents a compelling case. The median household income stands at $61,388, reflecting a stable economic base. While specific employment data fluctuates, the overall cost of living remains low, making it an attractive option for first-time homebuyers or those looking to stretch their dollar. Safety is a priority in Farmington, contributing to the overall quality of life. This city is best suited for individuals and families seeking affordability, a tight-knit community, and a gateway to the stunning landscapes of the American Southwest.

Farmington, New Mexico at a Glance

Farmington is a city in Farmington city, New Mexico with a population of approximately 46,457. The median home value is $219,300 and the median household income is $61,388. It has a Walk Score of 0 out of 100, indicating car dependency. The violent crime rate is 0.4 per 1,000 residents, which is 89% below the national average. Air quality is rated Good. The overall climate risk is rated as "Very High." Median rent is $714 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.