Farmington, MO housing market
The typical Farmington home is worth about $260,000, up 4.6% in a year, close to the Missouri typical home. Homes typically sell in 72 days, below asking.
Home values, sales, trends and how Farmington compares with the towns next door — updated as new data is published.
Farmington at a glance
A seller's market
Supply is tight — about 3.5 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Farmington | Missouri |
|---|---|---|
| 2017 | $139,000 | $148,000 |
| 2018 | $148,000 | $156,000 |
| 2019 | $156,000 | $165,000 |
| 2020 | $161,000 | $173,000 |
| 2021 | $180,000 | $193,000 |
| 2022 | $208,000 | $219,000 |
| 2023 | $224,000 | $237,000 |
| 2024 | $233,000 | $247,000 |
| 2025 | $245,000 | $258,000 |
| 2026 | $253,000 | $263,000 |
| August 2026 | $260,000 | $268,000 |
80 new homes permitted in 2025
Builders were permitted 80 new homes in Farmington in 2025: 28 single-family houses and 52 in buildings with two or more homes, worth about $17.7 million to build. That's 4.4 per 1,000 residents, about the pace of Missouri as a whole. Over the past 10 years, Farmington has permitted 1,363 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Farmington gained 1,977 residents while 1,740 new homes were permitted: about 1.1 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. Across Missouri: 1.1 new residents per new home.
How Farmington ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 36 | 17 | 19 | $8.5 million |
| 2025 | 80 | 28 | 52 | $17.7 million |
| 2024 | 77 | 23 | 54 | $12.6 million |
| 2023 | 465 | 27 | 438 | $48.4 million |
| 2022 | 46 | 36 | 10 | $10.8 million |
| 2021 | 64 | 52 | 12 | $13.2 million |
| 2020 | 88 | 42 | 46 | $11.2 million |
| 2019 | 34 | 28 | 6 | $5.4 million |
| 2018 | 136 | 42 | 94 | $13.4 million |
| 2017 | 242 | 43 | 199 | $17.8 million |
| 2016 | 131 | 46 | 85 | $12.5 million |
| 2015 | 122 | 44 | 78 | $11.7 million |
| 2014 | 98 | 45 | 53 | $10 million |
| 2013 | 93 | 35 | 58 | $9.1 million |
| 2012 | 328 | 33 | 295 | $27 million |
| 2011 | 277 | 29 | 248 | $22.9 million |
| 2010 | 279 | 30 | 249 | $23 million |
| 2009 | 241 | 33 | 208 | $20.1 million |
| 2008 | 111 | 31 | 80 | $6.8 million |
| 2007 | 92 | 76 | 16 | $11.4 million |
| 2006 | 168 | 56 | 112 | $18.2 million |
| 2005 | 159 | 61 | 98 | $14 million |
| 2004 | 145 | 67 | 78 | $15 million |
| 2003 | 199 | 73 | 126 | $19.7 million |
| 2002 | 120 | 43 | 77 | $10.4 million |
| 2001 | 59 | 41 | 18 | $5.9 million |
| 2000 | 54 | 42 | 12 | $5.4 million |
How Farmington ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
4.8 years of income
The typical Farmington home costs about 4.8 years of the town's median household income, more than across Missouri (3.8 years).
How Farmington ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $970
HUD's Fair Market Rent for a two-bedroom in Farmington is $970 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Farmington pay a median of $855, so moving in tends to cost more than staying put. A two-bedroom takes about 22% of the town's median household income.
Studio $730 · 4 bedrooms $1,330
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (63640; Madison County, MO), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.