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ZipNumbers

Iowa · Census place 26895

Farmington city, IA

Quick answer

Farmington city has 531 residents, ranking #456 of 1026 places in Iowa. Median household income is $54,643, the median home is worth $63,600 and median gross rent runs $692 a month.

Population
531Farmington city residents
Median household income
$54,643Past 12 months, inflation adjusted
Median home value
$63,600Owner-occupied units
Median gross rent
$692Rent plus utilities, monthly
Median age
52.7 yrsAll residents
Homeownership rate
82.5%Owner-occupied households

What the numbers mean in Farmington city

Housing cost measured against local earnings.

A household earning the Farmington city median would spend about 15.2% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 9.8% of residents and 82.5% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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