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Farmington, IA
Full City Profile · Iowa · Lee County County
3.0
/5.0
B
Good
531
Population
1,154/sq mi density
$54,643
Median Income
$32,034 per capita
$63,600
Home Value
$126,569 Zillow
$692
Median Rent
29.8% income on rent
52°F
Avg Temperature
275 sunny days/yr
127
Violent Crime/100K
2,921 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$54,643 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$63,600 home value, $692/mo rent
F
Safety
1.0 / 5.0
127 violent crimes/100K
D
Education
1.8 / 5.0
10.6% bachelor's degree or higher
Housing Overview
Median Home Value
$63,600
77% below
US avg: $281,900
Median Rent
$692/mo
40% below
US avg: $1,163/mo
Homeownership Rate
82.5%
26% above US avg (65.4%)
Total Housing Units
327
Median year built: 1953
Home Value by Source
Census Median
$63,600
Zillow (ZHVI)
$126,569
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
82.5%
Owner-Occupied
17.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$738/mo
1 Bedroom
$788/mo
2 Bedroom
$989/mo
3 Bedroom
$1,282/mo
4 Bedroom
$1,420/mo
Census median rent:
$692/mo
Affordability & Housing Stock
Rent Burden
29.8%
of renters spending 30%+ of income on housing
4% below US avg (31.0%)
Median Year Built
1953
Average age of housing stock: 73 years
Homeownership Rate
82.5%
Complete Housing Data
Home Values
| Census Median Value | $63,600 |
| Zillow Home Value (ZHVI) | $126,569 |
Rent
| Census Median Rent | $692 |
| FMR Studio | $738 |
| FMR 1-Bedroom | $788 |
| FMR 2-Bedroom | $989 |
| FMR 3-Bedroom | $1,282 |
| FMR 4-Bedroom | $1,420 |
Market
Ownership & Stock
| Owner-Occupied | 82.5% |
| Renter-Occupied | 17.5% |
| Homeownership Rate | 82.5% |
| Total Housing Units | 327 |
| Median Year Built | 1953 |
| Rent Burden | 29.8% |