Farmington, UT
Full City Profile · Utah · Salt Lake County County
3.7
/5.0
B+
Good
24,934
Population
2,506/sq mi density
$120,432
Median Income
$44,512 per capita
$618,400
Home Value
$682,135 Zillow
$1,644
Median Rent
29.2% income on rent
51°F
Avg Temperature
308 sunny days/yr
75
Violent Crime/100K
1,377 property/100K
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$120,432 median income, 1.4% unemployment
B+
Affordability
3.8 / 5.0
$618,400 home value, $1,644/mo rent
F
Safety
1.0 / 5.0
75 violent crimes/100K
A+
Education
5.0 / 5.0
50.6% bachelor's degree or higher
Housing Overview
Median Home Value
$618,400
119% above
US avg: $281,900
Median Rent
$1,644/mo
41% above
US avg: $1,163/mo
Homeownership Rate
82.5%
26% above US avg (65.4%)
Total Housing Units
7,135
Median year built: 2002
Home Value by Source
Census Median
$618,400
Zillow (ZHVI)
$682,135
Median Sale Price
$562,450
Median List Price
$699,985
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
$981/mo
1 Bedroom
$1,082/mo
2 Bedroom
$1,313/mo
3 Bedroom
$1,746/mo
4 Bedroom
$2,105/mo
Census median rent:
$1,644/mo
· Zillow rent:
$1,733/mo
Market Indicators (Redfin)
Median Days on Market
77 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
10
Price Drops
34.0%
of listings with price reduction
Price Per Sq Ft
$273
Active Inventory
47
homes for sale
Affordability & Housing Stock
Rent Burden
29.2%
of renters spending 30%+ of income on housing
6% below US avg (31.0%)
Median Year Built
2002
Average age of housing stock: 24 years
Homeownership Rate
82.5%
Complete Housing Data
Home Values
| Census Median Value | $618,400 |
| Zillow Home Value (ZHVI) | $682,135 |
| Median Sale Price | $562,450 |
| Median List Price | $699,985 |
| Price Per Sq Ft | $273 |
Rent
| Census Median Rent | $1,644 |
| Zillow Rent (ZORI) | $1,733 |
| FMR Studio | $981 |
| FMR 1-Bedroom | $1,082 |
| FMR 2-Bedroom | $1,313 |
| FMR 3-Bedroom | $1,746 |
| FMR 4-Bedroom | $2,105 |
Market
| Days on Market | 77 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 34.0% |
| Homes Sold | 10 |
| Active Inventory | 47 |
| Price Per Sq Ft | $273 |
Ownership & Stock
| Owner-Occupied | 82.5% |
| Renter-Occupied | 17.5% |
| Homeownership Rate | 82.5% |
| Total Housing Units | 7,135 |
| Median Year Built | 2002 |
| Rent Burden | 29.2% |
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