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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
83%
18%
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 Market77
Sale-to-List Ratio1.0%
Price Drops34.0%
Homes Sold10
Active Inventory47
Price Per Sq Ft$273

Ownership & Stock

Owner-Occupied82.5%
Renter-Occupied17.5%
Homeownership Rate82.5%
Total Housing Units7,135
Median Year Built2002
Rent Burden29.2%