Farmington city: Homeownership Rate Trend
How Farmington city's homeownership rate changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
58.6%
2023
73.7%
Total change
+15.1 pp
% change
+25.8%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 58.6% | — |
| 2019 | 67.8% | +9.2 pp (15.7%) |
| 2020 | 70.3% | +2.5 pp (3.7%) |
| 2021 | 75.6% | +5.3 pp (7.5%) |
| 2022 | 75.8% | +0.2 pp (0.3%) |
| 2023 | 73.7% | -2.1 pp (-2.8%) |