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
86.0%
2023
69.7%
Total change
-16.3 pp
% change
-19%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 86.0% | — |
| 2019 | 79.7% | -6.3 pp (-7.3%) |
| 2020 | 75.1% | -4.6 pp (-5.8%) |
| 2021 | 66.3% | -8.8 pp (-11.7%) |
| 2022 | 70.5% | +4.2 pp (6.3%) |
| 2023 | 69.7% | -0.8 pp (-1.1%) |