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
56.9%
2023
52.6%
Total change
-4.3 pp
% change
-7.6%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 56.9% | — |
| 2019 | 56.3% | -0.6 pp (-1.1%) |
| 2020 | 53.9% | -2.4 pp (-4.3%) |
| 2021 | 53.6% | -0.3 pp (-0.6%) |
| 2022 | 53.4% | -0.2 pp (-0.4%) |
| 2023 | 52.6% | -0.8 pp (-1.5%) |