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
67.1%
2023
63.5%
Total change
-3.6 pp
% change
-5.4%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 67.1% | — |
| 2019 | 63.8% | -3.3 pp (-4.9%) |
| 2020 | 63.0% | -0.8 pp (-1.3%) |
| 2021 | 63.8% | +0.8 pp (1.3%) |
| 2022 | 62.9% | -0.9 pp (-1.4%) |
| 2023 | 63.5% | +0.6 pp (1%) |