Farmington, NM Metro Area: Homeownership Rate Trend
How Farmington, NM Metro Area'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
73.0%
2023
70.2%
Total change
-2.8 pp
% change
-3.8%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 73.0% | — |
| 2019 | 71.0% | -2.0 pp (-2.7%) |
| 2020 | 70.8% | -0.2 pp (-0.3%) |
| 2021 | 70.7% | -0.1 pp (-0.1%) |
| 2022 | 70.4% | -0.3 pp (-0.4%) |
| 2023 | 70.2% | -0.2 pp (-0.3%) |