Market Overview
Home Prices in Farmington, ME
The median home value in Farmington, ME is $284,618 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.7% compared to a year ago and down 0.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Farmington are priced31% below average.
Over the past five years, Farmington home values have risen by approximately37.3%, reflecting strong long-term appreciation in this market.
Price History
Farmington Home Price Trend
2020
$167,171
$167K
—
2021
$207,333
$207K
+24.0%
2022
$245,991
$246K
+18.6%
2023
$263,210
$263K
+7.0%
2024
$283,004
$283K
+7.5%
2025
$282,680
$283K
-0.1%
2026
$284,618
$285K
+0.7%
City Comparison
Farmington vs. National Median
🏠 Farmington
$284,618
National Median
$410,000
At $284,618, homes in Farmington cost 31% below the national median of $410,000. This makes Farmington a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Farmington?
20% Down Payment
$56,924
on $284,618
Monthly P&I
$1,484/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,885/mo
incl. taxes & insurance
Income Needed
$75,400
gross annual (30% rule)
10% Down Option
$28,462
+ PMI applies
Loan Amount (20% dn)
$227,694
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Farmington, ME?
The median home value in Farmington is $284,618 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.7% year-over-year.
How much have home prices changed in Farmington?
Over the past year, home values in Farmington have increased by 0.7%. Over five years, prices have risen approximately 37.3%.
How much do I need to earn to buy a home in Farmington?
To comfortably afford the median home price of $284,618 with a 20% down payment ($56,924) at today's rates (6.8%), you'd need a gross annual income of approximately $75,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Farmington compare to the national average home price?
The national median home value is approximately $410,000. At $284,618, homes in Farmington are 31% below the national average.