Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 10,501, 2,581 total housing units (homes and apartments), and a median house value of $375,345, Farmersville real estate values are some of the lowest in California, although compared to real estate around the nation, Farmersville homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Farmersville, accounting for 79.08% of the city's housing units. Other types of housing that are prevalent in Farmersville include large apartment complexes or high rise apartments ( 12.57%), mobile homes or trailers ( 4.44%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.69%).
The most prevalent building size and type in Farmersville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.35% owning and 35.65% renting.
There is a lot of housing in Farmersville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Farmersville built between 2000 and later ( 27.52%). A lesser amount of the housing stock also hails from between 1940-1969 ( 26.51%). There's also some housing in Farmersville built before 1939 ( 2.50%).
Appreciation rates for homes in Farmersville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 112.30%, which ranks in the top 30% nationwide. This equates to an annual average Farmersville house appreciation rate of 7.82%.
NeighborhoodScout's data show that during the latest twelve months, Farmersville's appreciation rate, at 4.02%, has been at or slightly above the national average. In the latest quarter, Farmersville's appreciation rate has been -1.00%, which annualizes to a rate of -3.93%.
Notably, Farmersville's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Farmersville's latest annual appreciation rate is higher than 90% of the other cities and towns in California.
$375,345
for California
for nation
2,581
$1,653 / per month