House Prices

House Prices & Home Values Farmington, IL 2026


Average Data

average house price$94,386
average size per house1417 ft²
average price per ft²67 $ / ft²

04/19/2026 - The value range (VR) for house prices in Farmington, IL is $69/ sqft to $69/ sqft. An average home with 1417 sqft costs approximately $97,773 to $97,773. Farmington, IL includes 1 ZIP codes and it is located in Fulton county. The lowest prices are found in ZIP 61531, while the highest are in ZIP 61531. The average price per sqare feet is $67. Our analysis is based on 7 property listings.

Avergage prices by ZIP codes Farmington

6153165 $ / ft²




Historical development of home values in Farmington

Year Estimated value (USD) Change vs. 2025
2010 $43,835 -53.6%
2011 $42,139 -55.4%
2012 $42,026 -55.5%
2013 $43,597 -53.8%
2014 $45,765 -51.5%
2015 $48,113 -49.0%
2016 $50,624 -46.4%
2017 $53,357 -43.5%
2018 $56,307 -40.3%
2019 $58,917 -37.6%
2020 $61,963 -34.4%
2021 $70,476 -25.3%
2022 $82,160 -13.0%
2023 $86,641 -8.2%
2024 $91,654 -2.9%
2025 $94,386 0.0%

Graph: estimated home values in Farmington over time (USD)



Example: 100% financing house in Farmington

Loan amount: $94,386

Interest rate: 6.00%

Fixed monthly payment: $565.89

Breakdown in the 1st month:
Interest portion: $471.93  –  Principal portion: $93.96

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $5,631.63 $1,159.07 $93,226.93
2 $5,560.14 $1,230.56 $91,996.37
3 $5,484.24 $1,306.46 $90,689.91
4 $5,403.66 $1,387.04 $89,302.87
5 $5,318.11 $1,472.59 $87,830.29
6 $5,227.29 $1,563.41 $86,266.87
7 $5,130.86 $1,659.84 $84,607.03
8 $5,028.48 $1,762.22 $82,844.81
9 $4,919.79 $1,870.91 $80,973.91
10 $4,804.40 $1,986.30 $78,987.61
11 $4,681.89 $2,108.81 $76,878.80
12 $4,551.82 $2,238.88 $74,639.92
13 $4,413.74 $2,376.97 $72,262.96
14 $4,267.13 $2,523.57 $69,739.38
15 $4,111.48 $2,679.22 $67,060.16
16 $3,946.23 $2,844.47 $64,215.69
17 $3,770.79 $3,019.91 $61,195.78
18 $3,584.53 $3,206.17 $57,989.61
19 $3,386.78 $3,403.92 $54,585.69
20 $3,176.83 $3,613.87 $50,971.82
21 $2,953.94 $3,836.76 $47,135.06
22 $2,717.30 $4,073.41 $43,061.66
23 $2,466.06 $4,324.64 $38,737.01
24 $2,199.32 $4,591.38 $34,145.63
25 $1,916.14 $4,874.57 $29,271.07
26 $1,615.48 $5,175.22 $24,095.85
27 $1,296.29 $5,494.41 $18,601.44
28 $957.40 $5,833.30 $12,768.14
29 $597.62 $6,193.08 $6,575.06
30 $215.64 $6,575.06 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Farmington, IL


1500 sqft3900 sqft
Ø selling price$121,606$258,688
Ø fast selling$110,551$232,819
Ø high price sale$132,660$284,556

In 2026, houses in Farmington, IL will be offered at an average price of $67 per square foot. A 1,500 sqft home priced at $121,606 is 21.53% more expensive per square foot than a 3,900 sqft home priced at $258,688. Home prices in Farmington, IL vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $179,091. Sellers who can wait longer may achieve a higher price of up to $218,890.


Farmington, IL Travel & Living Guide

Why Farmington, Illinois Stands Out

Located in Fulton County along Illinois Route 116, Farmington, IL blends small-town charm with easy access to Peoria.
Its walkable historic downtown features local shops, cafes, and preserved architecture that reflect the city?s heritage. Residents praise the strong community spirit, with neighborhood events and youth sports centered around Farmington Central schools and local nonprofits.
Outdoor enthusiasts find nearby trails, lakes, and state fish and wildlife areas ideal for fishing, paddling, and birding. Affordable housing and a reasonable cost of living make Farmington Illinois real estate appealing to first-time buyers, retirees, and remote workers.

Things to Do and Practical Details

Proximity to Peoria provides commuting convenience, regional healthcare, and entertainment while preserving Farmington?s peaceful pace. The local dining scene mixes classic diners with family-owned restaurants, highlighting Midwest comfort food and friendly service. Seasonal festivals and markets, including access to Spoon River Scenic Drive stops across the county, draw visitors and boost small businesses.
Well-kept parks, playgrounds, and ballfields support year-round recreation, from pickup games to community tournaments. Whether visiting for a weekend or planning a move, Farmington, IL offers a welcoming base to live, work, and explore central Illinois.



FAQ – Home Values in Farmington

What is the median home value in Farmington in 2026?

In 2026, the typical home value in Farmington is about $94,386 for an average home size of 1417 square feet. This corresponds to an average price of roughly $67 per square foot.

What is the average cost per square foot in Farmington?

In 2026, homes in Farmington sell for an average of around $67 per square foot, with a typical range between $69 and $69 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Farmington is about 1417 square feet, with an estimated 2026 value around $94,386.



Locations close to Farmington, IL

Forest City, IL44 $ / ft²
Glasford, IL81 $ / ft²
Green Valley, IL109 $ / ft²
Eureka, IL98 $ / ft²
Elmwood, IL79 $ / ft²
Edwards, IL122 $ / ft²
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