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Farmington, PE

Updated: Aug 2016
House
Median price $289,900
Monthly growth 81.30 %
Quarterly trend
Stock on market 2.58%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Farmington Home Price

Across the nation CREW lists data for 5162 neighbourhoods, and this month Farmington is number 1562 putting it in the top half of the country .

While the median for Prince Edward Island is $179,600 , which means that Farmington’s median price is $289,900 better than average than the rest of the province.

If you’re looking at investment properties in Farmington, then you’re most likely to find homes with 3 bedrooms on sale this month.

Prince Edward Island has the fourth least amount of properties available to property investors, with Farmington having 63th most in the province, out of a total of 218.

As one of Prince Edward Island’s many potential real estate investment neighbourhoods, Farmington needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.

It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Farmington have increased which would tend to indicate that demand is not as high as supply.

Is Farmington a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.

Beds Median price (House) Median price (Apartment)
3 bedrooms $329,900
Demographics
  • Population in 2011274
  • Population in 2006299
  • 2006 to 2011 population change (%)-8.4
  • Total private dwellings155
  • Private dwellings occupied by usual residents107
  • Population density per square kilometre2.9
  • Land area (square km)94.09

Age Characteristics

Total population by age groups 270
0 to 4 years 10
5 to 9 years 15
10 to 14 years 20
15 to 19 years 25
15 years 5
16 years 5
17 years 5
18 years 10
19 years 0
20 to 24 years 15
25 to 29 years 5
30 to 34 years 10
35 to 39 years 15
40 to 44 years 15
45 to 49 years 35
50 to 54 years 20
55 to 59 years 15
60 to 64 years 25
65 to 69 years 20
70 to 74 years 10
75 to 79 years 5
80 to 84 years 0
85 years and over 5
Median age of the population 45.3
% of the population aged 15 and over 83.9

Marital Status

Total population 15 years and over by marital status 230
Married or living with a common-law partner 140
Married (and not separated) 120
Living common-law 20
Not married and not living with a common-law partner 90
Single (never legally married) 60
Separated 0
Divorced 5
Widowed 20

Family Characteristics

Total number of census families in private households 75
Size of census family: 2 persons 40
Size of census family: 3 persons 15
Size of census family: 4 persons 15
Size of census family: 5 or more persons 10
Total number of census families in private households 75
Total couple families by family structure and number of children 65
Married couples 55
Without children at home 35
With children at home 25
1 child 5
2 children 10
3 or more children 10
Common-law couples 10
Without children at home 5
With children at home 10
1 child 5
2 children 5
3 or more children 0
Total lone-parent families by sex of parent and number of children 10
Female parent 5
1 child 0
2 children 0
3 or more children 0
Male parent 0
1 child 0
2 children 0
3 or more children 0
Total children in census families in private households 90
Under six years of age 5
6 to 14 years 35
15 to 17 years 20
18 to 24 years 25
25 years and over 5
Average number of children at home per census family 1.2

Household And Dwelling Characteristics

Total number of persons in private households 275
Number of persons not in census families 35
Living with relatives 5
Living with non-relatives only 5
Living alone 30
Number of census family persons 235
Average number of persons per census family 2.9
Total number of persons 65 years and over in private households 45
Number of persons not in census families aged 65 years and over 20
Living with relatives 5
Living with non-relatives only 5
Living alone 15
Number of census family persons aged 65 years and over 25
Total number of private households by household type 110
Census-family households 80
One-family-only households 75
Couple-family households 65
Without children 35
With children 30
Lone-parent-family households 10
Other family households 0
One-family households with persons not in a census family 0
Couple-family households 0
Without children 0
With children 0
Lone-parent-family households 0
Two-or-more-family households 0
Non-census-family households 30
One-person households 30
Two-or-more-person households 5
Total number of occupied private dwellings by structural type of dwelling 105
Single-detached house 95
Apartment, building that has five or more storeys 0
Movable dwelling 10
Other dwelling 5
Semi-detached house 5
Row house 0
Apartment, duplex 0
Apartment, building that has fewer than five storeys 0
Other single-attached house 0
Total number of private households by household size 110
1 person 30
2 persons 40
3 persons 15
4 persons 15
5 persons 5
6 or more persons 5
Number of persons in private households 270
Average number of persons in private households 2.6

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