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Short Sale Listings in Farmington, KY

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View this home at W Lochridge St Mayfield KY 42066
Preforeclosure
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W Lochridge St
Mayfield, KY 42066
Single-Family
|
2 |
1
|
1,149
AUCTION: 04-01-2024
Single-Family
|
2 |
1
|
1,149
View this home at State Route 80 W Mayfield KY 42066
Preforeclosure
VIEW DETAILS
State Route 80 W
Mayfield, KY 42066
3 |
3
AUCTION: 04-01-2024
3 |
3
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Top Reasons To Live In Farmington, KY In 2024

Farmington is located in Graves, Kentucky, with an estimated municipal population of 153 residents. All of the best foreclosed homes for sale in Farmington are located in the following zip code areas on Foreclosure.com: 42040 42066. The estimated population per square kilometer (.62 miles) in Farmington is 38.


Diversity And Demographics In Farmington, Kentucky

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Farmington, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Farmington is 33.3, split between 49 percent male versus 51 female. The percentage of residents who report being married in Farmington is 47.3, with an average family size of 2.93.

The percentage of residents who report their race in Farmington is as follows:

White 78.4%
Black / African American 21.6%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0%
Other 0%

Looking for family-friendly neighborhoods in and/or near Farmington? Or maybe you are searching for 55+ active adult communities in and/or near Farmington?

The percentage of residents who report their age in Farmington is as follows:

Under 10 15.7%
Aged 10-19 15.7%
20s 7.2%
30s 27.5%
40s 22.9%
50s 0%
60s 0%
70s 11.1%
80+ 0%

Best Schools In Farmington, Kentucky

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Farmington with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Farmington.


Pros And Cons Of Living In Farmington, Kentucky

How do you know that living in -- or moving to -- Farmington is right where you need to be? Perhaps you grew up in Farmington or already live nearby; therefore, the decision to buy a home in Farmington is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Farmington for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Farmington:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Farmington.


Reasons To Move To Farmington, Kentucky, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Farmington can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Farmington, meanwhile, can field multiple offers from more qualified buyers.

Farmington, KY Short Sale Listings


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