ZIP Code 87401

In ZIP code 87401, which covers Farmington, homes carry a median value of $215,300 while the county-level effective property tax rate sits at 0.68%. Households here earn a median of $61,886, with per-capita income at $30,159, so property taxes on a median-valued home amount to roughly $1,464 a year. That figure absorbs about 2.4% of median household income, a share that shapes what buyers can carry alongside an 8.19% combined sales tax on everyday purchases. The relationship between earnings and housing costs here leaves buyers weighing how much home they can finance without straining their budgets.