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These days, finding an affordable place to live in the Farmers Branch area can be challenging. Home prices in Farmers Branch are now at a median cost of $320,210, higher than the Texas average of $235,268.
The average cost of rent is $1,522/mo in Farmers Branch, primarily driven by the current value of real estate in the Farmers Branch area. While nearly 47.44% of residents own their homes outright in Farmers Branch, 53.28% rent.
Housing affordability isn’t just about home prices, though. The average household income in Farmers Branch is $6,876 per month. Households that rent pay about 22.14% of their income on rent here. Farmers Branch's most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Addison, TX: equally priced homes
- Carrollton, TX: equally priced homes
- Coppell, TX: higher priced homes
- Irving, TX: equally priced homes
- Hebron, TX: higher priced homes
- University Park, TX: higher priced homes
- Highland Park, TX: higher priced homes
- Richardson, TX: equally priced homes
- Dallas, TX: less expensive homes
- Lewisville, TX: less expensive homes
Cities with Similar Populations
- Xenia, OH: less expensive homes
- Andover, MA: higher priced homes
- Trumbull, CT: higher priced homes
- Watertown Town, MA: higher priced homes
- West Little River, FL: less expensive homes
- Wheeling, WV: less expensive homes
- Windsor, CO: higher priced homes
- Enterprise, AL: less expensive homes
- Woodbury, NJ: less expensive homes
- Elizabeth City, NC: less expensive homes
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