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Affordable
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These days, finding an affordable place to live in the Farmers area can be challenging. Home prices in Farmers are now at a median cost of $196,352, lower than the Indiana average of $232,932.
The average cost of rent is $689/mo in Farmers, primarily driven by the current value of real estate in the Farmers area. In Farmers, 18.76% of households rent, and 48.75% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Farmers is $4,992 per month. Households that rent pay about 13.80% of their income on rent here. Farmers’s most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Freedom, IN: equally priced homes
- New Hope, IN: higher priced homes
- Vilas, IN: higher priced homes
- Point Commerce, IN: equally priced homes
- Calvertville, IN: equally priced homes
- Worthington, IN: less expensive homes
- Newark, IN: higher priced homes
- Pottersville, IN: higher priced homes
- Daggett, IN: less expensive homes
- Coal City, IN: less expensive homes
Cities with Similar Populations
- Oriole, IN: equally priced homes
- Parcells Corner, NY: less expensive homes
- Palm Grove, IA: equally priced homes
- Ouaquaga, NY: equally priced homes
- Osgood, MO: less expensive homes
- Osceola, SD: less expensive homes
- Orr, OK: less expensive homes
- Oronoco, VA: higher priced homes
- Orme, TN: higher priced homes
- Parkdale, CO: higher priced homes
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