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These days, finding an affordable place to live in the Farmingdale area can be challenging. Home prices in Farmingdale are now at a median cost of $306,387, lower than the Maine average of $330,167.
The average cost of rent is $881/mo in Farmingdale, primarily driven by the current value of real estate in the Farmingdale area. In Farmingdale, 33.14% of households rent, and 48.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Farmingdale is $6,270 per month. Households that rent pay about 14.05% of their income on rent here. Farmingdale’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Randolph, ME: less expensive homes
- Hallowell, ME: equally priced homes
- Gardiner, ME: less expensive homes
- Togus, ME: less expensive homes
- Pittston, ME: equally priced homes
- Spears Corner, ME: equally priced homes
- Augusta, ME: less expensive homes
- Libby Hill, ME: less expensive homes
- Manchester, ME: higher priced homes
- East Winthrop, ME: higher priced homes
Cities with Similar Populations
- Black Hawk, CO: higher priced homes
- Stryker, OH: less expensive homes
- Delanson, NY: less expensive homes
- East Dundee, IL: equally priced homes
- Fair Play, SC: less expensive homes
- Fairfax, SC: less expensive homes
- Fort Loramie, OH: equally priced homes
- Frankfort, MI: higher priced homes
- Huger, SC: equally priced homes
- Omega, GA: less expensive homes
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