Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Farmington area can be challenging. Home prices in Farmington are now at a median cost of $194,036, higher than the Arkansas average of $160,541.
The average cost of rent is $970/mo in Farmington, primarily driven by the current value of real estate in the Farmington area. While nearly 32.67% of residents own their homes outright in Farmington, 15.86% rent.
Housing affordability isn’t just about home prices, though. The average household income in Farmington is $6,326 per month. Households that rent pay about 15.33% of their income on rent here. Farmington's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Prairie Grove, AR: equally priced homes
- Greenland, AR: less expensive homes
- Fayetteville, AR: higher priced homes
- Rhea, AR: equally priced homes
- West Fork, AR: less expensive homes
- Johnson, AR: higher priced homes
- Tontitown, AR: higher priced homes
- Crosses, AR: higher priced homes
- Robinson, AR: higher priced homes
- Wyman, AR: higher priced homes
Cities with Similar Populations
- St. Anthony, MN: higher priced homes
- Sullivan, MO: less expensive homes
- Avocado Heights, CA: higher priced homes
- Avon, CO: higher priced homes
- Avondale, PA: higher priced homes
- Sugarmill Woods, FL: equally priced homes
- Succasunna, NJ: higher priced homes
- Bala-Cynwyd, PA: higher priced homes
- Barnhart, MO: equally priced homes
- Struthers, OH: less expensive homes
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