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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 $755,638, lower than the California average of $812,006.
The average cost of rent is $1,456/mo in Farmington, primarily driven by the current value of real estate in the Farmington area. In Farmington, 27.43% of households rent, and 53.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Farmington is $6,254 per month. Households that rent pay about 23.28% of their income on rent here. Farmington’s most expensive areas are in the southern 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
- Peters, CA: less expensive homes
- Escalon, CA: less expensive homes
- Valley Home, CA: higher priced homes
- Linden, CA: less expensive homes
- Simms, CA: equally priced homes
- Five Corners, CA: equally priced homes
- Milton, CA: less expensive homes
- Summer Home, CA: less expensive homes
- Waterloo, CA: equally priced homes
- Garden Acres, CA: less expensive homes
Cities with Similar Populations
- Glen Aubrey, NY: less expensive homes
- Issue, MD: less expensive homes
- Hudgins, VA: less expensive homes
- Hiltons, VA: less expensive homes
- Highgrove, KY: less expensive homes
- Helena, OH: less expensive homes
- Grizzly, OR: less expensive homes
- Greenwood, NE: less expensive homes
- Greenvale, NY: higher priced homes
- Green Hill, TX: less expensive homes
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