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 $77,561, lower than the Iowa average of $182,666.
The average cost of rent is $546/mo in Farmington, primarily driven by the current value of real estate in the Farmington area. While nearly 61.84% of residents own their homes outright in Farmington, 12.14% rent.
Housing affordability isn’t just about home prices, though. The average household income in Farmington is $4,225 per month. Households that rent pay about 12.91% of their income on rent here. Farmington's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Primrose, IA: higher priced homes
- Bonaparte, IA: higher priced homes
- Peaksville, MO: higher priced homes
- Mount Hamill, IA: higher priced homes
- Chambersburg, MO: higher priced homes
- Donnellson, IA: higher priced homes
- Revere, MO: higher priced homes
- Franklin, IA: higher priced homes
- Argyle, IA: higher priced homes
- Mount Sterling, IA: higher priced homes
Cities with Similar Populations
- Gap Creek, TN: higher priced homes
- Scanlon, MN: higher priced homes
- Scales Mound, IL: higher priced homes
- Sanish, ND: higher priced homes
- Rose Lodge, OR: higher priced homes
- Rock Springs, WI: higher priced homes
- Richardton, ND: higher priced homes
- Greenbush, MN: higher priced homes
- Grannis, AR: higher priced homes
- Glenwood Landing, NY: higher priced homes
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