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 $90,959, lower than the Illinois average of $242,002.
The average cost of rent is $795/mo in Farmington, primarily driven by the current value of real estate in the Farmington area. While nearly 39.23% of residents own their homes outright in Farmington, 31.06% rent.
Housing affordability isn’t just about home prices, though. The average household income in Farmington is $4,768 per month. Households that rent pay about 16.67% of their income on rent here. Farmington's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Middlegrove, IL: higher priced homes
- Norris, IL: higher priced homes
- Trivoli, IL: higher priced homes
- Yates City, IL: equally priced homes
- Brereton, IL: higher priced homes
- Elmwood, IL: higher priced homes
- Uniontown, IL: higher priced homes
- Rapatee, IL: higher priced homes
- Rawalts, IL: higher priced homes
- Fairview, IL: higher priced homes
Cities with Similar Populations
- Erin, TN: higher priced homes
- Sumner, IA: higher priced homes
- L'Anse, MI: equally priced homes
- Vincent, AL: higher priced homes
- Wadesville, IN: higher priced homes
- Wallburg, NC: higher priced homes
- Helmetta, NJ: higher priced homes
- Waterflow, NM: less expensive homes
- Hamilton, IN: higher priced homes
- Greenville, NY: higher priced homes
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