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 $137,790, lower than the Kentucky average of $164,895.
The average cost of rent is $710/mo in Farmington, primarily driven by the current value of real estate in the Farmington area. While nearly 56.32% of residents own their homes outright in Farmington, 12.84% rent.
Housing affordability isn’t just about home prices, though. The average household income in Farmington is $4,489 per month. Households that rent pay about 15.83% of their income on rent here. Farmington's most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Lynn Grove, KY: equally priced homes
- Coldwater, KY: equally priced homes
- Sedalia, KY: equally priced homes
- Wiswell, KY: higher priced homes
- Kirksey, KY: equally priced homes
- Cuba, KY: less expensive homes
- Golo, KY: higher priced homes
- Murray, KY: equally priced homes
- Mayfield, KY: less expensive homes
- Brewers, KY: equally priced homes
Cities with Similar Populations
- Zetella, GA: equally priced homes
- Essex, IL: higher priced homes
- Triana, AL: higher priced homes
- Urania, LA: less expensive homes
- Valona, GA: higher priced homes
- Velma, OK: less expensive homes
- Victor, IA: less expensive homes
- Adams, MN: higher priced homes
- Warfield, KY: less expensive homes
- Gilbert, WV: less expensive homes
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