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 $169,180, lower than the Maine average of $243,042.
The average cost of rent is $682/mo in Farmington, primarily driven by the current value of real estate in the Farmington area. While nearly 39.69% of residents own their homes outright in Farmington, 46.50% rent.
Housing affordability isn’t just about home prices, though. The average household income in Farmington is $4,107 per month. Households that rent pay about 16.61% of their income on rent here. Farmington's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- West Farmington, ME: equally priced homes
- Farmington Falls, ME: less expensive homes
- East Wilton, ME: equally priced homes
- Fairbanks, ME: higher priced homes
- Temple, ME: less expensive homes
- Wilton, ME: less expensive homes
- Dryden, ME: less expensive homes
- New Sharon, ME: equally priced homes
- Chesterville, ME: less expensive homes
- New Vineyard, ME: less expensive homes
Cities with Similar Populations
- Old Town, ME: less expensive homes
- Pen Argyl, PA: higher priced homes
- Pembroke Park, FL: less expensive homes
- Pemberton, NJ: higher priced homes
- Pelion, SC: less expensive homes
- Pelham, NY: higher priced homes
- Pelham, GA: less expensive homes
- Pecan Plantation, TX: higher priced homes
- Pawling, NY: higher priced homes
- Pasadena Hills, FL: higher priced homes
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