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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 $180,816, lower than the Maine average of $330,167.
The average cost of rent is $885/mo in Farmington, primarily driven by the current value of real estate in the Farmington area. In Farmington, 45.86% of households rent, and 47.25% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Farmington is $4,282 per month. Households that rent pay about 20.67% of their income on rent here. Farmington’s most expensive areas are in the western regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- West Farmington, ME: higher priced homes
- Farmington Falls, ME: less expensive homes
- East Wilton, ME: higher priced homes
- Fairbanks, ME: equally priced homes
- Temple, ME: higher priced homes
- Wilton, ME: higher priced homes
- Dryden, ME: higher priced homes
- New Sharon, ME: equally priced homes
- Chesterville, ME: higher priced homes
- New Vineyard, ME: equally priced homes
Cities with Similar Populations
- Old Town, ME: higher priced homes
- Pen Argyl, PA: higher priced homes
- Pembroke Park, FL: higher priced 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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