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 $144,556, lower than the Missouri average of $194,908.
The average cost of rent is $796/mo in Farmington, primarily driven by the current value of real estate in the Farmington area. While nearly 33.83% of residents own their homes outright in Farmington, 54.18% rent.
Housing affordability isn’t just about home prices, though. The average household income in Farmington is $5,254 per month. Households that rent pay about 15.15% of their income on rent here. Farmington's most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Ogborn, MO: higher priced homes
- DeSmet, MO: higher priced homes
- Hurryville, MO: equally priced homes
- Leadington, MO: equally priced homes
- Doe Run, MO: equally priced homes
- Rock Springs, MO: less expensive homes
- Sprott, MO: higher priced homes
- Park Hills, MO: less expensive homes
- Syenite, MO: equally priced homes
- Knob Lick, MO: equally priced homes
Cities with Similar Populations
- Bainbridge Island, WA: higher priced homes
- Alice, TX: less expensive homes
- Auburn Hills, MI: higher priced homes
- Wildwood, MO: higher priced homes
- Ashland, OR: higher priced homes
- Nanuet, NY: higher priced homes
- Northfield, MN: higher priced homes
- North Haven, CT: higher priced homes
- Newton, NC: equally priced homes
- Newport, RI: higher priced homes
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