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 $115,529, lower than the Mississippi average of $145,564.
The average cost of rent is $647/mo in Farmington, primarily driven by the current value of real estate in the Farmington area. While nearly 42.86% of residents own their homes outright in Farmington, 28.99% rent.
Housing affordability isn’t just about home prices, though. The average household income in Farmington is $4,092 per month. Households that rent pay about 15.80% of their income on rent here. Farmington's most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Kendrick, MS: less expensive homes
- Strickland, MS: less expensive homes
- Corinth, MS: higher priced homes
- Glen, MS: less expensive homes
- Indian Springs, MS: less expensive homes
- Wenasoga, MS: less expensive homes
- Doskie, MS: higher priced homes
- Michie, TN: higher priced homes
- Guys, TN: higher priced homes
- Hightown, MS: equally priced homes
Cities with Similar Populations
- Ault, CO: higher priced homes
- Aurora, MN: less expensive homes
- Stuyvesant, NY: higher priced homes
- Marietta, NY: higher priced homes
- Melbourne, AR: less expensive homes
- Merrill, MI: equally priced homes
- Milo, ME: less expensive homes
- Morenci, AZ: equally priced homes
- Oneida, WI: higher priced homes
- Pine Grove, FL: higher priced homes
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