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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 $282,038, lower than the New Hampshire average of $417,591.
The average cost of rent is $1,376/mo in Farmington, primarily driven by the current value of real estate in the Farmington area. In Farmington, 23.64% of households rent, and 43.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Farmington is $5,838 per month. Households that rent pay about 23.57% of their income on rent here. Farmington’s most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Milton, NH: equally priced homes
- New Durham, NH: higher priced homes
- Union, NH: higher priced homes
- Rochester, NH: equally priced homes
- Lebanon, ME: higher priced homes
- South Barnstead, NH: higher priced homes
- Alton, NH: higher priced homes
- Center Barnstead, NH: higher priced homes
- Center Strafford, NH: higher priced homes
- Milton Mills, NH: higher priced homes
Cities with Similar Populations
- Mount Shasta, CA: higher priced homes
- Newmanstown, PA: equally priced homes
- New Tripoli, PA: higher priced homes
- New Lexington, OH: less expensive homes
- New Hartford, CT: higher priced homes
- Negaunee, MI: less expensive homes
- Needles, CA: less expensive homes
- Natalia, TX: less expensive homes
- Muldrow, OK: less expensive homes
- Mount Zion, IL: less expensive homes
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