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 $167,489, lower than the New York average of $481,023.
The average cost of rent is $1,102/mo in Farmington, primarily driven by the current value of real estate in the Farmington area. While nearly 41.99% of residents own their homes outright in Farmington, 31.04% rent.
Housing affordability isn’t just about home prices, though. The average household income in Farmington is $6,381 per month. Households that rent pay about 17.26% of their income on rent here. Farmington's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- East Victor, NY: higher priced homes
- Padelford, NY: higher priced homes
- Victor, NY: higher priced homes
- Shortsville, NY: less expensive homes
- Egypt, NY: higher priced homes
- Macedon Center, NY: equally priced homes
- Centerfield, NY: higher priced homes
- East Bloomfield, NY: equally priced homes
- Fishers, NY: higher priced homes
- Manchester, NY: less expensive homes
Cities with Similar Populations
- Boyds, MD: higher priced homes
- Winfield, IL: higher priced homes
- Windsor Locks, CT: higher priced homes
- Wills Point, TX: less expensive homes
- Waconia, MN: higher priced homes
- Canal Fulton, OH: higher priced homes
- Burnet, TX: higher priced homes
- Bryan, OH: less expensive homes
- Bremen, GA: higher priced homes
- Winfield, KS: less expensive homes
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