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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 $236,286, lower than the Pennsylvania average of $288,156.
The average cost of rent is $1,232/mo in Farmington, primarily driven by the current value of real estate in the Farmington area. In Farmington, 28.89% of households rent, and 46.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Farmington is $5,635 per month. Households that rent pay about 21.86% of their income on rent here. Farmington’s most expensive areas are in the eastern 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
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Cities with Similar Populations
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