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 $192,446, lower than the Tennessee average of $218,916.
The average cost of rent is $802/mo in Farmington, primarily driven by the current value of real estate in the Farmington area. While nearly 47.61% of residents own their homes outright in Farmington, 23.65% rent.
Housing affordability isn’t just about home prices, though. The average household income in Farmington is $5,307 per month. Households that rent pay about 15.12% of their income on rent here. Farmington's most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Verona, TN: equally priced homes
- Palmetto, TN: less expensive homes
- Sims Spring, TN: less expensive homes
- Rover, TN: equally priced homes
- Lewisburg, TN: less expensive homes
- Halls Mill, TN: less expensive homes
- Chapel Hill, TN: higher priced homes
- Berlin, TN: equally priced homes
- Belfast, TN: less expensive homes
- Hardison Mill, TN: higher priced homes
Cities with Similar Populations
- Hawleys, NY: less expensive homes
- South Athol, MA: higher priced homes
- Solen, ND: equally priced homes
- Sledge, MS: less expensive homes
- Skull Valley, AZ: higher priced homes
- Jetson, KY: less expensive homes
- Hermon Center, ME: higher priced homes
- Hayward, MN: less expensive homes
- Hayti Heights, MO: less expensive homes
- Hayesville, IA: less expensive homes
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