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These days, finding an affordable place to live in the Farmland area can be challenging. Home prices in Farmland are now at a median cost of $137,212, lower than the Indiana average of $232,932.
The average cost of rent is $817/mo in Farmland, primarily driven by the current value of real estate in the Farmland area. In Farmland, 27.24% of households rent, and 39.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Farmland is $5,016 per month. Households that rent pay about 16.30% of their income on rent here. Farmland’s most expensive areas are in the southeastern 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
- Maxville, IN: higher priced homes
- Parker City, IN: equally priced homes
- Unionport, IN: higher priced homes
- Windsor, IN: higher priced homes
- Stone, IN: equally priced homes
- Selma, IN: higher priced homes
- Winchester, IN: less expensive homes
- Powers, IN: equally priced homes
- Ridgeville, IN: less expensive homes
- Randolph, IN: higher priced homes
Cities with Similar Populations
- Solon Springs, WI: higher priced homes
- Ararat, VA: higher priced homes
- Breckenridge, MI: equally priced homes
- Brookneal, VA: equally priced homes
- West Falls, NY: higher priced homes
- Carbondale, KS: higher priced homes
- Cass Lake, MN: higher priced homes
- Taberg, NY: less expensive homes
- Des Arc, AR: less expensive homes
- New Haven, KY: higher priced homes
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