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Affordable
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These days, finding an affordable place to live in the Farnams area can be challenging. Home prices in Farnams are now at a median cost of $281,126, lower than the Massachusetts average of $625,090.
The average cost of rent is $2,094/mo in Farnams, primarily driven by the current value of real estate in the Farnams area. In Farnams, 14.45% of households rent, and 25.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Farnams is $6,837 per month. Households that rent pay about 30.63% of their income on rent here. Farnams’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cheshire, MA: equally priced homes
- Lanesborough, MA: higher priced homes
- Town Crest Village, MA: higher priced homes
- Berkshire, MA: higher priced homes
- Lanesboro, MA: higher priced homes
- New Ashford, MA: higher priced homes
- Cheshire Harbor, MA: higher priced homes
- Dalton, MA: higher priced homes
- Maple Grove, MA: less expensive homes
- Adams, MA: less expensive homes
Cities with Similar Populations
- Kremis, PA: less expensive homes
- Lecta, AL: less expensive homes
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- Latonia, MS: less expensive homes
- West Glocester, RI: higher priced homes
- Laredo, MO: less expensive homes
- Lansford, ND: less expensive homes
- Lamar, OK: less expensive homes
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