Home Price Key
Affordable
Average
Expensive
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 $248,321, lower than the Massachusetts average of $477,554.
The average cost of rent is $1,408/mo in Farnams, primarily driven by the current value of real estate in the Farnams area. While nearly 25.58% of residents own their homes outright in Farnams, 18.01% rent.
Housing affordability isn’t just about home prices, though. The average household income in Farnams is $6,518 per month. Households that rent pay about 21.61% 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.
Nearby Cities
- Cheshire, MA: less expensive homes
- Lanesborough, MA: higher priced homes
- Town Crest Village, MA: less expensive homes
- Berkshire, MA: higher priced homes
- Lanesboro, MA: equally priced homes
- New Ashford, MA: higher priced homes
- Cheshire Harbor, MA: less expensive homes
- Dalton, MA: equally priced homes
- Maple Grove, MA: less expensive homes
- Adams, MA: less expensive homes
Cities with Similar Populations
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- 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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