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These days, finding an affordable place to live in the Farnham area can be challenging. Home prices in Farnham are now at a median cost of $185,100, lower than the New York average of $610,895.
The average cost of rent is $1,028/mo in Farnham, primarily driven by the current value of real estate in the Farnham area. In Farnham, 18.84% of households rent, and 42.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Farnham is $6,607 per month. Households that rent pay about 15.56% of their income on rent here. Farnham’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
- Lake Erie Beach, NY: less expensive homes
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- Angola, NY: equally priced homes
- Angola on the Lake, NY: equally priced homes
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- Smith Mills, NY: less expensive homes
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- West Perrysburg, NY: less expensive homes
- Derby, NY: equally priced homes
Cities with Similar Populations
- Laureldale, NJ: higher priced homes
- Royalton, IN: higher priced homes
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- Rosebud, MT: higher priced homes
- Rose City, TX: less expensive homes
- Lunds, WI: higher priced homes
- Lulu, MO: less expensive homes
- Locke Mills, ME: higher priced homes
- Lehigh, OK: less expensive homes
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