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These days, finding an affordable place to live in the Farragut area can be challenging. Home prices in Farragut are now at a median cost of $137,240, lower than the Iowa average of $226,062.
The average cost of rent is $793/mo in Farragut, primarily driven by the current value of real estate in the Farragut area. In Farragut, 24.90% of households rent, and 57.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Farragut is $5,319 per month. Households that rent pay about 14.91% of their income on rent here. Farragut’s most expensive areas are in the northeastern 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
- Riverton, IA: less expensive homes
- Shenandoah, IA: equally priced homes
- Sidney, IA: equally priced homes
- Northboro, IA: less expensive homes
- Imogene, IA: higher priced homes
- Randolph, IA: higher priced homes
- Hamburg, IA: equally priced homes
- Essex, IA: equally priced homes
- Norwich, IA: higher priced homes
- Coin, IA: less expensive homes
Cities with Similar Populations
- Equality, IL: less expensive homes
- Turney, MO: higher priced homes
- Turkey Ford, OK: equally priced homes
- Trent, TX: higher priced homes
- Thurston, OH: higher priced homes
- Friendsville, PA: higher priced homes
- Fork Union, VA: higher priced homes
- Fleming, IN: higher priced homes
- Felton, GA: higher priced homes
- Fayette, IN: higher priced homes
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