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Affordable
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These days, finding an affordable place to live in the Farrar area can be challenging. Home prices in Farrar are now at a median cost of $179,355, lower than the Missouri average of $246,641.
The average cost of rent is $936/mo in Farrar, primarily driven by the current value of real estate in the Farrar area. In Farrar, 7.44% of households rent, and 47.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Farrar is $5,314 per month. Households that rent pay about 17.61% of their income on rent here. Farrar’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Brazeau, MO: equally priced homes
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- Jacob, IL: less expensive homes
- Mc Bride, MO: higher priced homes
- Old Appleton, MO: equally priced homes
- Menfro, MO: higher priced homes
- Altenburg, MO: higher priced homes
Cities with Similar Populations
- Patterson, MS: less expensive homes
- Penn, AL: equally priced homes
- Peniel, TX: higher priced homes
- Penermon, MO: less expensive homes
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- Pearl, TX: equally priced homes
- Pawnee Station, KS: higher priced homes
- Paw Paw, OK: less expensive homes
- Penntown, IN: higher priced homes
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