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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 $231,968, lower than the Texas average of $322,096.
The average cost of rent is $1,757/mo in Farrar, primarily driven by the current value of real estate in the Farrar area. In Farrar, 9.66% of households rent, and 63.56% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Farrar is $5,045 per month. Households that rent pay about 34.83% of their income on rent here. Farrar’s most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Fair Oaks, TX: equally priced homes
- Donie, TX: less expensive homes
- Personville, TX: equally priced homes
- Jewett, TX: less expensive homes
- Freestone, TX: less expensive homes
- Oletha, TX: equally priced homes
- Newby, TX: less expensive homes
- Seale, TX: higher priced homes
- Nineveh, TX: less expensive homes
- Buffalo, TX: less expensive homes
Cities with Similar Populations
- Westport, IL: less expensive homes
- Barry, MN: less expensive homes
- Wintersville, PA: higher priced homes
- Wills Creek, OH: less expensive homes
- Bettie, TX: less expensive homes
- Biddle, MT: less expensive homes
- Whiteford Center, MI: equally priced homes
- White City, MI: less expensive homes
- Whiskeytown, CA: higher priced homes
- Boelus, NE: less expensive homes
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