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Affordable
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These days, finding an affordable place to live in the Farrell area can be challenging. Home prices in Farrell are now at a median cost of $114,299, lower than the Mississippi average of $183,008.
The average cost of rent is $815/mo in Farrell, primarily driven by the current value of real estate in the Farrell area. In Farrell, 12.80% of households rent, and 67.23% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Farrell is $7,033 per month. Households that rent pay about 11.58% of their income on rent here. Farrell’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Sherard, MS: higher priced homes
- King and Anderson, MS: higher priced homes
- Clarksdale, MS: less expensive homes
- Friars Point, MS: less expensive homes
- Modoc, AR: less expensive homes
- Lyon, MS: higher priced homes
- Rena Lara, MS: less expensive homes
- Long Lake, MS: equally priced homes
- Elaine, AR: less expensive homes
- Hillhouse, MS: less expensive homes
Cities with Similar Populations
- Odessadale, GA: less expensive homes
- Naomi, MI: higher priced homes
- Navina, OK: higher priced homes
- Nay Aug, PA: higher priced homes
- Nebo, MO: higher priced homes
- Nebo, VA: higher priced homes
- Nectarine, PA: higher priced homes
- Nestorville, WV: higher priced homes
- New Baden, TX: higher priced homes
- New Dennison, IL: higher priced homes
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