Similar to nearby areas, it's a bit less expensive compared to the United States as a whole. Compared to the city of Fayetteville, it's a bit less expensive.
Home prices
Farmington's median home cost is $176,600. In comparison to other places in this area it is is very similar.It is roughly $40,900 (18%) lower compared to the country as a whole, and in comparison to the city of Fayetteville is roughly $31,000 (14%) lower.
Rents
Farmington's median rent is $939 a month. This is about $55 (6%) higher in comparison to its surrounding areas.It is approximately $123 (11%) lower compared to the country as a whole, and compared to the city of Fayetteville it is approximately $140 (17%) higher.
Nearby places
Prairie Grove
Prairie Grove is Farmington's neighbor to the southwest. Its real estate prices are a bit less expensive. The median home in Prairie Grove costs $152,700, which works out to $23,900 (15%) lower than Farmington. The rent there is a little less expensive. Prairie Grove's median rent is $751 per month, which is $188 (25%) lower than Farmington.
Greenland
Greenland is roughly 4 miles southeast of Farmington. Real estate prices there are a bit less expensive. The median home value in Greenland is $153,600, which works out to $23,000 (14%) lower than Farmington. The rent there is a bit less expensive. In Greenland the median monthly rent is $875, which comes out to $64 (7%) lower than Farmington.
Johnson
Johnson is about 7 miles northeast of Farmington. The housing prices there are similar. The median home in Johnson is valued at $168,700, which works out to $7,900 (4%) lower than Farmington. Rent there is similar. The median rent in Johnson is $903 a month, which is $36 (3%) lower than Farmington.
West Fork
West Fork is about 8 miles southeast of Farmington. Housing prices there are a little less expensive. The median home value in West Fork is $135,800, which works out to $40,800 (30%) lower than Farmington. Rents there are somewhat less expensive. West Fork's median rent is $800 per month, which is $139 (17%) lower than Farmington.
Tontitown
Tontitown is about 9 miles north of Farmington. Its housing prices are a lot more expensive. The median home in Tontitown costs $265,300, which works out to $88,700 (33%) higher than Farmington. Rents there are a bit more expensive. In Tontitown the median monthly rent is $1,092, which comes out to $153 (14%) higher than Farmington.
