Much like nearby areas, it's a little less expensive compared to the nation as a whole. Compared to the city of Portland however, it's substantially less expensive.
Home prices
The price of the median home in Farmingdale is $158,000. In comparison to its surrounding areas this is approximately $2,260 (1%) lower.In comparison to the country as a whole it is about $59,500 (27%) lower, and is about $131,000 (45%) lower in comparison to the city of Portland.
Rents
In Farmingdale the median monthly rent is $759. It is about $16 (2%) higher in comparison to its surrounding areas.In comparison to the entire country it is about $303 (28%) lower, and is roughly $365 (32%) lower compared to the city of Portland.
Nearby places
Randolph
Randolph is Farmingdale's neighbor to the southeast. Its housing prices are somewhat less expensive. The median home in Randolph is valued at $127,700, which is $30,300 (23%) lower than Farmingdale. Rents there are a little less expensive. In Randolph the median monthly rent is $648, which works out to $111 (17%) lower than Farmingdale.
Hallowell
Hallowell is Farmingdale's neighbor to the northwest. Its real estate prices are somewhat more expensive. The median home in Hallowell is valued at $192,000, which works out to $34,000 (17%) higher than Farmingdale. The rent there is a bit more expensive. The median monthly rent in Hallowell is $863, which works out to $104 (12%) higher than Farmingdale.
Gardiner
Gardiner is Farmingdale's neighbor to the south. Real estate prices there are a bit less expensive. The median home value in Gardiner is $140,700, which comes out to $17,300 (12%) lower than Farmingdale. Rents there are pretty similar. Gardiner's median rent is $733 per month, which is $26 (3%) lower than Farmingdale.
Augusta
Augusta is about 5 miles north from Farmingdale. Housing prices there are somewhat less expensive. Augusta's median home cost is $144,800, which is $13,200 (9%) lower than Farmingdale. Rents there are somewhat less expensive. The median monthly rent in Augusta is $721, which works out to $38 (5%) lower than Farmingdale.
Winthrop
Winthrop is roughly 8 miles northwest from Farmingdale. Its housing prices are a little more expensive. The median home in Winthrop is valued at $196,100, which is $38,100 (19%) higher than Farmingdale. Its rents are similar. The median monthly rent in Winthrop is $752, which is very similar to Farmingdale.
