Home prices
The median home price in Farmington is $106,800. It is about $6,580 (6%) higher compared to the surrounding areas.Compared to the US as a whole it is approximately $110,700 (50%) lower, and is approximately $5,000 (4%) higher compared to the city of Memphis.
Rents
In Farmington the median rent is $745 a month. It is about $137 (22%) higher compared to nearby areas.Compared to the entire nation it is roughly $317 (29%) lower, and compared to the city of Memphis it is about $156 (17%) lower.
Nearby places
Corinth
Corinth is Farmington's neighbor to the northwest. Its real estate prices are somewhat more expensive. The median home in Corinth is valued at $123,300, which comes out to $16,500 (13%) higher than Farmington. Rent there is somewhat less expensive. The median rent in Corinth is $595 a month, which comes out to $150 (25%) lower than Farmington.
Guys
Guys is about 8 miles northwest from Farmington. Its real estate prices are pretty similar. Guys's median home value is $103,100, which is $3,700 (3%) lower than Farmington. Rents there are somewhat less expensive. The median rent in Guys is $577 per month, which works out to $168 (29%) lower than Farmington.
Burnsville
Burnsville is about 8 miles southeast of Farmington. Its real estate prices are significantly less expensive. The value of the median home in Burnsville is $72,900, which comes out to $33,900 (46%) lower than Farmington. Its rents are substantially less expensive. Burnsville's median monthly rent is $417, which comes out to $328 (78%) lower than Farmington.
Michie
Michie is approximately 10 miles north from Farmington. Its real estate prices are somewhat less expensive. The cost of the median home in Michie is $88,000, which is $18,800 (21%) lower than Farmington. Rents there are somewhat less expensive. In Michie the median monthly rent is $638, which is $107 (16%) lower than Farmington.
Kossuth
Kossuth is approximately 10 miles west of Farmington. Its housing prices are a little more expensive. The cost of the median home in Kossuth is $113,800, which is $7,000 (6%) higher than Farmington. The rent there is a little more expensive. In Kossuth the median monthly rent is $814, which comes out to $69 (8%) higher than Farmington.
