Much like its surrounding areas, it is a bit less expensive compared to the United States as a whole. Compared to the city of Boston however, it is substantially less expensive.
Home prices
The median home in Farmington is valued at $165,400. It is approximately $7,720 (4%) lower compared to its surrounding areas.Compared to the entire country it is approximately $52,100 (23%) lower, and is roughly $367,300 (68%) lower compared to the city of Boston.
Rents
The median monthly rent in Farmington is $989. This is approximately $81 (8%) higher in comparison to its nearby areas.Compared to the country as a whole it is about $73 (6%) lower, and in comparison to the city of Boston it is approximately $631 (38%) lower.
Nearby places
Milton
Milton is about 3 miles east of Farmington. The housing prices there are fairly similar. Milton's median home cost is $159,700, which works out to $5,700 (3%) lower than Farmington. The rent there is significantly less expensive. The median monthly rent in Milton is $686, which works out to $303 (44%) lower than Farmington.
Rochester
Rochester is about 7 miles southeast of Farmington. Housing prices there are pretty similar. The median home in Rochester costs $172,300, which works out to $6,900 (4%) higher than Farmington. Its rents are pretty similar. The median rent in Rochester is $1,041 a month, which is $52 (4%) higher than Farmington.
Sanbornville
Sanbornville is about 10 miles north of Farmington. Its real estate prices are a little less expensive. The median home in Sanbornville is valued at $143,800, which is $21,600 (15%) lower than Farmington. Rent there is somewhat less expensive. Sanbornville's median monthly rent is $760, which comes out to $229 (30%) lower than Farmington.
Berwick
Berwick is roughly 12 miles southeast of Farmington. Its housing prices are a bit more expensive. The median home in Berwick costs $205,100, which works out to $39,700 (19%) higher than Farmington. Its rents are similar. Berwick's median monthly rent is $980, which is very similar to Farmington.
Somersworth
Somersworth is about 12 miles southeast of Farmington. The real estate prices there are a bit more expensive. The median home value in Somersworth is $184,700, which works out to $19,300 (10%) higher than Farmington. Rent there is somewhat more expensive. In Somersworth the median rent is $1,071 per month, which is $82 (7%) higher than Farmington.
