Home prices
The median home cost in Farmingdale is $298,000. In comparison to its nearby areas it is approximately $121,200 (28%) lower.It is approximately $80,500 (37%) higher in comparison to the rest of the country, and it is roughly $308,000 (50%) lower in comparison to the city of New York.
Rents
In Farmingdale the median rent is $1,228 a month. Compared to the surrounding areas it is roughly $514 (29%) lower.Compared to the United States as a whole it is about $166 (15%) higher, and compared to the city of New York is about $215 (14%) lower.
Nearby places
Allenwood
Allenwood is approximately 5 miles southeast of Farmingdale. The housing prices there are a lot more expensive. The median home in Allenwood costs $566,600, which is $268,600 (47%) higher than Farmingdale. Rent there is a bit more expensive. Allenwood's median monthly rent is $1,705, which works out to $477 (27%) higher than Farmingdale.
Shark River Hills
Shark River Hills is approximately 5 miles east from Farmingdale. Its housing prices are somewhat more expensive. The median home in Shark River Hills is valued at $357,400, which works out to $59,400 (16%) higher than Farmingdale. Rent there is a little more expensive. The median rent in Shark River Hills is $1,368 a month, which is $140 (10%) higher than Farmingdale.
Ramtown
Ramtown is about 5 miles south from Farmingdale. Its housing prices are a bit more expensive. The median home in Ramtown costs $341,000, which works out to $43,000 (12%) higher than Farmingdale. Rents there are a lot more expensive. In Ramtown the median monthly rent is $2,063, which comes out to $835 (40%) higher than Farmingdale.
East Freehold
East Freehold is approximately 5 miles northwest from Farmingdale. Housing prices there are substantially more expensive. East Freehold's median home value is $476,700, which comes out to $178,700 (37%) higher than Farmingdale. The rent there is a bit more expensive. In East Freehold the median rent is $1,681 a month, which comes out to $453 (26%) higher than Farmingdale.
Tinton Falls
Tinton Falls is roughly 5 miles northeast of Farmingdale. Real estate prices there are somewhat more expensive. Tinton Falls's median home price is $354,300, which is $56,300 (15%) higher than Farmingdale. The rent there is significantly more expensive. The median monthly rent in Tinton Falls is $1,895, which works out to $667 (35%) higher than Farmingdale.
