Home prices
The median home in Farmington is valued at $386,500. This is about $60,080 (18%) higher in comparison to other places in this area.Compared to the US as a whole it is roughly $169,000 (77%) higher, and it is approximately $72,000 (22%) higher in comparison to the city of Salt Lake City.
Rents
Farmington's median rent is $1,178 per month. This is roughly $56 (4%) lower compared to the surrounding areas.It is about $116 (10%) higher in comparison to the country as a whole, and compared to the city of Salt Lake City it is about $193 (19%) higher.
Nearby places
Fruit Heights
Fruit Heights is Farmington's neighbor to the north. Its real estate prices are fairly similar. The median home in Fruit Heights is valued at $396,000, which works out to $9,500 (2%) higher than Farmington. Its rents are somewhat more expensive. The median monthly rent in Fruit Heights is $1,669, which comes out to $491 (29%) higher than Farmington.
Kaysville
Kaysville is Farmington's neighbor to the northwest. The real estate prices there are somewhat less expensive. Kaysville's median home price is $339,500, which comes out to $47,000 (13%) lower than Farmington. Rents there are somewhat less expensive. In Kaysville the median monthly rent is $948, which is $230 (24%) lower than Farmington.
Centerville
Centerville is Farmington's neighbor to the south. Housing prices there are somewhat less expensive. The cost of the median home in Centerville is $321,700, which is $64,800 (20%) lower than Farmington. Rent there is fairly similar. In Centerville the median rent is $1,157 per month, which is $21 (1%) lower than Farmington.
West Bountiful
West Bountiful is approximately 5 miles south of Farmington. The real estate prices there are somewhat less expensive. West Bountiful's median home cost is $314,500, which is $72,000 (22%) lower than Farmington. Rents there are somewhat more expensive. The median rent in West Bountiful is $1,374 a month, which comes out to $196 (14%) higher than Farmington.
Layton
Layton is about 6 miles north from Farmington. The housing prices there are significantly less expensive. The median home in Layton costs $260,400, which is $126,100 (48%) lower than Farmington. Its rents are a little less expensive. In Layton the median rent is $1,022 a month, which comes out to $156 (15%) lower than Farmington.
