Home prices
The median home in Farmington costs $48,600. This is approximately $58,680 (54%) lower in comparison to nearby areas.It is about $168,900 (77%) lower compared to the US as a whole, and compared to the city of Cedar Rapids it is about $93,200 (65%) lower.
Rents
Farmington's median monthly rent is $573. It is about $41 (6%) lower compared to its surrounding areas.It is roughly $489 (46%) lower in comparison to the entire nation, and is about $194 (25%) lower compared to the city of Cedar Rapids.
Nearby places
Bonaparte
Bonaparte is about 5 miles northwest from Farmington. Housing prices there are a little more expensive. The median home in Bonaparte is valued at $51,500, which works out to $2,900 (5%) higher than Farmington. Rents there are pretty similar. In Bonaparte the median monthly rent is $586, which works out to $13 (2%) higher than Farmington.
Donnellson
Donnellson is approximately 7 miles east from Farmington. Housing prices there are substantially more expensive. Donnellson's median home price is $103,600, which comes out to $55,000 (53%) higher than Farmington. Rents there are somewhat more expensive. The median rent in Donnellson is $654 per month, which is $81 (12%) higher than Farmington.
Houghton
Houghton is roughly 11 miles northeast from Farmington. Its housing prices are significantly more expensive. The median home in Houghton is valued at $137,500, which is $88,900 (64%) higher than Farmington. The rent there is similar. In Houghton the median rent is $550 per month, which is $23 (4%) lower than Farmington.
Keosauqua
Keosauqua is roughly 11 miles northwest of Farmington. Housing prices there are substantially more expensive. Keosauqua's median home cost is $100,000, which works out to $51,400 (51%) higher than Farmington. Rents there are similar. Keosauqua's median rent is $591 a month, which comes out to $18 (3%) higher than Farmington.
St. Paul
St. Paul is approximately 13 miles northeast from Farmington. Its housing prices are a lot more expensive. The price of the median home in St. Paul is $143,800, which comes out to $95,200 (66%) higher than Farmington. The rent there is a bit more expensive. The median monthly rent in St. Paul is $688, which comes out to $115 (16%) higher than Farmington.
