Home prices
The price of the median home in Farmington is $85,300. This is approximately $14,200 (14%) lower compared to the surrounding areas.Compared to the nation as a whole it is roughly $132,200 (60%) lower, and compared to the city of Peoria it is approximately $40,400 (32%) lower.
Rents
Farmington's median monthly rent is $843. Compared to the surrounding areas this is roughly $232 (38%) higher.It is about $219 (20%) lower in comparison to the United States as a whole, and in comparison to the city of Peoria is approximately $37 (4%) higher.
Nearby places
Norris
Norris is approximately 4 miles south from Farmington. Housing prices there are a lot less expensive. The median home cost in Norris is $63,300, which works out to $22,000 (34%) lower than Farmington. The rent there is a little less expensive. The median rent in Norris is $670 per month, which is $173 (25%) lower than Farmington.
Yates City
Yates City is about 5 miles north of Farmington. Housing prices there are pretty similar. Yates City's median home value is $82,400, which comes out to $2,900 (3%) lower than Farmington. Rents there are somewhat less expensive. Yates City's median rent is $728 a month, which comes out to $115 (15%) lower than Farmington.
Elmwood
Elmwood is approximately 5 miles north of Farmington. The real estate prices there are substantially more expensive. The median home in Elmwood costs $138,100, which is $52,800 (38%) higher than Farmington. Rent there is a little less expensive. In Elmwood the median monthly rent is $639, which is $204 (31%) lower than Farmington.
Fairview
Fairview is roughly 8 miles west of Farmington. Its housing prices are a little less expensive. The median home in Fairview costs $79,800, which works out to $5,500 (6%) lower than Farmington. The rent there is a lot less expensive. Fairview's median rent is $338 a month, which is $505 (149%) lower than Farmington.
Hanna City
Hanna City is roughly 8 miles east of Farmington. Real estate prices there are a lot more expensive. The median home in Hanna City is valued at $133,900, which is $48,600 (36%) higher than Farmington. Rent there is a little less expensive. Hanna City's median rent is $678 a month, which works out to $165 (24%) lower than Farmington.
