Similar to its nearby areas, it's substantially less expensive compared to the rest of the country. However compared to the city of Buffalo, it's somewhat more expensive.
Home prices
Farnham's median home cost is $105,400. In comparison to the surrounding areas it is about $2,840 (2%) higher.It is roughly $112,100 (51%) lower compared to the United States as a whole, and is approximately $15,600 (17%) higher in comparison to the city of Buffalo.
Rents
In Farnham the median rent is $1,045 per month. It is roughly $245 (30%) higher in comparison to other places in this area.In comparison to the US as a whole it is approximately $17 (1%) lower, and is about $269 (34%) higher in comparison to the city of Buffalo.
Nearby places
Lake Erie Beach
Lake Erie Beach is about 1 mile north of Farnham. Real estate prices there are similar. The value of the median home in Lake Erie Beach is $104,900, which is very similar to Farnham. The rent there is somewhat less expensive. The median rent in Lake Erie Beach is $797 per month, which comes out to $248 (31%) lower than Farnham.
Angola
Angola is about 3 miles northeast from Farnham. Its housing prices are a bit more expensive. The median home in Angola costs $115,600, which works out to $10,200 (8%) higher than Farnham. Its rents are a lot less expensive. The median rent in Angola is $772 a month, which is $273 (35%) lower than Farnham.
Angola on the Lake
Angola on the Lake is about 4 miles north from Farnham. The housing prices there are fairly similar. The median home in Angola on the Lake is valued at $106,300, which is very similar to Farnham. Rents there are a bit less expensive. In Angola on the Lake the median rent is $941 a month, which works out to $104 (11%) lower than Farnham.
Silver Creek
Silver Creek is approximately 5 miles southwest of Farnham. The housing prices there are a little less expensive. The median home value in Silver Creek is $85,600, which comes out to $19,800 (23%) lower than Farnham. Rent there is somewhat less expensive. In Silver Creek the median rent is $867 a month, which works out to $178 (20%) lower than Farnham.
North Collins
North Collins is about 6 miles east of Farnham. The housing prices there are similar. The median home in North Collins costs $100,400, which is $5,000 (4%) lower than Farnham. Rent there is a lot less expensive. North Collins's median monthly rent is $623, which works out to $422 (67%) lower than Farnham.
