At $1,350/mo, rent takes about 29% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,350 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: August 17, 2026
What the numbers show
30% of the median household income ($55,029) is $1,376 a month. That covers HUD's Fair Market Rent for up to a studio ($1,340); a 1-bedroom is $1,430.
From Zillow's monthly rent index (ZORI) for Farmington. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Farmington, NH is majority owner-occupied, has a median income below the national average, 11.8% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Farmington, NH has changed in 5 years
Median household income climbed from $42,309 to $55,029 between 2021 and 2024, a 30.1% shift. The renter share has eased from 37.3% to 34.7%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 9.6% to 11.8% across the same window.
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Can you afford rent in Farmington on your salary?
At $1,350/mo, how Farmington rent compares to typical pay (30% rule).
Farmington rent by bedroom count
Median rent for each apartment size in Farmington. Click any size for full breakdown.
Tips for renters in Farmington
Last updated: August 17, 2026
The median rent in Farmington is $1,350/mo as of August 2026. A studio apartment averages $1,340/mo while a 2-bedroom runs $1,810/mo. One-bedroom apartments average $1,430/mo and 3-bedroom units go for $2,310/mo.
At 29% of local median household income ($55,029/yr), Farmington ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
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Is rent going up or down in Farmington?
How does Farmington rent compare to other cities in New Hampshire?
At $1,350/mo, rent takes ~29% of Farmington's median household income ($55,029/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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