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City Report · NH

Farmington

Pop. 3,924·19th most expensive in New Hampshire·One of the most affordable rental markets in the US
Median rent (all units)
$1,350/mo
Year-over-Year
Stable
Month-over-Month
-30.6%
vs US Median
-$612
Falling (Monthly)
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Most AffordableMost Expensive
Farmington · $1,350
More affordable than 85% of US cities · National median $1,962/mo
Affordability
29% of income
AFFORDABLE
0%30% benchmark60%+

At $1,350/mo, rent takes about 29% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$54,000/yr
Local median income
$55,029/yr
Based on the 30%-of-income rule using Farmington's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,340
1 BR
$1,430
2 BR
$1,810
3 BR
$2,310
4 BR+
$2,700
Fair Market Rent (HUD)
$1,810/mo

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 →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$16,200/yr
At $1,350/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -30.6% MoM), not inventory.
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Demographics

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.

Population
3,924
Median income
$55,029
Median age
42.9
Renters
34.7%
Age distribution
17.9%
24.3%
17.7%
27.5%
12.6%
Under 1817.9%
18–3424.3%
35–5417.7%
55–6427.5%
65+12.6%
Gender
49.7%
50.3%
Male49.7%
Female50.3%
Race & ethnicity
93%
White93%
Black1.9%
Hispanic0.7%
Other4.4%
Education (25+)
14.4%
40.7%
33.1%
No HS diploma14.4%
HS diploma40.7%
Some college33.1%
Bachelor's+11.8%
Housing tenure
65.3%
34.7%
Owner65.3%
Renter34.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Farmington, NH has changed in 5 years

Income
$42,309 → $55,029
up 30.1%
Population
3,919 → 3,924
up 0.1%
Renter share
37.3% → 34.7%
-2.6 pts
Bachelor's+
9.6% → 11.8%
+2.2 pts
Median age
34.9 → 42.9
+8.0 yrs

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.

Community

Discussions about Farmington

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View Farmington rent history (2015–2026) →
Salary vs rent

Can you afford rent in Farmington on your salary?

At $1,350/mo, how Farmington rent compares to typical pay (30% rule).

By apartment size

Farmington rent by bedroom count

Median rent for each apartment size in Farmington. Click any size for full breakdown.

Local insights

Tips for renters in Farmington

About renting in Farmington, NH

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.

FAQ

Frequently asked questions

Is Farmington an affordable city for renters?

Farmington is considered affordable for renters. At $1,350/mo, rent takes approximately 29% of the local median household income ($55,029/yr). The standard benchmark is 30%. Farmington falls comfortably within that range.

How much income do you need to rent in Farmington?

To keep rent at or below 30% of gross income, you would need to earn at least $54,000/year (~$26/hour full-time) to afford the median rent of $1,350/mo in Farmington. The local median household income is $55,029/yr, meaning the typical Farmington household meets that threshold.

Is rent going up or down in Farmington?

Rent in Farmington has been relatively stable over the past year, with a 0.0% change year over year as of August 2026.

How does Farmington rent compare to other cities in New Hampshire?

Farmington is one of the more affordable cities in New Hampshire for rent, ranking #19 out of 19 tracked cities at $1,350/mo.

What percentage of Farmington residents rent vs. own?

According to Census data, approximately 34.7% of Farmington households are renters, while 65.3% are owner-occupied. Farmington leans toward homeownership, which can mean a smaller rental inventory.

How does Farmington rent compare to the national average?

Farmington's median rent of $1,350/mo is $612 (31%) below the US national median of $1,962/mo. Within New Hampshire, it ranks #19 out of 19 tracked cities.
Income Affordability
29%
AFFORDABLE

At $1,350/mo, rent takes ~29% of Farmington's median household income ($55,029/yr). The standard benchmark is 30%.

Farmington 29%Benchmark 30%
State income taxNone
Run the Farmington affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Farmington, NH

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