Rent-to-Own Homes in Farmington, MO: What You Need to Know
Farmington is a mid-sized city located in the State of Missouri. The low cost of living combined with such good public schools and surrounding suburbs have attracted professionals interested in starting families. The weather here offers residents the full, four-season experience.
What is the Cost of Living in Farmington, MO?
The low cost of living in this midwestern city is a major draw for relocating here. Farmington is, overall, approximately 14% less expensive than the national average, making the dollar go farther for its residents. Goods and services, healthcare, transportation, and utilities are all cheaper here compared to both Missouri and the United States. Housing and all associated costs are 34% less expensive, as well.
The median home value is $134,000 and just over half the residents own their homes. Renting is an affordable, and popular, option. Studio apartments are around $440 per month, one-bedrooms are $490, and two bedrooms are $650. Larger apartments are a bit pricier. For example, three bedrooms are close to $920, while four bedrooms are $1,000.
Weather and Climate in Farmington, MO
Residents of Farmington enjoy a continental climate, meaning their summers are hot and humid, while winters are freezing. It is partly cloudy all year. It rains for 149 days, accumulating 32”. May is the wettest month, with 16 rainy days. It snows for 17 days, totaling 8”. February is the snowiest month, with 5 snow days. January is also the coldest month, with temperatures frequently dipping down to 25°F. July is the warmest month, with peaks of 88°F.
Schools in Farmington, MO
Farmington’s educational institutions include 8 public schools in the Farmington R-VII School District, teaching 4,000 students. These students consistently rank above the state average on math and reading tests, placing the Farmington R-VII School District in the top 20% of all Missouri schools. There are 3 private schools available, as well, teaching nearly 500 students.
If you are seeking out higher education, there are 49 colleges within a 100-mile radius of Farmington. Mineral Area College, Jefferson College, and Metro Business College Arnold are the three closest schools to the city.
How Many People Live in Farmington, MO
Nearly 20,000 people make their home in Farmington. Of this total population, 89% are White, 6% are African American, 2% are Asian American, and 1% are Mixed. Of all residents, 19% are under 18 years old, while 16% are over 65. The median age is 38. The average family size is 3 people and the average household size is 2 people. The median household income is $46,000 annually.
What are the Best Neighborhoods in Farmington, MO?
Just over 7,000 people call Bonne Terre home. These residents enjoy a blend of suburban and rural life. The median home value is $89,000 and just over half the residents own their homes. The median rent is $720.
Park Hills is home to nearly 9,000 residents. The majority of residents are families who enjoy a quiet, suburban environment and good public schools. The median home value is $73,000 and just over half the residents own their homes. The median rent is $710.
A quiet, suburban environment, Desloge is popular among families and retirees. About 5,000 people live here. The median home value is $95,000 and the majority of residents own their homes. The median rent is $590.