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Farmington, MS

Full City Profile · Mississippi · Alcorn County County

3.0 /5.0
B Good
2,044 Population 320/sq mi density
$50,294 Median Income $26,268 per capita
$132,300 Home Value $162,864 Zillow
$879 Median Rent 23.8% income on rent
59°F Avg Temperature 302 sunny days/yr
166 Violent Crime/100K 2,660 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.6 / 5.0
$50,294 median income, 1.4% unemployment
A+
Affordability
5.0 / 5.0
$132,300 home value, $879/mo rent
F
Safety
1.0 / 5.0
166 violent crimes/100K
C
Education
2.4 / 5.0
17.3% bachelor's degree or higher

Housing Overview

Median Home Value
$132,300
53% below
US avg: $281,900
Median Rent
$879/mo
24% below
US avg: $1,163/mo
Homeownership Rate
70.0%
7% above US avg (65.4%)
Total Housing Units
861
Median year built: 1978

Home Value by Source

Census Median
$132,300
Zillow (ZHVI)
$162,864
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

70.0%
Owner-Occupied
30.0%
Renter-Occupied
70%
30%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$751/mo
1 Bedroom
$782/mo
2 Bedroom
$924/mo
3 Bedroom
$1,177/mo
4 Bedroom
$1,295/mo
Census median rent: $879/mo

Affordability & Housing Stock

Rent Burden
23.8%
of renters spending 30%+ of income on housing
23% below US avg (31.0%)
Median Year Built
1978
Average age of housing stock: 48 years
Homeownership Rate
70.0%

Complete Housing Data

Home Values

Census Median Value$132,300
Zillow Home Value (ZHVI)$162,864

Rent

Census Median Rent$879
FMR Studio$751
FMR 1-Bedroom$782
FMR 2-Bedroom$924
FMR 3-Bedroom$1,177
FMR 4-Bedroom$1,295

Market

Ownership & Stock

Owner-Occupied70.0%
Renter-Occupied30.0%
Homeownership Rate70.0%
Total Housing Units861
Median Year Built1978
Rent Burden23.8%