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
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-Occupied | 70.0% |
| Renter-Occupied | 30.0% |
| Homeownership Rate | 70.0% |
| Total Housing Units | 861 |
| Median Year Built | 1978 |
| Rent Burden | 23.8% |
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