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Farnham

Learn about the people, housing, costs and businesses in Farnham, New York

Median Home$201,100
Median Rent$1,089/month
Population443
Leading IndustriesManufacturing · Finance & Insurance · Public Administration2% manufacturing
Home Value Growth⬆⬆+15.3% over 2 years
Young Adults20% of residents
Homeowners76% of occupied units
NotableHigh Incomes$90k/year · top 25% nationally
Farnham
NY

Frequently Asked Questions

What are today's mortgage rates in Farnham?

As of today, the 30-year fixed mortgage rate for Farnham is approximately 7.094% (7.140% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Farnham?

The median home value in Farnham is $201k. The median monthly rent is $1,089. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Farnham?

Home values in Farnham have increased 15.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Farnham?

Based on a typical all-in ownership cost of $1,105/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $47k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Farnham is $90k/year.

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What industries drive the economy in Farnham?

The largest employment sectors in Farnham are public administration (26%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.