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Many Farms

Learn about the people, housing, costs and businesses in Many Farms, Arizona

Median Home$48,800
Median Rent$652/month
Population1,006
Leading IndustriesManufacturing · Agriculture & Mining · Information & Media4% manufacturing
Home Value Growth⬆⬆+13.7% over 2 years
Young Adults25% of residents
Homeowners82% of occupied units
NotableAffordable Market$49k median home · lower cost than 100% of the country
Many Farms
AZ

Frequently Asked Questions

What are today's mortgage rates in Many Farms?

As of today, the 30-year fixed mortgage rate for Many Farms is approximately 6.951% (6.989% 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 Many Farms?

The median home value in Many Farms is $49k. The median monthly rent is $652. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Many Farms?

Home values in Many Farms have increased 13.7% 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 Many Farms?

Based on a typical all-in ownership cost of $258/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $11k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Many Farms is $29k/year.

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What industries drive the economy in Many Farms?

The largest employment sectors in Many Farms are public administration (22%) and wholesale trade (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.