Farr West, Utah Real Estate & Housing Market

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Farr West Housing Information

Index	Farr West	Utah	National
Median home price	$249,900	$224,600	$184,700
Median rent asked	$883	$912	$949
Avg. people per household	3.1	3.1	2.6
Owner occupied households	91.8%	69.6%	63.6%
Renter occupied households	8.2%	30.4%	36.4%

Above is a snapshot look at the real estate market in Farr West, UT. In Farr West, UT, the median house price is $249,900, making the price 11% higher than that the average for Utah. Therefore, the affordability of Farr West, UT area real estate is less affordable than the real estate in other areas of Utah. In addition, Farr West, UT has a median rent price of $883; this price is 3% lower than that the average rental price for Utah. 91.8% of residents in Farr West, UT are homeowners, and the average amount of people who reside in each home is 3.1. Farr West, UT has a wide array of real estate options available, ranging from cost-friendly condos to high-end luxury homes. We filter listings by number of bathrooms and bedrooms, price and area to simplify the search process for Farr West, UT real estate for sale.

Farr West Home Affordability

When looking for real estate in Farr West, UT, nothing is more important than affordability. There are several methods to calculate the affordability of a home, but perhaps the best way is the home price to median household income ratio. In Farr West, UT, the median price of a home is $249,900 and $85,923 is the median household income. This means that the home price to income ratio is 2.9x, a ratio that is 19% lower than the average in Utah. The median home price is divided by the median home income to calculate the home affordability ratio. Homes in Farr West, UT will be more financially accessable if the ratio has a lower than average home price to home income. These are not the only aspects to look at when determining the affordability of a home. A home affordability calculator offers a much more exact overview of the true affordability of a property. Use the calculator below to better determine how much you can pay for real estate in Farr West, UT.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Ogden, UT	84,900	$133,300	28%
Sunset, UT	5,176	$134,900	27%
Washington Terrace, UT	9,150	$143,100	23%
Brigham City, UT	18,586	$153,500	17%
Roy, UT	37,853	$157,400	15%
Farr West, UT	6,406	$249,900	35%

Cities with similar population

City, State	Population	Home Price	National Avg.
Bartonville, IL	6,406	$111,800	39%
Sidney, MT	6,407	$180,400	2%
Gladewater, TX	6,407	$101,500	45%
Blue Bell, PA	6,403	$426,700	131%
Quantico Base, VA	6,402	$0	100%
Farr West, UT	6,406	$249,900	35%

Source: The Farr West, UT housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).