Affordable & Income-Based Housing in Farmington

Affordability in Farmington, NM

According to Census ACS 5-Year data (as of 2024), the median monthly rent in Farmington is $1,037 and the median household income is $68,784 annually. About 34% of Farmington households rent their homes, meaning income-based housing options serve a meaningful share of the community.

Safety

According to FBI Crime Data Explorer, the Farmington Police Department reported a violent crime rate of 956 per 100,000 residents in 2024. Crime rates are not directly comparable across cities due to differences in reporting methods and local definitions.

On the flood risk side, all 4 HUD-assisted properties in Farmington have been mapped for flood zones, and none are located in a high-risk area.

Getting Around Farmington

The area around Farmington's assisted properties scores a 50 (Car-Dependent) for walkability, 19 (Minimal Transit) for public transit, and 44 for bikeability, according to Walk Score. Most errands and commutes will likely require a personal vehicle.

Schools

According to NCES Common Core of Data, 21 public schools across 2 districts serve Farmington, including 12 elementary, 4 middle, and 5 high schools. Ratings and quality vary by school and district, so renters should check the assigned schools for a specific address before making housing decisions.

Cost of Living

Understanding local costs can help you gauge how much of your budget an affordable or income-based unit in Farmington might free up. According to Census ACS 5-Year data (as of 2024), the median household income in Farmington is $68,784 per year, and the median gross rent is $1,037 per month.

Roughly 34% of Farmington households rent their homes, according to Census ACS 5-Year data (as of 2024). Income-based housing in the city ties rent to your earnings rather than the market rate, which can mean meaningful savings compared to that median rent figure.

Flood and Environmental Exposure

All 4 HUD-assisted properties in Farmington have been mapped for flood zone status. None are located in a high-risk flood zone, which is a low level of flood exposure for renters considering these homes.