Farmington, MO home prices
Typical home $193,127 · +2.4% in a year · income needed $53,500
The Farmington, MO metro area ranks 667 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +2.4% in a year and +25.0% over five years. With 20% down at 7.11%, the typical home costs about $1,249 a month including 0.7% property tax (Saint Francois County rate).
Mortgage on the typical Farmington home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $38,625 | $154,502 | $1,039 | $0 | $209 | $1,249 | $53,500 |
| 10% down | $19,313 | $173,815 | $1,169 | $72 | $209 | $1,451 | $62,200 |
| 5% down | $9,656 | $183,471 | $1,234 | $76 | $209 | $1,520 | $65,100 |
| 3.5% down (FHA) | $6,759 | $189,629 | $1,276 | $85 | $209 | $1,571 | $67,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.7% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Farmington area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Saint Francois County, MO | $193,128 | +2.4% | 0.7% |
What can you afford in Missouri on your salary? · Missouri home prices · Salaries in Missouri
Frequently asked questions
How much is a house in Farmington?
The typical home in the Farmington, MO metro area is worth $193,127 (Zillow, September 2026).
What salary do you need to buy a house in Farmington?
About $53,500 a year for the typical home with 20% down at 7.11%.