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Real Estate Prices & Overview

Farmington median real estate price is $166,167, which is more expensive than 45.4% of the neighborhoods in Mississippi and 14.1% of the neighborhoods in the U.S.

The average rental price in Farmington is currently $1,358, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 61.6% of Mississippi neighborhoods.

Farmington is a rural neighborhood (based on population density) located in Corinth, Mississippi.

Farmington real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Farmington neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Home and apartment vacancy rates are 7.3% in Farmington. NeighborhoodScout analysis shows that this rate is lower than 50.8% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Corinth, the Farmington neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

Our research reveals that 93.0% of commuters who live in the Farmington neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 99.1% of U.S. neighborhoods.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Farmington neighborhood in Corinth are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 62.4% of U.S. neighborhoods. In addition, 9.6% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 51.1% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Farmington neighborhood, 43.0% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 29.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (16.7%), and 10.6% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Farmington neighborhood is English, spoken by 98.6% of households.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Farmington neighborhood in Corinth, MS, residents most commonly identify their ethnicity or ancestry as English (14.6%). There are also a number of people of Irish ancestry (12.3%), and residents who report German roots (3.7%), and some of the residents are also of Italian ancestry (1.6%), along with some French ancestry residents (1.6%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Farmington neighborhood spend between 15 and 30 minutes commuting one-way to work (49.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (93.0%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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