Real Estate details: Farmington NM vs Lancaster PA
RE Insights
| Metric | Farmington | Lancaster |
|---|---|---|
| Population | 46,127 | 57,453 |
| Median Home Price | $234,000 | $200,000 |
| Rent | 37% | 53% |
| Own | 63% | 47% |
Real Estate Insights Comparison: Farmington vs Lancaster
- The population in Lancaster is greater at 57,453 compared to 46,127 in Farmington.
- A higher median home price of $234,000 is found in Farmington compared to $200,000 in Lancaster.
- The rent percentage in Lancaster is higher at 53% compared to 37% in Farmington.
- A greater percentage of homeowners in Farmington at 63% compared to 47% in Lancaster.
Environmental Insights
Understanding environmental factors is crucial for assessing the sustainability and quality of life in a city or town. Environmental conditions can vary significantly, influenced by factors such as air quality, green spaces, and local climate. Evaluating these aspects helps in making informed decisions about living and investing in a community.