Market Overview
Home Prices in Farrell, PA
The median home value in Farrell, PA is $60,559 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 11% compared to a year ago and up 8.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Farrell are priced85% below average. Farrell is part of the Youngstown-Warren-Boardman, OH-PA metro area.
Over the past five years, Farrell home values have risen by approximately9.4%, reflecting steady appreciation in this market.
Price History
Farrell Home Price Trend
City Comparison
Farrell vs. National Median
At $60,559, homes in Farrell cost 85% below the national median of $410,000. This makes Farrell a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Farrell?
20% Down Payment
$12,112
on $60,559
Monthly P&I
$316/mo
30-yr @ 6.8%
Total Monthly Est.
~$401/mo
incl. taxes & insurance
Income Needed
$16,040
gross annual (30% rule)
10% Down Option
$6,056
+ PMI applies
Loan Amount (20% dn)
$48,447
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Farrell, PA?
The median home value in Farrell is $60,559 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 11% year-over-year.
How much have home prices changed in Farrell?
Over the past year, home values in Farrell have decreased by 11%. Over five years, prices have risen approximately 9.4%.
How much do I need to earn to buy a home in Farrell?
To comfortably afford the median home price of $60,559 with a 20% down payment ($12,112) at today's rates (6.8%), you'd need a gross annual income of approximately $16,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Farrell compare to the national average home price?
The national median home value is approximately $410,000. At $60,559, homes in Farrell are 85% below the national average.
What metro area is Farrell part of?
Farrell is part of the Youngstown-Warren-Boardman, OH-PA metropolitan area. Home prices and market conditions can vary across the broader metro region.