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City in Ontario

Houses for sale under $1M in Faraday

Looking for cheap houses for sale in Faraday? 21 homes in Faraday are listed for sale under $1M, which is 84% of everything for sale. Most are detached houses.

quiet affordable

1,612 people lived in Faraday at the 2021 Census, in 755 households. 90% of households owned their home and 10% rented. The most common homes were single-detached houses (92%) and low-rise apartments (1%). 60% of homes were built before 1981, and 9% since 2011. 93% of commuters went to work by car and 0% by public transit.

Walkability score: 51

Faraday, Ontario

Houses for Sale in Faraday Under $1M

Day to dayLivability

Walkability

out of 100 · averaged over 46 past and present listings

Average walk score reported on listings here

4.9

Schools near listings

out of 10 · averaged over 46 past and present listings

Fraser Institute ratings within 2 km of each listing, closer schools weighted more

Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.

What it costsAffordability

Median asking price

$449,900

37% below Ontario

In Faraday

$449,900

In Ontario

$716,900

Median monthly rent

In Ontario

$2,499

$280

Per square foot

On the marketMarket snapshot

For sale

Median $449,900

Houses 25

For rent

Recently sold

Recently leased

Market data as of 2026-08-16. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

Lower median sale price than the provincial average
Affordable rental price
Decent school ratings

Keep in mind

Limited amenities in the area
Walkability could be improved

The feel of the placeLifestyle

Daily life in Faraday is quiet with limited local services. Residents may need to travel for shopping and entertainment.

Great for first-time buyers budget-conscious renters

Within the boundaryWhat's nearby

The boundary

213.1 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

Parks

Playgrounds

Restaurants

Counted across all 213.1 km² of Faraday. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

Elementary

Cardiff Elementary School
Public · Grades JK–3 · Trillium Lakelands DSB
Not rated

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Faraday, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

1,612

Population (2021)

217.4 km²

Area

People per km²

57.1

Median age

$64,506

Median income

90%

Own their home

2.1

People per household

755

Households

Every age

Children (under 15)10.5%
Working age (15–64)58.3%
Seniors (65+)31.2%

What is built here

Detached houses92.1%
Semi-detached0.7%
Low-rise apartments1.3%
Other attached homes1.3%

Own or rent

90%Owners

10%Renters

Across 755 households

When it was built

Mostly 1961–1980

1960 or earlier17%
1961–198044%
1981–199011%
1991–20009%
2001–20057%
2006–20103%
2011–20156%
2016–20213%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

8.8%
Born outside Canada: 14.5%
Hold a degree or higher: 39.1%
Employment rate: 0%
Commute by transit: 92.8%
Commute by car: 1.7
Children per family: $57,945
Median income after tax: $79,815
Average household income: 16.6%
Living on a low income: $749/mo
Owners pay, per month: $390,370
Median home value at census: 0%
Renters spending 30%+ of income on housing: 14.9%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 3 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry, Photo: © Wikimedia Commons contributors (CC BY-SA)

Questions, answered

Common questions about houses for sale under $1M in Faraday

How many homes in Faraday sell for under $1M?

21 homes in Faraday are listed for sale under $1M today, 84% of the 25 homes for sale. Their median asking price is $350,000.

All homes for sale in Faraday

What kind of home can I buy in Faraday for under $1M?

Under $1M, Faraday has detached houses (12) and vacant lots (9) for sale. Most range from studios to 6 bedrooms.

Houses for sale in Faraday

Keep looking

More Homes for Sale in Faraday

25 homes are for sale in Faraday. Browse by neighbourhood or home type below — and get the industry's highest Cashback Rebate when you buy with HOMEH.