Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Farwell area can be challenging. Home prices in Farwell are now at a median cost of $102,755, lower than the Michigan average of $196,062.
The average cost of rent is $807/mo in Farwell, primarily driven by the current value of real estate in the Farwell area. While nearly 44.78% of residents own their homes outright in Farwell, 19.84% rent.
Housing affordability isn’t just about home prices, though. The average household income in Farwell is $4,326 per month. Households that rent pay about 18.65% of their income on rent here. Farwell's most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Clare, MI: higher priced homes
- Lake, MI: equally priced homes
- Lake George, MI: less expensive homes
- Dover, MI: higher priced homes
- Moddersville, MI: equally priced homes
- Colonville, MI: higher priced homes
- Rosebush, MI: higher priced homes
- Loomis, MI: higher priced homes
- Weidman, MI: higher priced homes
- Sherman City, MI: equally priced homes
Cities with Similar Populations
- Monson, MA: higher priced homes
- Morrison, IL: higher priced homes
- Moriarty, NM: higher priced homes
- Morgantown, PA: higher priced homes
- Moraine, OH: equally priced homes
- Mooresboro, NC: higher priced homes
- Montpelier, VA: higher priced homes
- Montpelier, OH: higher priced homes
- Montevideo, MN: higher priced homes
- Monte Vista, CO: higher priced homes
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