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 $267,763, lower than the Minnesota average of $269,934.
The average cost of rent is $720/mo in Farwell, primarily driven by the current value of real estate in the Farwell area. While nearly 43.69% of residents own their homes outright in Farwell, 7.04% rent.
Housing affordability isn’t just about home prices, though. The average household income in Farwell is $6,397 per month. Households that rent pay about 11.26% of their income on rent here. Farwell's most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Holmes City, MN: higher priced homes
- Kensington, MN: less expensive homes
- Lowry, MN: equally priced homes
- Hoffman, MN: less expensive homes
- Forada, MN: equally priced homes
- Garfield, MN: equally priced homes
- Long Beach, MN: less expensive homes
- Brandon, MN: less expensive homes
- Alexandria, MN: equally priced homes
- Cyrus, MN: less expensive homes
Cities with Similar Populations
- Shiloh, LA: less expensive homes
- Hinckley, ME: less expensive homes
- Hinkle, KY: less expensive homes
- Homestead, IA: less expensive homes
- Homewood, CA: higher priced homes
- Honeybee, KY: less expensive homes
- Honeytown, OH: less expensive homes
- Sampson, WI: less expensive homes
- Sawyer, IA: less expensive homes
- Scipio Center, NY: less expensive homes
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