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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 $157,731, lower than the Nebraska average of $252,353.
The average cost of rent is $773/mo in Farwell, primarily driven by the current value of real estate in the Farwell area. In Farwell, 22.96% of households rent, and 58.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Farwell is $5,490 per month. Households that rent pay about 14.08% of their income on rent here. Farwell’s most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Elba, NE: equally priced homes
- Boelus, NE: higher priced homes
- Nysted, NE: higher priced homes
- Dannebrog, NE: higher priced homes
- Ashton, NE: equally priced homes
- St. Paul, NE: higher priced homes
- Howard City, NE: higher priced homes
- Cotesfield, NE: equally priced homes
- Rockville, NE: equally priced homes
- St. Libory, NE: higher priced homes
Cities with Similar Populations
- Randolph, IL: higher priced homes
- Northcutts Cove, TN: less expensive homes
- O'Brion, WV: less expensive homes
- Oil City, MS: higher priced homes
- Oilton, TX: less expensive homes
- Old St. Louis, IN: higher priced homes
- Oldtown, KY: equally priced homes
- Opheim, IL: higher priced homes
- Pumpkin Bend, AR: less expensive homes
- Queens, KY: less expensive homes
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