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Affordable
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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 $191,358, lower than the Texas average of $322,096.
The average cost of rent is $1,259/mo in Farwell, primarily driven by the current value of real estate in the Farwell area. In Farwell, 35.81% of households rent, and 67.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Farwell is $6,081 per month. Households that rent pay about 20.71% of their income on rent here. Farwell’s most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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- Progress, TX: equally priced homes
- Muleshoe, TX: less expensive homes
- Ranchvale, NM: higher priced homes
- Grier, NM: higher priced homes
- Lazbuddie, TX: equally priced homes
Cities with Similar Populations
- Clyattville, GA: higher priced homes
- Oakfield, WI: higher priced homes
- Fairview-Ferndale, PA: less expensive homes
- Firth, ID: higher priced homes
- Forestville, WI: higher priced homes
- Copan, OK: equally priced homes
- Coden, AL: equally priced homes
- Cobbtown, GA: less expensive homes
- Coalgate, OK: less expensive homes
- Clarkrange, TN: less expensive homes
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