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 $129,694, lower than the Texas average of $235,268.
The average cost of rent is $809/mo in Farwell, primarily driven by the current value of real estate in the Farwell area. While nearly 66.17% of residents own their homes outright in Farwell, 34.84% rent.
Housing affordability isn’t just about home prices, though. The average household income in Farwell is $5,659 per month. Households that rent pay about 14.29% of their income on rent here. Farwell's most expensive areas are in the western regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Texico, NM: higher priced homes
- Lariat, TX: higher priced homes
- Clovis, NM: equally priced homes
- Hollene, NM: higher priced homes
- Cannon Air Force Base, NM: equally priced homes
- Progress, TX: less expensive homes
- Muleshoe, TX: less expensive homes
- Ranchvale, NM: higher priced homes
- Grier, NM: higher priced homes
- Lazbuddie, TX: less expensive 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: higher priced homes
- Coden, AL: higher priced homes
- Cobbtown, GA: less expensive homes
- Coalgate, OK: less expensive homes
- Clarkrange, TN: higher priced homes
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