Farwell, MI Housing

The housing market in Farwell, MI is performing quite well, with a median value of $148,200. While this is lower than the US House Median Value of $338,100, it has experienced higher appreciation over the last year at 9.86%, compared to the 8.27% increases across the United States as a whole. This healthy appreciation rate indicates that Farwell is a great option for those looking to invest in real estate.

The median home cost in Farwell is $148,200. Home appreciation the last 10 years has been 76.0%. Home Appreciation in Farwell is up 15.7%.

Average Age of Homes

- The median age of Farwell real estate is 42 years old

The Rental Market in Farwell

- Renters make up 28.7% of the Farwell population
- 2.8% of houses and apartments in Farwell, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Farwell, Michigan	United States
	389.0	139,647,020.0
	47	42
	$148,200	$338,100
	15.7%	16.6%
	57.6%	57.0%
	76.0%	101.1%
	$13.25	$10.98
	$1,240	$2,690
	55.5%	57.4%
	13.4%	11.2%
	31.1%	31.4%
Vacant Housing
	2.8%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	7.7%	3.6%
	2.8%	4.1%
Value of Owner-Occupied Housing
	9.7%	2.6%
	12.5%	2.4%
	6.0%	2.8%
	19.0%	3.9%
	31.0%	4.5%
	14.8%	11.3%
	2.3%	13.0%
	3.2%	20.1%
	0.0%	13.6%
	0.0%	8.3%
	1.4%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	8.5%	13.6%
	8.5%	13.6%
	14.4%	13.6%
	15.4%	13.2%
	14.7%	14.8%
	14.4%	13.6%
	9.3%	10.0%
	9.0%	4.7%
	9.0%	12.2%