The median value of housing in Farwell, NE is $272,300 which is significantly lower than the national median value of $338,100. This indicates that housing in Farwell is significantly more affordable than housing across the country. However, what Farwell lacks in affordability it makes up for in appreciation rate; Farwell's one year house appreciation rate is 18.33% compared to the national average of 8.27%. This makes investing in housing in Farwell a potentially lucrative option and an attractive choice for those looking to purchase a home.
The median home cost in Farwell is $272,300. Home appreciation the last 10 years has been 82.5%. Home Appreciation in Farwell is up 14.5%.
Average Age of Homes
- The median age of Farwell real estate is 78 years old
The Rental Market in Farwell
- Renters make up 12.0% of the Farwell population
- 0.0% 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.