The housing market in Farwell, TX is a great investment option due to its comparatively high median value of $149,000 and impressive one-year appreciation rate of 16.22%. This is double the national one-year appreciation rate of 8.27% for the US Housing Market and significantly higher than the US House Median Value of $338,100. Homes in Farwell are highly sought after due to their affordability, solid appreciation rates and close proximity to many amenities. Investing in a home in Farwell is a sound decision that will likely yield good returns over time.
The median home cost in Farwell is $149,000. Home appreciation the last 10 years has been 99.0%. Home Appreciation in Farwell is up 19.7%.
Average Age of Homes
- The median age of Farwell real estate is 49 years old
The Rental Market in Farwell
- Renters make up 13.9% of the Farwell population
- 2.7% 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.