Zip 56327 (Farwell, MN) Housing

Housing in 56327 Farwell, MN is very reasonable compared to other areas of the country. The median value for housing in this area is $346,600 which is significantly higher than the US House Median Value of $338,100. Despite this difference, the 1 year house appreciation rate in Farwell is only 7.75% which is lower than the national average of 8.27%. This shows that Farwell is still a relatively affordable area for housing and one that will have reasonable growth in the years ahead.

The median home cost in Farwell (zip 56327) is $346,600. Home appreciation the last 10 years has been 77.8%. Home Appreciation in Farwell (zip 56327) is up 13.6%.

Average Age of Homes

- The median age of Farwell (zip 56327) real estate is 32 years old

The Rental Market in Farwell (zip 56327)

- Renters make up 2.1% of the Farwell (zip 56327) population
- 0.0% of houses and apartments in Farwell (zip 56327), 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, Minnesota	United States
	529.0	139,647,020.0
	36	42
	$346,600	$338,100
	13.6%	16.6%
	50.2%	57.0%
	77.8%	101.1%
	$8.60	$10.98
	$1,956	$2,690
	63.9%	57.4%
	34.8%	11.2%
	1.3%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	31.6%	3.6%
	3.2%	4.1%
Value of Owner-Occupied Housing
	0.9%	2.6%
	1.5%	2.4%
	2.7%	2.8%
	1.5%	3.9%
	1.5%	4.5%
	13.0%	11.3%
	9.2%	13.0%
	15.1%	20.1%
	23.7%	13.6%
	13.0%	8.3%
	12.4%	9.7%
	4.4%	3.9%
	0.6%	2.2%
	0.6%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	19.3%	13.6%
	19.3%	13.6%
	13.6%	13.6%
	18.0%	13.2%
	9.1%	14.8%
	13.6%	13.6%
	0.4%	10.0%
	3.6%	4.7%
	23.3%	12.2%

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