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MI area data

Farwell, MI

Farwell, MI.

Population: 6,345 (Census ACS)

The typical home value in Farwell, MI is $202,348 — up 10.4% over the past year. Homes sell for a median $133,861 after a median 57 days on market. 4 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Low, with strong wind, winter weather, cold wave the top-rated hazards. Cost of living is 3.8% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$202,348

Typical home value

+10.4%

1-year change

57

Median days on market

Relatively Low

Hazard risk (county)

Home values & appreciation

Typical home value
$202,348
1-year appreciation
+10.4%
3-year appreciation
+16.1%
5-year appreciation
+30.1%
10-year appreciation
+101.7%
Peak value since 2000 (Jun 2026)
$204,083
House Price Index (state)
400.5 (+3.7% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$133,861
Median list price
$230,096
Median price per sqft
$119
1-year sale-price change
-22.2%
Median days on market
57 days
Homes sold (recent period)
30
For-sale inventory
38
Sale-to-list ratio
98.6%
Active listings
38
1-year forecast
+1.6%
New listings (monthly)
12

Source: recent area sales and market data (ZIP-level)

Rents

Studio fair-market rent
$743/mo
1BR fair-market rent
$797/mo
2BR fair-market rent
$1,042/mo
3BR fair-market rent
$1,242/mo
4BR fair-market rent
$1,464/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Average)
96.2 (100 = US avg)
Electricity rate (state-level)
20.0¢/kWh
Natural gas rate (state-level)
$10.90/MCF
30-year mortgage rate (national)
7.18%
15-year mortgage rate (national)
6.57%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
4
Elementary schools
1
Middle schools
1
High schools
2
Avg student-teacher ratio
17.1 : 1
Schools include
Farwell Timberland Alternative High School, Farwell Elementary School, Farwell High School, Farwell Middle School

Source: NCES school directory, 2024-25 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Low
Top hazards (county)
strong wind, winter weather, cold wave, lightning
Notable hazard ratings (county)
strong wind: Relatively High · winter weather: Relatively High · cold wave: Relatively Moderate · lightning: Relatively Moderate · hail: Relatively Low · tornado: Relatively Low
Wildfire risk to homes (county)
Higher than 21% of US counties
Buildings in wildfire direct-exposure zone
77.8%
Radon potential (county)
Low radon potential — EPA Zone 3 of 3
EPA Superfund (NPL) sites within 5 mi
None
Nearest Superfund site
Clare Water Supply (10.7 mi)
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA NFIP flood-insurance claims (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Annual precipitation
33.9 in
USDA plant hardiness zone
5b (extreme annual low -15 to -10°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Amenities

Airports within 30 mi
17
Nearest airport
Clare County Airport (8 mi)
Nearest major airport
MBS International Airport (MBS) (49 mi)
Hospitals in or near this ZIP
9
Hospitals include
MYMICHIGAN MEDICAL CENTER ALMA, MCLAREN CENTRAL MICHIGAN, MUNSON HEALTHCARE CADILLAC HOSPITAL
Avg hospital rating (CMS)
3.6 / 5
Best hospital rating nearby (CMS)
5.0 / 5
Solar radiation rating
Fair (3.8 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data (same ZIP, else within ~40 mi) · DOE/NREL (proximity-based)

Migration

Net migration (county)
+152 tax filers

Source: IRS SOI county-to-county migration (county-level; published with a multi-year lag)

Housing stock

Median year housing built
1979
Housing built before 1970
26.9%
Housing built 2000 or later
16.0%
Median annual property tax
$1,494
Mean commute to work
22 min
Households with broadband internet
51.7%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
6,152
Average weekly wage
$953
Top industries (by employment)
Health Care, Accommodation & Food, Construction
Annual residential building permits (county)
23

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

FarwellState medianUS median
Typical home value$202,348$240,653$285,053
Median sale price$133,861$259,924$319,906
Median days on market57 days36 days48 days
Median annual property tax$1,494$2,175$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the typical home value in Farwell, MI?
$202,348.
What is the median sale price in Farwell, MI?
$133,861.
How long do homes take to sell in Farwell, MI?
Median days on market: 57 days.
What is typical rent in Farwell, MI?
2-bedroom fair-market rent: $1,042/month (HUD FMR — a 40th-percentile regulatory reference, not market-observed).
What is the natural-hazard risk in Farwell, MI?
Overall risk: Relatively Low (FEMA NRI, county-level). Top hazards: strong wind, winter weather, cold wave, lightning.
What is the wildfire risk in Farwell, MI?
Risk to homes is higher than 21% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in Farwell, MI?
Low radon potential — EPA Zone 3 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near Farwell, MI?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve Farwell, MI?
4 schools (1 elementary, 1 middle, 2 high) (NCES, 2024-25).
What is the cost of living in Farwell, MI?
Regional Price Parity: 96.2 (100 = US average) (Average) (BEA RPP, metro/state-level).

ZIP code for Farwell

Listing a home in Farwell, MI?

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Data last updated

Most recent source refresh: Nov 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents