All Countries
Farwell, MI
Full City Profile · Michigan · Clare County County
2.8
/5.0
C+
Fair
1,086
Population
793/sq mi density
$40,667
Median Income
$20,066 per capita
$95,800
Home Value
$192,946 Zillow
$496
Median Rent
27.5% income on rent
48°F
Avg Temperature
260 sunny days/yr
260
Violent Crime/100K
2,637 property/100K
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.1 / 5.0
$40,667 median income, 2.6% unemployment
A+
Affordability
5.0 / 5.0
$95,800 home value, $496/mo rent
F
Safety
1.0 / 5.0
260 violent crimes/100K
D
Education
1.9 / 5.0
11.8% bachelor's degree or higher
Housing Overview
Median Home Value
$95,800
66% below
US avg: $281,900
Median Rent
$496/mo
57% below
US avg: $1,163/mo
Homeownership Rate
64.6%
1% below US avg (65.4%)
Total Housing Units
403
Median year built: 1975
Home Value by Source
Census Median
$95,800
Zillow (ZHVI)
$192,946
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
64.6%
Owner-Occupied
35.4%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$496/mo
Affordability & Housing Stock
Rent Burden
27.5%
of renters spending 30%+ of income on housing
11% below US avg (31.0%)
Median Year Built
1975
Average age of housing stock: 51 years
Homeownership Rate
64.6%
Complete Housing Data
Home Values
| Census Median Value | $95,800 |
| Zillow Home Value (ZHVI) | $192,946 |
Rent
| Census Median Rent | $496 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
Ownership & Stock
| Owner-Occupied | 64.6% |
| Renter-Occupied | 35.4% |
| Homeownership Rate | 64.6% |
| Total Housing Units | 403 |
| Median Year Built | 1975 |
| Rent Burden | 27.5% |