Farwell, NE
Full City Profile · Nebraska · Howard County County
3.1
/5.0
B
Good
71
Population
418/sq mi density
$58,125
Median Income
$27,813 per capita
$55,000
Home Value
$299,695 Zillow
50°F
Avg Temperature
308 sunny days/yr
257
Violent Crime/100K
4,359 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.2 / 5.0
$58,125 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$55,000 home value, /mo rent
F
Safety
1.0 / 5.0
257 violent crimes/100K
C
Education
2.1 / 5.0
13.2% bachelor's degree or higher
Housing Overview
Median Home Value
$55,000
80% below
US avg: $281,900
Homeownership Rate
80.6%
23% above US avg (65.4%)
Total Housing Units
55
Median year built: 1938
Home Value by Source
Census Median
$55,000
Zillow (ZHVI)
$299,695
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
80.6%
Owner-Occupied
19.4%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$706/mo
1 Bedroom
$791/mo
2 Bedroom
$1,001/mo
3 Bedroom
$1,274/mo
4 Bedroom
$1,409/mo
Affordability & Housing Stock
Rent Burden
27.0%
of renters spending 30%+ of income on housing
13% below US avg (31.0%)
Median Year Built
1938
Average age of housing stock: 88 years
Homeownership Rate
80.6%
Complete Housing Data
Home Values
| Census Median Value | $55,000 |
| Zillow Home Value (ZHVI) | $299,695 |
Rent
| FMR Studio | $706 |
| FMR 1-Bedroom | $791 |
| FMR 2-Bedroom | $1,001 |
| FMR 3-Bedroom | $1,274 |
| FMR 4-Bedroom | $1,409 |
Market
Ownership & Stock
| Owner-Occupied | 80.6% |
| Renter-Occupied | 19.4% |
| Homeownership Rate | 80.6% |
| Total Housing Units | 55 |
| Median Year Built | 1938 |
| Rent Burden | 27.0% |
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